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Once upon a time in the world of development finance, it was assumed that simply investing in developing economies was enough—that the flow…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
The international community has historically maintained hope that advances in science and technology offer humanity a wide range of options…
The comparative advantage of a location dictates its industrial structure. Current theoretical models based on this principle do not take a…
In mid-1994, Rudiger Dornbusch and Alejandro Werner warned that Mexico was heading into a crisis. Few academic papers have been so…