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Benefits and costs of international financial integration

Pierre-Richard Agénor

This literature review joins with recent studies in arguing that financial integration must be carefully prepared and managed to ensure that the benefits outweigh the short-run risks. But in contrast with some other studies, it adopts a more skeptical view of the benefits of capital flows other than foreign direct investment.

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Benefits and costs of international financial integration

Pierre-Richard Agénor

Recent activity

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