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The article talked of a terrible Chinese balance-of-payments crisis, capital flight, corruption, a tottering banking system, out-of-control subsidies, runaway inflation, and the threat of an uprising by the poor, implying that top Chinese officials were economic ignoramuses. More than a decade later, this investment still occurs only on terms allowed by the Beijing government, which limits majority control, demands sensitive technology transfer, tolerates piracy of intellectual property, restricts foreign involvement in the sensitive banking sector, and promotes the use of China as a low-wage corporate outsourcing base.
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... to hold more government bonds on their balance sheets. The banks predictably loaded up. When the ... perceived as risky, causing a balance-of-payments crisis for several euro zone nations. Greece, Port...
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In the early months of this year, as during all of 2005, India was the beneficiary of heavy inflows of foreign capital into the local equity bazaar. But then the tide turned and the Bombay Stock Exchange's Sensitive Index started to plummet, after foreign institutional investors began trimming their exposure. The unwinding of positions was a wakeup call for many investors in India, however, reminding them that this country has been attracting relatively little reliable, long-term, direct investment capital and is, instead, heavily dependent on volatile inflows of short-term funds to finance its current-account balance-of-payments deficit. This is not to suggest that India is headed for an a;;-out crisis. Some argue that the mini-crisis the country has been going through may have a salut...
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... investment in banks to bolster their balance sheets (Morcroft, 2008). However, this did little ...-risk borrowers remain current on their payments and to stay in their homes. When addressing the in...
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A Washington mesmerized by the dawn of a new domestic political era may not recognize it, but Pakistan should now be the major - certainly foreign - preoccupation for U.S. policymakers.
* U.S. security is directly tied to Pakistan, not only as a possible sanctuary for terrorist operations, but increasingly because of recruitment of home-grown terrorists in the West.
... prevails: In the midst of continuing crisis, parasitic justices and lawyers are trying to wres... $11.3 billion loan to Islamabad to meet a balance-of-payments crisis to pressure for reforms. But wh...
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... problems including the imbalance of payments, of Berlin, Cuba, and the Far East; of NATO, of th... in the first months of 1961, including a balance of payments crisis, rising tension with the Soviet...
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[...] the rise of China affects all countries, including the EU as its largest trading partner, not only in terms of trade, but also insofar as it is an engine of the world economy alongside the US. [...] an international body or forum cannot force its mandate on sovereign nations; instead, it must appeal to the mutual self-interest of countries in maintaining stability.
...Meanwhile, after experiencing a major balance of payments crisis in 1991, India's economic polic...
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... to help Turkey out of the Kurdish refugee crisis it faced at the end of the Gulf War in 1991. But O... crisis that brought about its worst balance-of-payments crisis and a concurrent political one,...
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...All balance sheet information is drawn from Compustat. All sto... relationship between bank CEO option payments and bank CEO risk taking. Coles, Daniel, and Navee...
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Because the legal versions of those institutions best positioned to respond to the crisis - economic treaties, financial regulatory networks, and the species of international organizations known as international financial institutions - have been ineffective or, at best, marginally useful, critics are likely to raise the age-old charge against international law: that they do not matter. The international system is anarchic, meaning that the rules of international administrative bodies are not easily enforced.113 The WTO has a dispute resolution system generally regarded as successful, but the other putative administrators of global economic regulation do not. [...] it may be that the WTO's enforcement discipline ends up being ignored in the context of the crisis, and the lack of enfor...
... matters and monetary matters, such as balance of payments and exchange rate issues" to one that ...