There are 155 comments to Martin Wolf's
Must large capital inflows always end inHow many of them are worth reading?(My answer to Martin Wolf's question "whether it is possible for countries to accept large net inflows of capital from abroad, without ending up in crisis" is "yes": If you: 1. borrow in your own currency; and 2. keep a reasonably tight rein on the leverage of your banks, real-estate firms, and operating companies; then you can accept large net inflows of...
How many of them are worth reading?
(My answer to Martin Wolf's question "whether it is possible for countries to accept large net inflows of capital from abroad, without ending up in crisis" is "yes": If you: 1. borrow in your own currency; and 2. keep a reasonably tight rein on the leverage of your banks, real-estate firms, and operating companies; then you can accept large net inflows of...
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