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The growing pains of external debt in Asia

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BusinessLine The global crisis and subsequent slowdown in imports of advanced economies put a brake on the export-oriented growth of developing Asia, forcing many countries in the region to look for other sources of dynamism. The instabilities and vulnerabilit... More »

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Growing resilience to external shocks

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BusinessLine Throwing a stone in a shallow pond may cause large ripples, but hardly disturbs a deep lake. A diverse system has the capacity to absorb shocks, much as portfolio diversification reduces financial risks. Holding many types of assets means that a l... More »