Wednesday, January 18, 2012

Quote of the day - financial liberalisation

Quote of the day:
"financial liberalisation and financial crises go together like a horse and carriage."
From the Financial Times' chief economics commentator Martin Wolf, in a review in 2009 looking at Carmen Reinhart's and Kenneth Rogoff's historical overview of global financial crises.

No great surprise there, just a nice quote really, based on exhaustive research. But the review is informative.

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