International Finance
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What is one major global regulatory framework after the 2008 crisis?
Basel III/IV standards for strengthening banking stability.
Why are emerging markets like Uzbekistan vulnerable to global capital volatility?
Because sudden stops or outflows can disrupt financing, raise borrowing costs, and increase currency instability.
What are Eurocurrency and Euromarkets?
They involve deposits and loans in currencies outside their home country (e.g., Euroyen in London) and grew due to lower regulation and cheaper costs.
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