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حسابداری و مالی::
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4 Payments crises: country vulnerabilities
THE PREVIOUS CHAPTER focused on the external, global drivers of crossborder capital flows and the risk of excessive lending that leads to payments crises.
The analysis - and understanding - of a country's vulnerability or resilience to payments crises has changed over the years.
The general thrust of mainstream thinking on development and payments crises has tended to be on in-country weaknesses and fragilities.
It might have been possible to brush off the impact of external factors in payments crises in the past.
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