In a world of high capital mobility, how is it possible that some countries maintain persistently higher

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In a world of high capital mobility, how is it possible that some countries maintain persistently higher interest rate than many of the developed economies? Wouldn't these countries be persistently flooded by capital inflows from developed economies because of higher yield, resulting in relentless currency appreciation?

Posted Date: Jul 07, 2024 02:41 PM

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In a world of high capital mobility, how is it possible that some countries maintain persistently higher

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