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    An Asynchronous and Divergent Recovery May Put Financial Stability at Risk

    Source: Adobe/adrian_ilie825
    Tobias Adrian is the Financial Counsellor and Director of the International Monetary Fund’s Monetary and Capital Markets Department.
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    After enduring a tumultuous 2020, the global economy is finally emerging from the worst phases of the COVID-19 pandemic, albeit with prospects diverging starkly across regions and countries—and only after a “lost year”
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