Global capital flows plunge 60
Aug 31, 2017 International capital flows present serious policy challenges. In textbook economics, such flows are unambiguously beneficial. But volatile flows were a key cause of the 1997 Asian crisis, crosscountry financial linkages exacerbated the 2008 global crisis, and capital flows were once again central in the 2010 Greek crisis.Global crossborder capital flows have shrunk more than 60 per cent from their precrisis peak, with the UK seeing the biggest decline, highlighting the retrenchment in global finance and global capital flows plunge 60
The number of loan modifications for mortgages backed by Freddie Mac plummeted 60 in the first quarter to just 14, 000 from a year earlier, according to the governmentsponsored enterprise.