Markets now more resistant to contagion - BIS head

INTERVIEW - Painstaking efforts to strengthen the international financial system are beginning to pay off with global markets resisting contagion from worries over Argentina's debt, according to the general manager of the Bank for International Settlements (BIS), Andrew Crockett.

Crockett, who also chairs one of the new global groups set up after the 1997/98 Asian crises, said there were signs that investors were now better at discriminating between risks posed by different countries, thanks

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