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Some Salient Issues Raised By The Global Financial Crisis

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  • KyungSoo Kim
  • Hyoung-Kyu Chey

Abstract

The recent global financial crisis has raised a number of important issues. This paper discusses five specific issues: first, macroprudential regulation, an issue related to the cause of the crisis; second, management of economic openness, an issue especially relevant for emerging market economies; third, diverse measures for coping with instability due to capital outflows, for example self-protection through foreign exchange reserve accumulation as well as international and regional cooperation; fourth, the future of the international monetary system, in particular the dollar-centred system; and fifth, the implications of the crisis for the economics profession. Copyright 2010 The Authors. Journal compilation 2010 Blackwell Publishing Asia Pty Ltd

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Pacific Economic Review.

Volume (Year): 15 (2010)
Issue (Month): 1 (02)
Pages: 1-10

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Handle: RePEc:bla:pacecr:v:15:y:2010:i:1:p:1-10

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1361-374X

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Cited by:
  1. Yin-Wong Cheung & Rajeswari Sengupta, 2010. "Accumulation of Reserves and Keeping Up with the Joneses: The Case of LATAM Economies," Working Papers 212010, Hong Kong Institute for Monetary Research.

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