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IMF
points to ‘long-lasting scars’
FT.com, September 22, 2009
Countries that suffer banking crises endure steep
drops in output that do not rebound for at least
seven years, the International Monetary Fund said
in a study it called “sobering” for the long-term
productivity prospects of many economies.
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FDI
Increases in China
Chinadaily, September 16, 2009
Foreign direct investment (FDI) in China rose
seven percent year-on-year to US$7.5 bn in August,
the first hike in 11 months after the country was
hit by the global financial crisis, according to
the Ministry of Commerce (MOFCOM).
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Overhaul needed of Global Monetary System
The Financial Express, September 14, 2009
A report released by United Nations Conference
on Trade and Development (UNCTAD) has held the
predominance of excessively deregulated purely
financial activities over real productive
activities as responsible for the current global
financial and economic crisis.
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Double Trouble
Investment News, September 06, 2009
After the headlines
about the Internal Revenue Service (IRS) going after secret Swiss
bank accounts, investors are learning to their dismay that they
could face fines and prosecution for failing to report other
foreign assets, such life insurance, to both the IRS and the
Treasury Department, US.
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