Reserves and the crisis: a reassessment

While the United States has been epicentre and origin of the current crisis, the high degree of financial and economic integration has shown the argument that developing countries have "decoupled" from the deterioration of the American economy to be wishful thinking. Developing countries that have, on average, benefited from their integration into the global economy are now facing the darker side of globalisation.The rapid decline in trade, coupled with a flight to quality and the deleveraging

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: