IMF's Knight on vulnerability of emerging markets

In the speech on 'The vulnerability of emerging markets to shocks: what has changed since the mid-1990s?' given on 9 November Malcolm Knight of the BIS said good progress is now being made on making financial systems more resilient to shocks.

"The desire to limit both the incidence and the effects of financial crises provided a major impetus for the establishment of the Toronto Centre. Its key aim was - and is - to help financial supervisors and regulators around the world strengthen their

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