When history repeats itself, the first time is a tragedy; the next is a farce.…
Developing Countries and The Dollar C.P. Chandrasekhar and Jayati Ghosh
In this article, the authors consider the nature of developing country capital flows and analyse why investing in US dollar assets has become such a favoured use for financial resources that could be used instead to increase economic growth in the developing world.
Developing_Countries_Dollar (Download the full text in PDF format)