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IMF: Financial Stability Risks Up in Advanced Economies

International Monetary Fund experts say the risks of financial instability have risen in wealthy nations, and remain high in emerging markets. Jose Vinals, a senior IMF official, told journalists Wednesday that recent market turmoil reflects faltering growth, rising uncertainty and falling confidence among investors and others. He said financial markets have recovered much of the ground lost early this year, but he calls that a warning that work needs to be done, not a sign that the...

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