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Ten Years aFTer: Revisiting the AsiAn FinAnciAl cRisis phần 2

Độ tuổi trung bình và trọng lượng ở lứa đẻ đầu tiên của 44 tháng (1320 ngày) và 465 kg, được báo cáo trong văn học, trung bình 40 tháng (1200 ngày) và trọng lượng cơ thể của 506,9 ± 57,9 Kg 5. Năng suất sinh sản thấp xảy ra ở phụ nữ đẻ lứa đầu. Calvings bò cái tơ có trình bày nhiều hơn trong các tháng của Tháng Bảy-Tháng Chín và thấp hơn | Bhumika Muchhala to as hot money is a direct result of the intrinsically volatile international financial market. The salience of financial liberalization is reinforced by the fact that the financial crises of the 1990s Mexico Turkey and Venezuela in 1994 Argentina in 1995 and the East Asian countries in 1997-1998 shared the element of sudden unanticipated and volatile shifts in global capital flows which resulted in deep economic contractions. Lessons That Live On Voices from around the world have pronounced a wide gamut of lessons that the crisis presented. One of the most widely discussed lessons in the international community is the imperative to build a new international financial architecture. Such a new architecture would ensure the efficient allocation of capital manage free capital mobility provide financial safety nets address information asymmetries and prevent herding in the financial markets.4 The goal of this new architecture is to improve the tradeoff between financial liberalization and financial stability and thereby prevent financial crises or help resolve them at the lowest possible cost should they occur. However this macro-vision of a new international financial architecture has not materialized as economists today admit that there still exists a real need for an international financial architecture to design the rules of the financial system in ways that enhance global stability and promote economic growth. A fundamental lesson that has been reinforced in various global fora is that large capital inflows can potentially have a destabilizing impact on the recipient economy particularly when the local currency is convertible. Short-term capital inflows in particular are inherently volatile in a world of free capital mobility and can trigger losses in investor confidence that can result in large losses in foreign reserves and currency depreciation. Thus excessive reliance on external capital needs to be avoided through a cautious management of .