So it was for Dante.9 Avarice It could be said that it is easy to perceive the limits of this point of view when you have seven extra centuries of experience and thinking behind you.
Since the reversal of capital flows in May 2013, these economies have responded with a tightening of monetary and fiscal policies to mitigate capital outflows. Some of them may face a slowdown in their economic growth rates for the time being, considering that such a policy action may be needed for a while.