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Financial globalisation has been a dynamic element in recent years, with large capital flows to a number of emerging economies in Latin America and Asia often b
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Back in the early 1990s, economists and policy makers had high expectations about the prospects for domestic capital market development in emerging economies, p
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Sequencing Financial Sector Reforms
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Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not p