ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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The Return of Fiscal Dominance

Cross-border finance will increasingly be shaped by the fiscal crisis in the advanced countries.

HT PAREKH FINANCE COLUMN
The Return of Fiscal Dominance Suman Bery countries with general government deficits above 10% of GDP. Just a year later, by end 2009, an astonishing 45% of global GDP was in countries with deficits above that threshold. These include the United States

Cross-border finance will increasingly be shaped by the fiscal crisis in the advanced countries.

Suman Bery (sbery@ncaer.org) is with the National Council of Applied Economic Research, New Delhi.

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