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| Moritz Schularick |
«The more financially integrated a country is, the more it aims to protect itself from the risks stemming from such finantial openess. This collective policy of self-insurance against the vagaries of volatile finantial flows might have made individual countries safer, but not the world economy as a whole.»
M.Schularick, '140 Years of Financial Crisis: Old Dog, New Tricks', 2010
