Question:
Give me Mark Allen Theory for Balance Sheet Approach To Financial Crisis.
Answer:
You want Mark Allen Theory for Balance Sheet Approach To Financial Crisis so here is its theory:
Financial markets have become increasingly integrated over the past ten years. In many countries, foreign borrowing has helped to finance higher levels of investment than would be possible with domestic savings alone and contributed to sustained periods of growth. But the opening of capital markets has also placed exceptional demands on financial and macroeconomic policies in emerging market economies. Private capital flows are sensitive to market conditions, perceived policy weaknesses, and negative shocks. Flows of private capital have been more volatile than many expected. A number of major emerging economies have experienced sharp financial crises since 1994.
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Mark Allen Theory for Balance Sheet Approach To Financial Crisis