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Local Currency Bond Funds Gain

Mar 30, 2008

EM bond fund flows in Q1 were characterized by strong outflows from hard currency funds countered by inflows into local currency funds, according...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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