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PDF: 2007 Factiva, Inc. All rights reserved.

Download 4 times Source: www.nber.org // Topic: Wall Street Journal File Size: 115.51 kb // Total of Page: 2 Page(s) Last download by RhythmAcharya Last download on: 8 months ago Share this info: Sample of page (click to enlarge) Short Desciption: 15 March 2007. The Wall Street Journal ... Wall Street, hedge funds and private-equity investors and uncertain benefits for workers. ... Content Inside: Politics & Economics --- CAPITAL: Advocates of Borderless Money Temper Outlook for Benefits By David Wessel 901 words 15 March 2007 The Wall Street Journal A4 English (Copyright (c) 2007, Dow Jones & Company, Inc.) TEN YEARS AGO, with spectacularly bad timing, finance ministers and central bankers gathered in Hong Kong and declared that encouraging the free flow of capital across borders should become as much a part of the International Monetary Funds mission as encouraging trade in goods and services. That was in September 1997, in what turned out to be the opening act of the Asian financial crisis. Money that had rushed into Thailand, Indonesia, the Philippines, Malaysia and South Korea rushed out, heightening fears that allowing money to slosh around the globe without restriction could be dangerous to economic health. In the end, the IMFs mission wasnt expanded. A lot has happened in the past 10 years. Private

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