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Branko’s Lumps

…became a “fallacy,” it was a maxim that circulated among the most distinguished literati, Montaigne, Machiavelli, Bacon… Publilius’s maxim translates as “Profits in trade can be made only by another’s…

Capital Flows and Financial Crises

…may lie in the inherent risk-sharing nature of FDI; a local firm with a foreign partner may be able to withstand financial volatility better than a firm without any external…