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Global Financial Liberalization Has Failed To Live Up to Its Promise

The Shortcomings of Worldwide Financial Deregulation

Contents1 The Imbalance of Financial Globalization1.1 Introduction1.2 Historical Context1.3 Capital Flow and Inequality1.4 Uneven Financial Liberalization1.5 Revealed Capital Account Openness1.6 Understanding ‘De Facto’ Openness1.7 Data Challenges and Innovations1.8 Economic Implications1.9

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