Some Salient Issues Raised By The Global Financial Crisis
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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Volume (Year): 15 (2010)
Issue (Month): 1 (02)
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