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meaning of The paragraph details the first emerging-markets crisis of 1825, sparked by excitement over newly independent Latin American countries and their bonds offered in
meaning of The paragraph details the first emerging-markets crisis of 1825, sparked by excitement over newly independent Latin American countries and their bonds offered in London. Britain's booming economy and low returns on government bonds prompted investors to seek higher yields in foreign bonds, particularly those from Latin America. However, the lack of reliable information and proper due diligence led to risky investments, exemplified by fraudulent bonds like those from "Poyais
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