Commentary: Four proposals to lower contagion
By Mark Sobel in Washington
The international community needs to do a better job in guarding against financial market contagion. The collapse of Turkish markets and the effects on other emerging economies make the question acute and relevant. Markets have long known that Turkey was an economic disaster in the making. The global policy-making community must improve their analysis of risk factors and prepare better for trouble in emerging markets. Contagion will never be banished completely, but the world can step up efforts to make it less troublesome.
Read the full commentary on the website.
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