Illegal tapping of groundwater is one of the causes of the capital's misfortunes, according to Jan Bojo, a World Bank expert based there.
On the other hand, a central bank that neglected its duties to play fiscal watchdog could risk its independence.Clearly, there are risks to unconventional policy (abroad as well as at home, where emerging markets have long complained that expansionary rich-world policy has caused waves of capital inflows).
A new review of the empirical literature by economists at the IMF, traditionally devoted to the cause of open capital markets, finds no consensus that financial integration yields any net benefits in growth at all (even though, the Fund insists, in theory it ought to).
If an American recession caused a flight of capital to safety, these countries would see a sharp outflow of money.
Boivin said that the threat of the province separating from Canada had caused a lot of capital to flee Montreal and had inhibited the city's ability to attract new capital.
The main one is that the recent deterioration in global financial conditions increases risk aversion, causing a reversal of capital inflows out of emerging markets with large external imbalances like Turkey.
(Bretton Woods I was the global monetary system in force between 1944 and the early 1970s under which countries fixed their currencies to the dollar, which in turn was tied to gold).Wall of moneyThe large saving surplus in emerging economies caused a flood of capital to rich ones, largely America.
She had a mysterious and enchanting power, which at the height of her career caused the streets of capital cities across the Arab world to empty as people rushed back home to hear her monthly radio concerts.
Like Japan in the 1980s, it is argued, an artificially low cost of capital causes chronic overinvestment and falling returns.
OMAHA, April 14 — Ernie Chambers is Nebraska's only African-American state senator, a man who has fought for causes including the abolition of capital punishment and the end of apartheid in South Africa.
