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OP-ED: The Threats of the Boom-Bust Cycle

Posted on 15 August 2011 by admin

By Yilmaz Akyuz*

GENEVA, Aug (IPS/South Centre) — As in previous episodes, a key factor in the current boom in capital flows to developing and emerging economies (DEEs) is a sharp cut in interest rates and a rapid expansion of liquidity in the major advanced economies (AEs), notably the United States.

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