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Tuesday
Mar172009

Barney Frank Sounds Like An Emerging Market Minister

DateMarch 17, 2009 at 2:37 PM

Barney Frank's comments remind me of the kind of comments I heard back in the 1990's regarding foreign capital inflows to emerging economies. Countries like Brazil, Thailand, Korea and Chile were very nervous about fickle foreign capital actually hurting financial stability and would rather not have it even if that meant increasing the cost of capital.

AuthorDavid Neubert | CommentPost a Comment |

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