Domino Effect: How Lehman's Failure marked the beginning of the End for the Dollar
... in one word: Globalization. In India’s case, its rapid integration into the global financial system followed the 1998 financial crisis. It sought to raise its foreign reserves, as did every other emerging market affected by the crisis. So where ... ... system. Recently, the leaders of the BRICS countries met in Brazil to establish the BRICS Development Bank, a counterpart to the IMF and the World Bank, specifically designed to increase the amount of money loaned to developing nations. The bank also was ...
29.07.2014