Emerging Europe: Managing Large Capital Flows
By Marek Belka Conventional wisdom has been that capital flows are a blessing to emerging economies, bringing needed funds to countries where investments are most productive. But if history is any...
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Learning from the Crisis: Future IMF Lending Role
By Reza Moghadam Let’s rewind the tape to October 2008. Barely a couple of weeks have passed since Lehman filed for bankruptcy, and emerging markets are selling off like crazy. The vaunted “decoupling”...
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Global Safety Nets: Crisis Prevention in an Age of Uncertainty
By Reza Moghadam Though the recent global crisis started in the advanced economies, most emerging markets came under pressure; it seemed that no country, especially those most interconnected, was...
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Escaping the Resource Curse
By Mauricio Villafuerte (Version in عربي) It reads like a script for a Hollywood movie—a poor protagonist happens upon an opportunity that has the potential of bestowing riches, but an evil curse...
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