Following the OPEC crisis of the 1970s and the 2008 economic crisis, there were major increases in global liquidity that saw investors search for bonds from less-advanced economies that offered higher yields at higher risk. What problems did this create?
A:
It’s a problem of volatility more than anything else. After 2008, the increased liquidity in the market flowed to developing countries. But then we start tightening up...
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