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Explain and discuss how each phase of the boom-and-bust cycle has characterized the history of capital flows from the advanced industrial countries to the developing
Explain and discuss how each phase of the boom-and-bust cycle has characterized the history of capital flows from the advanced industrial countries to the developing world. Should national governments or international institutions regulate capital flows? How effective are capital controls? What is the role of the IMF in regulating cross-border capital flows?
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