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Bank for International Settlements Document: Weathering the financial crisis - good policy or good luck?

( August 8, 2011, 15:58 GMT | Official Statement) -- MLex Summary: Countries with lower levels of lending relative to the economy held up better in the recent financial crisis, although those nations also benefitted from less financial openness and reliance on US sources of funding, Bank for International Settlements staff economists said in a research paper.The following is an excerpt from BIS Working Paper No 351, Weathering the financial crisis: good policy or good luck? Click the attachment at bottom for the full report....

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