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Unformatted text preview: d. What are the advantages of opening your capital markets when done correctly? Advantages- make financial system better. It allows easier government borrowing, enhances welfare generally, restrictions are more difficult to enforce when a financial system is open, and eases the conduct of domestically oriented monetary policy. e. How developing countries of the world better prepared for the current crisis relative to the Asian Currency Crisis? They have a current account surplus....
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- Spring '09