<?xml version='1.0' encoding='utf-8'?>
<alto xmlns="http://www.loc.gov/standards/alto/ns-v3#" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/standards/alto/ns-v3# http://www.loc.gov/standards/alto/v3/alto-3-1.xsd"><Description><MeasurementUnit>pixel</MeasurementUnit><sourceImageInformation><fileIdentifier>671710</fileIdentifier></sourceImageInformation></Description><Layout><Page WIDTH="1652" PHYSICAL_IMG_NR="1" ID="p671703" HEIGHT="2338"><PrintSpace WIDTH="1652" HPOS="0" VPOS="0" ID="ps671703" HEIGHT="2338"><TextBlock WIDTH="1652" HPOS="0" VPOS="0" ID="tb671703" HEIGHT="2338"><TextLine HPOS="197" VPOS="103" ID="tl1-0" WIDTH="1224" HEIGHT="21"><String HEIGHT="21" CONTENT="Regional" WIDTH="81" HPOS="197" VPOS="103" ID="st1-0"/><SP/><String HEIGHT="21" CONTENT="Governance" WIDTH="114" HPOS="284" VPOS="103" ID="st1-1"/><SP/><String HEIGHT="21" CONTENT="Architecture" WIDTH="116" HPOS="404" VPOS="103" ID="st1-2"/><SP/><String HEIGHT="21" CONTENT="FES" WIDTH="32" HPOS="665" VPOS="103" ID="st1-3"/><SP/><String HEIGHT="21" CONTENT="Briefing" WIDTH="73" HPOS="703" VPOS="103" ID="st1-4"/><SP/><String HEIGHT="21" CONTENT="Paper" WIDTH="53" HPOS="782" VPOS="103" ID="st1-5"/><SP/><String HEIGHT="21" CONTENT="February" WIDTH="82" HPOS="841" VPOS="103" ID="st1-6"/><SP/><String HEIGHT="21" CONTENT="2006" WIDTH="49" HPOS="929" VPOS="103" ID="st1-7"/><SP/><String HEIGHT="21" CONTENT="Page" WIDTH="45" HPOS="1376" VPOS="103" ID="st1-8"/></TextLine><TextLine HPOS="1439" VPOS="104" ID="tl1-1" WIDTH="12" HEIGHT="21"><String HEIGHT="21" CONTENT="1" WIDTH="12" HPOS="1439" VPOS="104" ID="st1-9"/></TextLine><TextLine HPOS="307" VPOS="991" ID="tl1-2" WIDTH="1059" HEIGHT="42"><String HEIGHT="42" CONTENT="Some" WIDTH="116" HPOS="307" VPOS="991" ID="st1-10"/><SP/><String HEIGHT="42" CONTENT="Reflections" WIDTH="230" HPOS="435" VPOS="991" ID="st1-11"/><SP/><String HEIGHT="42" CONTENT="on" WIDTH="54" HPOS="677" VPOS="991" ID="st1-12"/><SP/><String HEIGHT="42" CONTENT="the" WIDTH="69" HPOS="744" VPOS="991" ID="st1-13"/><SP/><String HEIGHT="42" CONTENT="Current" WIDTH="158" HPOS="825" VPOS="991" ID="st1-14"/><SP/><String HEIGHT="42" CONTENT="Global" WIDTH="135" HPOS="996" VPOS="991" ID="st1-15"/><SP/><String HEIGHT="42" CONTENT="Crisis" WIDTH="108" HPOS="1144" VPOS="991" ID="st1-16"/><SP/><String HEIGHT="42" CONTENT="from" WIDTH="101" HPOS="1265" VPOS="991" ID="st1-17"/></TextLine><TextLine HPOS="467" VPOS="1043" ID="tl1-3" WIDTH="739" HEIGHT="42"><String HEIGHT="42" CONTENT="a" WIDTH="25" HPOS="467" VPOS="1043" ID="st1-18"/><SP/><String HEIGHT="42" CONTENT="Developing" WIDTH="240" HPOS="504" VPOS="1043" ID="st1-19"/><SP/><String HEIGHT="42" CONTENT="Countries" WIDTH="200" HPOS="756" VPOS="1043" ID="st1-20"/><SP/><String HEIGHT="42" CONTENT="Perspective" WIDTH="238" HPOS="968" VPOS="1043" ID="st1-21"/></TextLine><TextLine HPOS="851" VPOS="1128" ID="tl1-4" WIDTH="8" HEIGHT="27"><String HEIGHT="27" CONTENT="=" WIDTH="8" HPOS="851" VPOS="1128" ID="st1-22"/></TextLine><TextLine HPOS="603" VPOS="1164" ID="tl1-5" WIDTH="505" HEIGHT="27"><String HEIGHT="27" CONTENT="ol" WIDTH="28" HPOS="603" VPOS="1164" ID="st1-23"/><String HEIGHT="27" CONTENT="_" WIDTH="15" HPOS="631" VPOS="1164" ID="st1-24"/><String HEIGHT="27" CONTENT="boql" WIDTH="58" HPOS="646" VPOS="1164" ID="st1-25"/><String HEIGHT="27" CONTENT="=" WIDTH="14" HPOS="704" VPOS="1164" ID="st1-26"/><String HEIGHT="27" CONTENT="cobkhbi" WIDTH="101" HPOS="718" VPOS="1164" ID="st1-27"/><String HEIGHT="27" CONTENT="=" WIDTH="14" HPOS="819" VPOS="1164" ID="st1-28"/><String HEIGHT="27" CONTENT="^" WIDTH="15" HPOS="833" VPOS="1164" ID="st1-29"/><String HEIGHT="27" CONTENT="ka" WIDTH="29" HPOS="848" VPOS="1164" ID="st1-30"/><String HEIGHT="27" CONTENT="=" WIDTH="14" HPOS="877" VPOS="1164" ID="st1-31"/><String HEIGHT="27" CONTENT="j" WIDTH="15" HPOS="891" VPOS="1164" ID="st1-32"/><String HEIGHT="27" CONTENT="^" WIDTH="14" HPOS="906" VPOS="1164" ID="st1-33"/><String HEIGHT="27" CONTENT="oqfk" WIDTH="58" HPOS="920" VPOS="1164" ID="st1-34"/><String HEIGHT="27" CONTENT="=" WIDTH="14" HPOS="978" VPOS="1164" ID="st1-35"/><String HEIGHT="27" CONTENT="o" WIDTH="15" HPOS="992" VPOS="1164" ID="st1-36"/><String HEIGHT="27" CONTENT="^" WIDTH="14" HPOS="1007" VPOS="1164" ID="st1-37"/><String HEIGHT="27" CONTENT="mbqqf" WIDTH="72" HPOS="1021" VPOS="1164" ID="st1-38"/><String HEIGHT="27" CONTENT="=" WIDTH="15" HPOS="1093" VPOS="1164" ID="st1-39"/></TextLine><TextLine HPOS="318" VPOS="1250" ID="tl1-6" WIDTH="8" HEIGHT="27"><String HEIGHT="27" CONTENT="=" WIDTH="8" HPOS="318" VPOS="1250" ID="st1-40"/></TextLine><TextLine HPOS="318" VPOS="1337" ID="tl1-7" WIDTH="8" HEIGHT="26"><String HEIGHT="26" CONTENT="=" WIDTH="8" HPOS="318" VPOS="1337" ID="st1-41"/></TextLine><TextLine HPOS="318" VPOS="1423" ID="tl1-8" WIDTH="8" HEIGHT="26"><String HEIGHT="26" CONTENT="=" WIDTH="8" HPOS="318" VPOS="1423" ID="st1-42"/></TextLine><TextLine HPOS="354" VPOS="1459" ID="tl1-9" WIDTH="8" HEIGHT="26"><String HEIGHT="26" CONTENT="=" WIDTH="8" HPOS="354" VPOS="1459" ID="st1-43"/></TextLine><TextLine HPOS="354" VPOS="1495" ID="tl1-10" WIDTH="8" HEIGHT="26"><String HEIGHT="26" CONTENT="=" WIDTH="8" HPOS="354" VPOS="1495" ID="st1-44"/></TextLine><TextLine HPOS="318" VPOS="1581" ID="tl1-11" WIDTH="8" HEIGHT="26"><String HEIGHT="26" CONTENT="=" WIDTH="8" HPOS="318" VPOS="1581" ID="st1-45"/></TextLine></TextBlock></PrintSpace></Page><Page WIDTH="1652" PHYSICAL_IMG_NR="2" ID="p671704" HEIGHT="2338"><PrintSpace WIDTH="1652" HPOS="0" VPOS="0" ID="ps671704" HEIGHT="2338"><TextBlock WIDTH="1652" HPOS="0" VPOS="0" ID="tb671704" HEIGHT="2338"><TextLine HPOS="197" VPOS="103" ID="tl2-0" WIDTH="1224" HEIGHT="21"><String HEIGHT="21" CONTENT="Reflections" WIDTH="96" HPOS="197" VPOS="103" ID="st2-0"/><SP/><String HEIGHT="21" CONTENT="on" WIDTH="24" HPOS="299" VPOS="103" ID="st2-1"/><SP/><String HEIGHT="21" CONTENT="the" WIDTH="30" HPOS="328" VPOS="103" ID="st2-2"/><SP/><String HEIGHT="21" CONTENT="Current" WIDTH="70" HPOS="362" VPOS="103" ID="st2-3"/><SP/><String HEIGHT="21" CONTENT="Global" WIDTH="59" HPOS="437" VPOS="103" ID="st2-4"/><SP/><String HEIGHT="21" CONTENT="Crisis" WIDTH="47" HPOS="501" VPOS="103" ID="st2-5"/><SP/><String HEIGHT="21" CONTENT="FES" WIDTH="32" HPOS="670" VPOS="103" ID="st2-6"/><SP/><String HEIGHT="21" CONTENT="Briefing" WIDTH="72" HPOS="709" VPOS="103" ID="st2-7"/><SP/><String HEIGHT="21" CONTENT="Paper" WIDTH="53" HPOS="788" VPOS="103" ID="st2-8"/><SP/><String HEIGHT="21" CONTENT="6" WIDTH="12" HPOS="847" VPOS="103" ID="st2-9"/><String HEIGHT="21" CONTENT="|" WIDTH="5" HPOS="865" VPOS="103" ID="st2-10"/><SP/><String HEIGHT="21" CONTENT="May" WIDTH="41" HPOS="876" VPOS="103" ID="st2-11"/><SP/><String HEIGHT="21" CONTENT="2009" WIDTH="50" HPOS="923" VPOS="103" ID="st2-12"/><SP/><String HEIGHT="21" CONTENT="Page" WIDTH="45" HPOS="1376" VPOS="103" ID="st2-13"/></TextLine><TextLine HPOS="1439" VPOS="104" ID="tl2-1" WIDTH="12" HEIGHT="21"><String HEIGHT="21" CONTENT="2" WIDTH="12" HPOS="1439" VPOS="104" ID="st2-14"/></TextLine><TextLine HPOS="197" VPOS="202" ID="tl2-2" WIDTH="233" HEIGHT="29"><String HEIGHT="29" CONTENT="1" WIDTH="12" HPOS="197" VPOS="202" ID="st2-15"/><String HEIGHT="29" CONTENT="." WIDTH="13" HPOS="209" VPOS="202" ID="st2-16"/><SP/><String HEIGHT="29" CONTENT="Introduction" WIDTH="178" HPOS="252" VPOS="202" ID="st2-17"/></TextLine><TextLine HPOS="197" VPOS="254" ID="tl2-3" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="197" VPOS="254" ID="st2-18"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="84" HPOS="251" VPOS="254" ID="st2-19"/><SP/><String HEIGHT="26" CONTENT="global" WIDTH="73" HPOS="346" VPOS="254" ID="st2-20"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="55" HPOS="430" VPOS="254" ID="st2-21"/><SP/><String HEIGHT="26" CONTENT="originated" WIDTH="120" HPOS="496" VPOS="254" ID="st2-22"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="627" VPOS="254" ID="st2-23"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="659" VPOS="254" ID="st2-24"/><SP/><String HEIGHT="26" CONTENT="US" WIDTH="32" HPOS="709" VPOS="254" ID="st2-25"/><SP/><String HEIGHT="26" CONTENT="fi" WIDTH="17" HPOS="752" VPOS="254" ID="st2-26" SUBS_TYPE="HypPart1" SUBS_CONTENT="financial"/><HYP CONTENT="-" WIDTH="8" HPOS="769" VPOS="254" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="287" ID="tl2-4" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="nancial" WIDTH="83" HPOS="197" VPOS="287" ID="st2-27" SUBS_TYPE="HypPart2" SUBS_CONTENT="financial"/><SP/><String HEIGHT="26" CONTENT="system" WIDTH="75" HPOS="293" VPOS="287" ID="st2-28"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="368" VPOS="287" ID="st2-29"/><SP/><String HEIGHT="26" CONTENT="Since" WIDTH="62" HPOS="394" VPOS="287" ID="st2-30"/><SP/><String HEIGHT="26" CONTENT="it" WIDTH="16" HPOS="468" VPOS="287" ID="st2-31"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="497" VPOS="287" ID="st2-32"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="527" VPOS="287" ID="st2-33"/><SP/><String HEIGHT="26" CONTENT="center" WIDTH="74" HPOS="578" VPOS="287" ID="st2-34"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="665" VPOS="287" ID="st2-35"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="13" HPOS="703" VPOS="287" ID="st2-36"/><SP/><String HEIGHT="26" CONTENT="net" WIDTH="36" HPOS="729" VPOS="287" ID="st2-37" SUBS_TYPE="HypPart1" SUBS_CONTENT="network"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="287" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="320" ID="tl2-5" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="work" WIDTH="60" HPOS="197" VPOS="320" ID="st2-38" SUBS_TYPE="HypPart2" SUBS_CONTENT="network"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="266" VPOS="320" ID="st2-39"/><SP/><String HEIGHT="27" CONTENT="interlinks" WIDTH="107" HPOS="323" VPOS="320" ID="st2-40"/><SP/><String HEIGHT="27" CONTENT="national" WIDTH="96" HPOS="439" VPOS="320" ID="st2-41"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="544" VPOS="320" ID="st2-42"/><SP/><String HEIGHT="27" CONTENT="systems" WIDTH="91" HPOS="652" VPOS="320" ID="st2-43"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="752" VPOS="320" ID="st2-44"/></TextLine><TextLine HPOS="197" VPOS="354" ID="tl2-6" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="almost" WIDTH="78" HPOS="197" VPOS="354" ID="st2-45"/><SP/><String HEIGHT="26" CONTENT="all" WIDTH="26" HPOS="295" VPOS="354" ID="st2-46"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="341" VPOS="354" ID="st2-47"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="469" VPOS="354" ID="st2-48"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="510" VPOS="354" ID="st2-49"/><SP/><String HEIGHT="26" CONTENT="world" WIDTH="63" HPOS="568" VPOS="354" ID="st2-50"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="631" VPOS="354" ID="st2-51"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="663" VPOS="354" ID="st2-52"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="55" HPOS="722" VPOS="354" ID="st2-53"/></TextLine><TextLine HPOS="197" VPOS="387" ID="tl2-7" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="spread" WIDTH="78" HPOS="197" VPOS="387" ID="st2-54"/><SP/><String HEIGHT="26" CONTENT="out" WIDTH="40" HPOS="287" VPOS="387" ID="st2-55"/><SP/><String HEIGHT="26" CONTENT="very" WIDTH="48" HPOS="338" VPOS="387" ID="st2-56"/><SP/><String HEIGHT="26" CONTENT="quickly" WIDTH="77" HPOS="397" VPOS="387" ID="st2-57"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="474" VPOS="387" ID="st2-58"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="497" VPOS="387" ID="st2-59"/><SP/><String HEIGHT="26" CONTENT="fall" WIDTH="35" HPOS="552" VPOS="387" ID="st2-60"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="599" VPOS="387" ID="st2-61"/><SP/><String HEIGHT="26" CONTENT="asset" WIDTH="59" HPOS="631" VPOS="387" ID="st2-62"/><SP/><String HEIGHT="26" CONTENT="prices" WIDTH="65" HPOS="701" VPOS="387" ID="st2-63"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="766" VPOS="387" ID="st2-64"/></TextLine><TextLine HPOS="197" VPOS="420" ID="tl2-8" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="197" VPOS="420" ID="st2-65"/><SP/><String HEIGHT="27" CONTENT="liquidity" WIDTH="92" HPOS="249" VPOS="420" ID="st2-66"/><SP/><String HEIGHT="27" CONTENT="contraction" WIDTH="134" HPOS="355" VPOS="420" ID="st2-67"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="502" VPOS="420" ID="st2-68"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="560" VPOS="420" ID="st2-69"/><SP/><String HEIGHT="27" CONTENT="increased" WIDTH="112" HPOS="612" VPOS="420" ID="st2-70"/><SP/><String HEIGHT="27" CONTENT="un" WIDTH="27" HPOS="737" VPOS="420" ID="st2-71" SUBS_TYPE="HypPart1" SUBS_CONTENT="uncertainty"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="420" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="454" ID="tl2-9" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="certainty" WIDTH="101" HPOS="197" VPOS="454" ID="st2-72" SUBS_TYPE="HypPart2" SUBS_CONTENT="uncertainty"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="307" VPOS="454" ID="st2-73"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="336" VPOS="454" ID="st2-74"/><SP/><String HEIGHT="26" CONTENT="markets" WIDTH="95" HPOS="443" VPOS="454" ID="st2-75"/><SP/><String HEIGHT="26" CONTENT="gradually" WIDTH="108" HPOS="546" VPOS="454" ID="st2-76"/><SP/><String HEIGHT="26" CONTENT="started" WIDTH="82" HPOS="662" VPOS="454" ID="st2-77"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="752" VPOS="454" ID="st2-78"/></TextLine><TextLine HPOS="197" VPOS="487" ID="tl2-10" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="affect" WIDTH="67" HPOS="197" VPOS="487" ID="st2-79"/><SP/><String HEIGHT="26" CONTENT="economic" WIDTH="114" HPOS="278" VPOS="487" ID="st2-80"/><SP/><String HEIGHT="26" CONTENT="activity" WIDTH="80" HPOS="405" VPOS="487" ID="st2-81"/><String HEIGHT="26" CONTENT="." WIDTH="10" HPOS="485" VPOS="487" ID="st2-82"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="508" VPOS="487" ID="st2-83"/><SP/><String HEIGHT="26" CONTENT="resulting" WIDTH="102" HPOS="565" VPOS="487" ID="st2-84"/><SP/><String HEIGHT="26" CONTENT="contrac" WIDTH="85" HPOS="680" VPOS="487" ID="st2-85" SUBS_TYPE="HypPart1" SUBS_CONTENT="contraction"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="487" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="520" ID="tl2-11" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="tion" WIDTH="46" HPOS="197" VPOS="520" ID="st2-86" SUBS_TYPE="HypPart2" SUBS_CONTENT="contraction"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="257" VPOS="520" ID="st2-87"/><SP/><String HEIGHT="27" CONTENT="aggregate" WIDTH="120" HPOS="293" VPOS="520" ID="st2-88"/><SP/><String HEIGHT="27" CONTENT="demand" WIDTH="98" HPOS="427" VPOS="520" ID="st2-89"/><SP/><String HEIGHT="27" CONTENT="spread" WIDTH="79" HPOS="538" VPOS="520" ID="st2-90"/><SP/><String HEIGHT="27" CONTENT="out" WIDTH="41" HPOS="631" VPOS="520" ID="st2-91"/><SP/><String HEIGHT="27" CONTENT="all" WIDTH="26" HPOS="686" VPOS="520" ID="st2-92"/><SP/><String HEIGHT="27" CONTENT="over" WIDTH="51" HPOS="726" VPOS="520" ID="st2-93"/></TextLine><TextLine HPOS="197" VPOS="554" ID="tl2-12" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="197" VPOS="554" ID="st2-94"/><SP/><String HEIGHT="26" CONTENT="world" WIDTH="68" HPOS="246" VPOS="554" ID="st2-95"/><SP/><String HEIGHT="26" CONTENT="through" WIDTH="96" HPOS="325" VPOS="554" ID="st2-96"/><SP/><String HEIGHT="26" CONTENT="international" WIDTH="150" HPOS="432" VPOS="554" ID="st2-97"/><SP/><String HEIGHT="26" CONTENT="trade" WIDTH="62" HPOS="593" VPOS="554" ID="st2-98"/><SP/><String HEIGHT="26" CONTENT="channels" WIDTH="98" HPOS="666" VPOS="554" ID="st2-99"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="764" VPOS="554" ID="st2-100"/></TextLine><TextLine HPOS="197" VPOS="587" ID="tl2-13" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="reinforcing" WIDTH="128" HPOS="197" VPOS="587" ID="st2-101"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="337" VPOS="587" ID="st2-102"/><SP/><String HEIGHT="26" CONTENT="contractive" WIDTH="130" HPOS="387" VPOS="587" ID="st2-103"/><SP/><String HEIGHT="26" CONTENT="forces" WIDTH="67" HPOS="529" VPOS="587" ID="st2-104"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="596" VPOS="587" ID="st2-105"/><SP/><String HEIGHT="26" CONTENT="According" WIDTH="120" HPOS="620" VPOS="587" ID="st2-106"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="752" VPOS="587" ID="st2-107"/></TextLine><TextLine HPOS="197" VPOS="620" ID="tl2-14" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="197" VPOS="620" ID="st2-108"/><SP/><String HEIGHT="27" CONTENT="IMF" WIDTH="43" HPOS="244" VPOS="620" ID="st2-109"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="296" VPOS="620" ID="st2-110"/><SP/><String HEIGHT="27" CONTENT="world" WIDTH="67" HPOS="344" VPOS="620" ID="st2-111"/><SP/><String HEIGHT="27" CONTENT="economy" WIDTH="108" HPOS="420" VPOS="620" ID="st2-112"/><SP/><String HEIGHT="27" CONTENT="would" WIDTH="74" HPOS="537" VPOS="620" ID="st2-113"/><SP/><String HEIGHT="27" CONTENT="experience" WIDTH="127" HPOS="620" VPOS="620" ID="st2-114"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="755" VPOS="620" ID="st2-115"/></TextLine><TextLine HPOS="197" VPOS="654" ID="tl2-15" WIDTH="588" HEIGHT="26"><String HEIGHT="26" CONTENT="2009" WIDTH="61" HPOS="197" VPOS="654" ID="st2-116"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="267" VPOS="654" ID="st2-117"/><SP/><String HEIGHT="26" CONTENT="biggest" WIDTH="86" HPOS="314" VPOS="654" ID="st2-118"/><SP/><String HEIGHT="26" CONTENT="contraction" WIDTH="134" HPOS="409" VPOS="654" ID="st2-119"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="552" VPOS="654" ID="st2-120"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="582" VPOS="654" ID="st2-121"/><SP/><String HEIGHT="26" CONTENT="last" WIDTH="40" HPOS="629" VPOS="654" ID="st2-122"/><SP/><String HEIGHT="26" CONTENT="60" WIDTH="30" HPOS="678" VPOS="654" ID="st2-123"/><SP/><String HEIGHT="26" CONTENT="years" WIDTH="56" HPOS="717" VPOS="654" ID="st2-124"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="773" VPOS="654" ID="st2-125"/></TextLine><TextLine HPOS="197" VPOS="687" ID="tl2-16" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="Most" WIDTH="60" HPOS="197" VPOS="687" ID="st2-126"/><SP/><String HEIGHT="26" CONTENT="analysts" WIDTH="93" HPOS="268" VPOS="687" ID="st2-127"/><SP/><String HEIGHT="26" CONTENT="agree" WIDTH="66" HPOS="373" VPOS="687" ID="st2-128"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="451" VPOS="687" ID="st2-129"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="510" VPOS="687" ID="st2-130"/><SP/><String HEIGHT="26" CONTENT="world" WIDTH="68" HPOS="561" VPOS="687" ID="st2-131"/><SP/><String HEIGHT="26" CONTENT="economy" WIDTH="108" HPOS="640" VPOS="687" ID="st2-132"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="760" VPOS="687" ID="st2-133"/></TextLine><TextLine HPOS="197" VPOS="720" ID="tl2-17" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="going" WIDTH="68" HPOS="197" VPOS="720" ID="st2-134"/><SP/><String HEIGHT="27" CONTENT="through" WIDTH="95" HPOS="278" VPOS="720" ID="st2-135"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="387" VPOS="720" ID="st2-136"/><SP/><String HEIGHT="27" CONTENT="worst" WIDTH="66" HPOS="439" VPOS="720" ID="st2-137"/><SP/><String HEIGHT="27" CONTENT="crisis" WIDTH="56" HPOS="518" VPOS="720" ID="st2-138"/><SP/><String HEIGHT="27" CONTENT="since" WIDTH="59" HPOS="587" VPOS="720" ID="st2-139"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="659" VPOS="720" ID="st2-140"/><SP/><String HEIGHT="27" CONTENT="Great" WIDTH="66" HPOS="711" VPOS="720" ID="st2-141"/></TextLine><TextLine HPOS="197" VPOS="754" ID="tl2-18" WIDTH="137" HEIGHT="26"><String HEIGHT="26" CONTENT="Depression" WIDTH="124" HPOS="197" VPOS="754" ID="st2-142"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="321" VPOS="754" ID="st2-143"/></TextLine><TextLine HPOS="197" VPOS="804" ID="tl2-19" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="Modern" WIDTH="94" HPOS="197" VPOS="804" ID="st2-144"/><SP/><String HEIGHT="26" CONTENT="mainstream" WIDTH="139" HPOS="319" VPOS="804" ID="st2-145"/><SP/><String HEIGHT="26" CONTENT="macroeconomic" WIDTH="188" HPOS="486" VPOS="804" ID="st2-146"/><SP/><String HEIGHT="26" CONTENT="theory" WIDTH="76" HPOS="701" VPOS="804" ID="st2-147"/></TextLine><TextLine HPOS="197" VPOS="837" ID="tl2-20" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="failed" WIDTH="64" HPOS="197" VPOS="837" ID="st2-148"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="274" VPOS="837" ID="st2-149"/><SP/><String HEIGHT="26" CONTENT="predict" WIDTH="82" HPOS="312" VPOS="837" ID="st2-150"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="407" VPOS="837" ID="st2-151"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="84" HPOS="459" VPOS="837" ID="st2-152"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="556" VPOS="837" ID="st2-153"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="668" VPOS="837" ID="st2-154"/><SP/><String HEIGHT="26" CONTENT="eco" WIDTH="39" HPOS="726" VPOS="837" ID="st2-155" SUBS_TYPE="HypPart1" SUBS_CONTENT="economic"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="837" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="870" ID="tl2-21" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="nomic" WIDTH="72" HPOS="197" VPOS="870" ID="st2-156" SUBS_TYPE="HypPart2" SUBS_CONTENT="economic"/><SP/><String HEIGHT="27" CONTENT="crisis" WIDTH="54" HPOS="281" VPOS="870" ID="st2-157"/><String HEIGHT="27" CONTENT="." WIDTH="10" HPOS="335" VPOS="870" ID="st2-158"/><SP/><String HEIGHT="27" CONTENT="This" WIDTH="46" HPOS="357" VPOS="870" ID="st2-159"/><SP/><String HEIGHT="27" CONTENT="failure" WIDTH="74" HPOS="416" VPOS="870" ID="st2-160"/><SP/><String HEIGHT="27" CONTENT="had" WIDTH="45" HPOS="502" VPOS="870" ID="st2-161"/><SP/><String HEIGHT="27" CONTENT="an" WIDTH="29" HPOS="560" VPOS="870" ID="st2-162"/><SP/><String HEIGHT="27" CONTENT="impact" WIDTH="80" HPOS="601" VPOS="870" ID="st2-163"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="694" VPOS="870" ID="st2-164"/><SP/><String HEIGHT="27" CONTENT="aca" WIDTH="37" HPOS="728" VPOS="870" ID="st2-165" SUBS_TYPE="HypPart1" SUBS_CONTENT="academic"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="870" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="904" ID="tl2-22" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="demic" WIDTH="71" HPOS="197" VPOS="904" ID="st2-166" SUBS_TYPE="HypPart2" SUBS_CONTENT="academic"/><SP/><String HEIGHT="26" CONTENT="circles" WIDTH="68" HPOS="283" VPOS="904" ID="st2-167"/><String HEIGHT="26" CONTENT="." WIDTH="10" HPOS="351" VPOS="904" ID="st2-168"/><SP/><String HEIGHT="26" CONTENT="Several" WIDTH="84" HPOS="376" VPOS="904" ID="st2-169"/><SP/><String HEIGHT="26" CONTENT="influential" WIDTH="117" HPOS="475" VPOS="904" ID="st2-170"/><SP/><String HEIGHT="26" CONTENT="figures" WIDTH="80" HPOS="607" VPOS="904" ID="st2-171"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="702" VPOS="904" ID="st2-172"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="738" VPOS="904" ID="st2-173"/></TextLine><TextLine HPOS="197" VPOS="937" ID="tl2-23" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="mainstream" WIDTH="139" HPOS="197" VPOS="937" ID="st2-174"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="56" HPOS="349" VPOS="937" ID="st2-175"/><SP/><String HEIGHT="26" CONTENT="recently" WIDTH="93" HPOS="418" VPOS="937" ID="st2-176"/><SP/><String HEIGHT="26" CONTENT="manifested" WIDTH="131" HPOS="524" VPOS="937" ID="st2-177"/><SP/><String HEIGHT="26" CONTENT="their" WIDTH="54" HPOS="668" VPOS="937" ID="st2-178"/><SP/><String HEIGHT="26" CONTENT="dis" WIDTH="31" HPOS="736" VPOS="937" ID="st2-179" SUBS_TYPE="HypPart1" SUBS_CONTENT="dissatisfaction"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="937" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="970" ID="tl2-24" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="satisfaction" WIDTH="132" HPOS="197" VPOS="970" ID="st2-180" SUBS_TYPE="HypPart2" SUBS_CONTENT="dissatisfaction"/><SP/><String HEIGHT="27" CONTENT="with" WIDTH="53" HPOS="339" VPOS="970" ID="st2-181"/><SP/><String HEIGHT="27" CONTENT="it" WIDTH="15" HPOS="402" VPOS="970" ID="st2-182"/><String HEIGHT="27" CONTENT="." WIDTH="8" HPOS="417" VPOS="970" ID="st2-183"/><SP/><String HEIGHT="27" CONTENT="Among" WIDTH="89" HPOS="435" VPOS="970" ID="st2-184"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="534" VPOS="970" ID="st2-185"/><SP/><String HEIGHT="27" CONTENT="skeptics" WIDTH="93" HPOS="582" VPOS="970" ID="st2-186"/><SP/><String HEIGHT="27" CONTENT="we" WIDTH="36" HPOS="685" VPOS="970" ID="st2-187"/><SP/><String HEIGHT="27" CONTENT="find" WIDTH="46" HPOS="731" VPOS="970" ID="st2-188"/></TextLine><TextLine HPOS="197" VPOS="1004" ID="tl2-25" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="Robert" WIDTH="78" HPOS="197" VPOS="1004" ID="st2-189"/><SP/><String HEIGHT="26" CONTENT="Solow" WIDTH="66" HPOS="284" VPOS="1004" ID="st2-190"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="350" VPOS="1004" ID="st2-191"/><SP/><String HEIGHT="26" CONTENT="George" WIDTH="88" HPOS="372" VPOS="1004" ID="st2-192"/><SP/><String HEIGHT="26" CONTENT="Ackerloff" WIDTH="108" HPOS="469" VPOS="1004" ID="st2-193"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="586" VPOS="1004" ID="st2-194"/><SP/><String HEIGHT="26" CONTENT="Robert" WIDTH="79" HPOS="639" VPOS="1004" ID="st2-195"/><SP/><String HEIGHT="26" CONTENT="Shil" WIDTH="41" HPOS="726" VPOS="1004" ID="st2-196" SUBS_TYPE="HypPart1" SUBS_CONTENT="Shiller"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1004" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1037" ID="tl2-26" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="ler" WIDTH="27" HPOS="197" VPOS="1037" ID="st2-197" SUBS_TYPE="HypPart2" SUBS_CONTENT="Shiller"/><String HEIGHT="26" CONTENT="," WIDTH="10" HPOS="224" VPOS="1037" ID="st2-198"/><SP/><String HEIGHT="26" CONTENT="Willem" WIDTH="82" HPOS="246" VPOS="1037" ID="st2-199"/><SP/><String HEIGHT="26" CONTENT="Buiter" WIDTH="66" HPOS="340" VPOS="1037" ID="st2-200"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="406" VPOS="1037" ID="st2-201"/><SP/><String HEIGHT="26" CONTENT="Paul" WIDTH="50" HPOS="429" VPOS="1037" ID="st2-202"/><SP/><String HEIGHT="26" CONTENT="Krugman" WIDTH="110" HPOS="491" VPOS="1037" ID="st2-203"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="613" VPOS="1037" ID="st2-204"/><SP/><String HEIGHT="26" CONTENT="Dani" WIDTH="55" HPOS="670" VPOS="1037" ID="st2-205"/><SP/><String HEIGHT="26" CONTENT="Ro" WIDTH="27" HPOS="737" VPOS="1037" ID="st2-206" SUBS_TYPE="HypPart1" SUBS_CONTENT="Rodrik"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1037" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1070" ID="tl2-27" WIDTH="44" HEIGHT="27"><String HEIGHT="27" CONTENT="drik" WIDTH="44" HPOS="197" VPOS="1070" ID="st2-207" SUBS_TYPE="HypPart2" SUBS_CONTENT="Rodrik"/></TextLine><TextLine HPOS="243" VPOS="1066" ID="tl2-28" WIDTH="7" HEIGHT="13"><String HEIGHT="13" CONTENT="1" WIDTH="7" HPOS="243" VPOS="1066" ID="st2-208"/></TextLine><TextLine HPOS="252" VPOS="1070" ID="tl2-29" WIDTH="525" HEIGHT="27"><String HEIGHT="27" CONTENT="." WIDTH="7" HPOS="252" VPOS="1070" ID="st2-209"/><SP/><String HEIGHT="27" CONTENT="One" WIDTH="50" HPOS="272" VPOS="1070" ID="st2-210"/><SP/><String HEIGHT="27" CONTENT="seemingly" WIDTH="118" HPOS="335" VPOS="1070" ID="st2-211"/><SP/><String HEIGHT="27" CONTENT="shared" WIDTH="78" HPOS="466" VPOS="1070" ID="st2-212"/><SP/><String HEIGHT="27" CONTENT="view" WIDTH="54" HPOS="558" VPOS="1070" ID="st2-213"/><SP/><String HEIGHT="27" CONTENT="among" WIDTH="83" HPOS="625" VPOS="1070" ID="st2-214"/><SP/><String HEIGHT="27" CONTENT="both" WIDTH="55" HPOS="722" VPOS="1070" ID="st2-215"/></TextLine><TextLine HPOS="197" VPOS="1104" ID="tl2-30" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="heterodox" WIDTH="120" HPOS="197" VPOS="1104" ID="st2-216"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="332" VPOS="1104" ID="st2-217"/><SP/><String HEIGHT="26" CONTENT="mainstream" WIDTH="139" HPOS="393" VPOS="1104" ID="st2-218"/><SP/><String HEIGHT="26" CONTENT="critics" WIDTH="66" HPOS="547" VPOS="1104" ID="st2-219"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="629" VPOS="1104" ID="st2-220"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="661" VPOS="1104" ID="st2-221"/><SP/><String HEIGHT="26" CONTENT="con" WIDTH="39" HPOS="725" VPOS="1104" ID="st2-222" SUBS_TYPE="HypPart1" SUBS_CONTENT="contemporary"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1104" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1137" ID="tl2-31" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="temporary" WIDTH="121" HPOS="197" VPOS="1137" ID="st2-223" SUBS_TYPE="HypPart2" SUBS_CONTENT="contemporary"/><SP/><String HEIGHT="26" CONTENT="mainstream" WIDTH="139" HPOS="328" VPOS="1137" ID="st2-224"/><SP/><String HEIGHT="26" CONTENT="macroeconomics" WIDTH="199" HPOS="476" VPOS="1137" ID="st2-225"/><SP/><String HEIGHT="26" CONTENT="has" WIDTH="41" HPOS="684" VPOS="1137" ID="st2-226"/><SP/><String HEIGHT="26" CONTENT="sys" WIDTH="33" HPOS="734" VPOS="1137" ID="st2-227" SUBS_TYPE="HypPart1" SUBS_CONTENT="systematically"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1137" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1170" ID="tl2-32" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="tematically" WIDTH="126" HPOS="197" VPOS="1170" ID="st2-228" SUBS_TYPE="HypPart2" SUBS_CONTENT="systematically"/><SP/><String HEIGHT="27" CONTENT="neglected" WIDTH="116" HPOS="334" VPOS="1170" ID="st2-229"/><SP/><String HEIGHT="27" CONTENT="important" WIDTH="117" HPOS="462" VPOS="1170" ID="st2-230"/><SP/><String HEIGHT="27" CONTENT="knowledge" WIDTH="131" HPOS="590" VPOS="1170" ID="st2-231"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="732" VPOS="1170" ID="st2-232"/></TextLine><TextLine HPOS="197" VPOS="1204" ID="tl2-33" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="insights" WIDTH="89" HPOS="197" VPOS="1204" ID="st2-233"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="303" VPOS="1204" ID="st2-234"/><SP/><String HEIGHT="26" CONTENT="were" WIDTH="59" HPOS="367" VPOS="1204" ID="st2-235"/><SP/><String HEIGHT="26" CONTENT="widely" WIDTH="76" HPOS="443" VPOS="1204" ID="st2-236"/><SP/><String HEIGHT="26" CONTENT="known" WIDTH="82" HPOS="535" VPOS="1204" ID="st2-237"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="28" HPOS="634" VPOS="1204" ID="st2-238"/><SP/><String HEIGHT="26" CONTENT="previous" WIDTH="99" HPOS="678" VPOS="1204" ID="st2-239"/></TextLine><TextLine HPOS="197" VPOS="1237" ID="tl2-34" WIDTH="319" HEIGHT="26"><String HEIGHT="26" CONTENT="generations" WIDTH="139" HPOS="197" VPOS="1237" ID="st2-240"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="343" VPOS="1237" ID="st2-241"/><SP/><String HEIGHT="26" CONTENT="economists" WIDTH="127" HPOS="376" VPOS="1237" ID="st2-242"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="503" VPOS="1237" ID="st2-243"/></TextLine><TextLine HPOS="197" VPOS="1287" ID="tl2-35" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="A" WIDTH="18" HPOS="197" VPOS="1287" ID="st2-244"/><SP/><String HEIGHT="26" CONTENT="key" WIDTH="40" HPOS="231" VPOS="1287" ID="st2-245"/><SP/><String HEIGHT="26" CONTENT="insight" WIDTH="79" HPOS="287" VPOS="1287" ID="st2-246"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="381" VPOS="1287" ID="st2-247"/><SP/><String HEIGHT="26" CONTENT="Structuralist" WIDTH="140" HPOS="422" VPOS="1287" ID="st2-248"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="578" VPOS="1287" ID="st2-249"/><SP/><String HEIGHT="26" CONTENT="Institutional" WIDTH="139" HPOS="638" VPOS="1287" ID="st2-250"/></TextLine><TextLine HPOS="197" VPOS="1320" ID="tl2-36" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="economics" WIDTH="125" HPOS="197" VPOS="1320" ID="st2-251"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="335" VPOS="1320" ID="st2-252"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="365" VPOS="1320" ID="st2-253"/><SP/><String HEIGHT="27" CONTENT="economic" WIDTH="114" HPOS="426" VPOS="1320" ID="st2-254"/><SP/><String HEIGHT="27" CONTENT="behavior" WIDTH="102" HPOS="553" VPOS="1320" ID="st2-255"/><SP/><String HEIGHT="27" CONTENT="does" WIDTH="56" HPOS="668" VPOS="1320" ID="st2-256"/><SP/><String HEIGHT="27" CONTENT="not" WIDTH="40" HPOS="737" VPOS="1320" ID="st2-257"/></TextLine><TextLine HPOS="197" VPOS="1354" ID="tl2-37" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="necessarily" WIDTH="125" HPOS="197" VPOS="1354" ID="st2-258"/><SP/><String HEIGHT="26" CONTENT="replicate" WIDTH="101" HPOS="330" VPOS="1354" ID="st2-259"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="439" VPOS="1354" ID="st2-260"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="470" VPOS="1354" ID="st2-261"/><SP/><String HEIGHT="26" CONTENT="same" WIDTH="62" HPOS="517" VPOS="1354" ID="st2-262"/><SP/><String HEIGHT="26" CONTENT="way" WIDTH="48" HPOS="587" VPOS="1354" ID="st2-263"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="644" VPOS="1354" ID="st2-264"/><SP/><String HEIGHT="26" CONTENT="all" WIDTH="26" HPOS="674" VPOS="1354" ID="st2-265"/><SP/><String HEIGHT="26" CONTENT="coun" WIDTH="55" HPOS="709" VPOS="1354" ID="st2-266" SUBS_TYPE="HypPart1" SUBS_CONTENT="countries"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1354" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1387" ID="tl2-38" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="tries" WIDTH="47" HPOS="197" VPOS="1387" ID="st2-267" SUBS_TYPE="HypPart2" SUBS_CONTENT="countries"/><String HEIGHT="26" CONTENT="." WIDTH="10" HPOS="244" VPOS="1387" ID="st2-268"/><SP/><String HEIGHT="26" CONTENT="This" WIDTH="47" HPOS="265" VPOS="1387" ID="st2-269"/><SP/><String HEIGHT="26" CONTENT="article" WIDTH="71" HPOS="324" VPOS="1387" ID="st2-270"/><SP/><String HEIGHT="26" CONTENT="focuses" WIDTH="88" HPOS="407" VPOS="1387" ID="st2-271"/><SP/><String HEIGHT="26" CONTENT="on" WIDTH="30" HPOS="507" VPOS="1387" ID="st2-272"/><SP/><String HEIGHT="26" CONTENT="two" WIDTH="47" HPOS="549" VPOS="1387" ID="st2-273"/><SP/><String HEIGHT="26" CONTENT="important" WIDTH="117" HPOS="608" VPOS="1387" ID="st2-274"/><SP/><String HEIGHT="26" CONTENT="dif" WIDTH="30" HPOS="737" VPOS="1387" ID="st2-275" SUBS_TYPE="HypPart1" SUBS_CONTENT="differences"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1387" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1420" ID="tl2-39" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="ferences" WIDTH="99" HPOS="197" VPOS="1420" ID="st2-276" SUBS_TYPE="HypPart2" SUBS_CONTENT="differences"/><SP/><String HEIGHT="27" CONTENT="between" WIDTH="104" HPOS="316" VPOS="1420" ID="st2-277"/><SP/><String HEIGHT="27" CONTENT="developed" WIDTH="122" HPOS="440" VPOS="1420" ID="st2-278"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="582" VPOS="1420" ID="st2-279"/><SP/><String HEIGHT="27" CONTENT="developing" WIDTH="129" HPOS="648" VPOS="1420" ID="st2-280"/></TextLine><TextLine HPOS="197" VPOS="1454" ID="tl2-40" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="197" VPOS="1454" ID="st2-281"/><SP/><String HEIGHT="26" CONTENT="regarding" WIDTH="114" HPOS="314" VPOS="1454" ID="st2-282"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="437" VPOS="1454" ID="st2-283"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="61" HPOS="544" VPOS="1454" ID="st2-284"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="605" VPOS="1454" ID="st2-285"/><SP/><String HEIGHT="26" CONTENT="Section" WIDTH="86" HPOS="625" VPOS="1454" ID="st2-286"/><SP/><String HEIGHT="26" CONTENT="2" WIDTH="15" HPOS="720" VPOS="1454" ID="st2-287"/><SP/><String HEIGHT="26" CONTENT="ar" WIDTH="22" HPOS="744" VPOS="1454" ID="st2-288" SUBS_TYPE="HypPart1" SUBS_CONTENT="ar1"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="1454" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1538" ID="tl2-41" WIDTH="580" HEIGHT="24"><String HEIGHT="24" CONTENT="1" WIDTH="13" HPOS="197" VPOS="1538" ID="st2-289" SUBS_TYPE="HypPart2" SUBS_CONTENT="ar1"/><SP/><String HEIGHT="24" CONTENT="See" WIDTH="37" HPOS="228" VPOS="1538" ID="st2-290"/><SP/><String HEIGHT="24" CONTENT="Solow" WIDTH="60" HPOS="274" VPOS="1538" ID="st2-291"/><String HEIGHT="24" CONTENT="," WIDTH="12" HPOS="334" VPOS="1538" ID="st2-292"/><SP/><String HEIGHT="24" CONTENT="R" WIDTH="10" HPOS="355" VPOS="1538" ID="st2-293"/><String HEIGHT="24" CONTENT="." WIDTH="10" HPOS="365" VPOS="1538" ID="st2-294"/><SP/><String HEIGHT="24" CONTENT="2008" WIDTH="49" HPOS="384" VPOS="1538" ID="st2-295"/><String HEIGHT="24" CONTENT="." WIDTH="13" HPOS="433" VPOS="1538" ID="st2-296"/><SP/><String HEIGHT="24" CONTENT="Comments" WIDTH="116" HPOS="455" VPOS="1538" ID="st2-297"/><SP/><String HEIGHT="24" CONTENT="on" WIDTH="28" HPOS="580" VPOS="1538" ID="st2-298"/><String HEIGHT="24" CONTENT="“" WIDTH="14" HPOS="616" VPOS="1538" ID="st2-299"/><String HEIGHT="24" CONTENT="Modern" WIDTH="85" HPOS="630" VPOS="1538" ID="st2-300"/><SP/><String HEIGHT="24" CONTENT="Mac" WIDTH="41" HPOS="723" VPOS="1538" ID="st2-301" SUBS_TYPE="HypPart1" SUBS_CONTENT="Macroeconomics"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1538" HEIGHT="24"/></TextLine><TextLine HPOS="228" VPOS="1567" ID="tl2-42" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="roeconomics" WIDTH="135" HPOS="228" VPOS="1567" ID="st2-302" SUBS_TYPE="HypPart2" SUBS_CONTENT="Macroeconomics"/><SP/><String HEIGHT="24" CONTENT="in" WIDTH="20" HPOS="376" VPOS="1567" ID="st2-303"/><SP/><String HEIGHT="24" CONTENT="Practice" WIDTH="78" HPOS="410" VPOS="1567" ID="st2-304"/><String HEIGHT="24" CONTENT=":" WIDTH="10" HPOS="488" VPOS="1567" ID="st2-305"/><SP/><String HEIGHT="24" CONTENT="How" WIDTH="50" HPOS="512" VPOS="1567" ID="st2-306"/><SP/><String HEIGHT="24" CONTENT="Theory" WIDTH="72" HPOS="576" VPOS="1567" ID="st2-307"/><SP/><String HEIGHT="24" CONTENT="is" WIDTH="15" HPOS="662" VPOS="1567" ID="st2-308"/><SP/><String HEIGHT="24" CONTENT="Shaping" WIDTH="86" HPOS="691" VPOS="1567" ID="st2-309"/></TextLine><TextLine HPOS="228" VPOS="1596" ID="tl2-43" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="Policy" WIDTH="63" HPOS="228" VPOS="1596" ID="st2-310"/><String HEIGHT="24" CONTENT="”" WIDTH="11" HPOS="291" VPOS="1596" ID="st2-311"/><SP/><String HEIGHT="24" CONTENT="by" WIDTH="25" HPOS="310" VPOS="1596" ID="st2-312"/><SP/><String HEIGHT="24" CONTENT="V" WIDTH="11" HPOS="343" VPOS="1596" ID="st2-313"/><String HEIGHT="24" CONTENT="." WIDTH="11" HPOS="354" VPOS="1596" ID="st2-314"/><SP/><String HEIGHT="24" CONTENT="V" WIDTH="11" HPOS="373" VPOS="1596" ID="st2-315"/><String HEIGHT="24" CONTENT="." WIDTH="11" HPOS="384" VPOS="1596" ID="st2-316"/><SP/><String HEIGHT="24" CONTENT="Chari" WIDTH="57" HPOS="403" VPOS="1596" ID="st2-317"/><SP/><String HEIGHT="24" CONTENT="and" WIDTH="40" HPOS="468" VPOS="1596" ID="st2-318"/><SP/><String HEIGHT="24" CONTENT="Patrick" WIDTH="71" HPOS="516" VPOS="1596" ID="st2-319"/><SP/><String HEIGHT="24" CONTENT="J" WIDTH="7" HPOS="595" VPOS="1596" ID="st2-320"/><String HEIGHT="24" CONTENT="." WIDTH="8" HPOS="602" VPOS="1596" ID="st2-321"/><SP/><String HEIGHT="24" CONTENT="Kehoe" WIDTH="62" HPOS="618" VPOS="1596" ID="st2-322"/><String HEIGHT="24" CONTENT="." WIDTH="13" HPOS="680" VPOS="1596" ID="st2-323"/><SP/><String HEIGHT="24" CONTENT="Journal" WIDTH="76" HPOS="701" VPOS="1596" ID="st2-324"/></TextLine><TextLine HPOS="228" VPOS="1625" ID="tl2-44" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="228" VPOS="1625" ID="st2-325"/><SP/><String HEIGHT="24" CONTENT="Economic" WIDTH="102" HPOS="259" VPOS="1625" ID="st2-326"/><SP/><String HEIGHT="24" CONTENT="Perspectives" WIDTH="124" HPOS="370" VPOS="1625" ID="st2-327"/><String HEIGHT="24" CONTENT="." WIDTH="11" HPOS="494" VPOS="1625" ID="st2-328"/><SP/><String HEIGHT="24" CONTENT="vol" WIDTH="28" HPOS="513" VPOS="1625" ID="st2-329"/><String HEIGHT="24" CONTENT="." WIDTH="10" HPOS="541" VPOS="1625" ID="st2-330"/><SP/><String HEIGHT="24" CONTENT="22" WIDTH="23" HPOS="559" VPOS="1625" ID="st2-331"/><String HEIGHT="24" CONTENT="," WIDTH="12" HPOS="582" VPOS="1625" ID="st2-332"/><SP/><String HEIGHT="24" CONTENT="Number" WIDTH="86" HPOS="602" VPOS="1625" ID="st2-333"/><SP/><String HEIGHT="24" CONTENT="1" WIDTH="10" HPOS="696" VPOS="1625" ID="st2-334"/><String HEIGHT="24" CONTENT="," WIDTH="11" HPOS="706" VPOS="1625" ID="st2-335"/><SP/><String HEIGHT="24" CONTENT="Win" WIDTH="39" HPOS="726" VPOS="1625" ID="st2-336" SUBS_TYPE="HypPart1" SUBS_CONTENT="Winter"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="1625" HEIGHT="24"/></TextLine><TextLine HPOS="228" VPOS="1654" ID="tl2-45" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="ter" WIDTH="29" HPOS="228" VPOS="1654" ID="st2-337" SUBS_TYPE="HypPart2" SUBS_CONTENT="Winter"/><SP/><String HEIGHT="24" CONTENT="2008" WIDTH="50" HPOS="271" VPOS="1654" ID="st2-338"/><String HEIGHT="24" CONTENT="," WIDTH="13" HPOS="321" VPOS="1654" ID="st2-339"/><SP/><String HEIGHT="24" CONTENT="243–249" WIDTH="85" HPOS="348" VPOS="1654" ID="st2-340"/><String HEIGHT="24" CONTENT="." WIDTH="12" HPOS="433" VPOS="1654" ID="st2-341"/><String HEIGHT="24" CONTENT="," WIDTH="13" HPOS="445" VPOS="1654" ID="st2-342"/><SP/><String HEIGHT="24" CONTENT="Akerlof" WIDTH="73" HPOS="472" VPOS="1654" ID="st2-343"/><String HEIGHT="24" CONTENT="," WIDTH="11" HPOS="545" VPOS="1654" ID="st2-344"/><SP/><String HEIGHT="24" CONTENT="G" WIDTH="10" HPOS="571" VPOS="1654" ID="st2-345"/><String HEIGHT="24" CONTENT="." WIDTH="11" HPOS="581" VPOS="1654" ID="st2-346"/><String HEIGHT="24" CONTENT="," WIDTH="11" HPOS="592" VPOS="1654" ID="st2-347"/><SP/><String HEIGHT="24" CONTENT="and" WIDTH="40" HPOS="617" VPOS="1654" ID="st2-348"/><SP/><String HEIGHT="24" CONTENT="Shiller" WIDTH="62" HPOS="671" VPOS="1654" ID="st2-349"/><String HEIGHT="24" CONTENT="," WIDTH="9" HPOS="733" VPOS="1654" ID="st2-350"/><SP/><String HEIGHT="24" CONTENT="R" WIDTH="10" HPOS="756" VPOS="1654" ID="st2-351"/><String HEIGHT="24" CONTENT="." WIDTH="11" HPOS="766" VPOS="1654" ID="st2-352"/></TextLine><TextLine HPOS="228" VPOS="1683" ID="tl2-46" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="2009" WIDTH="50" HPOS="228" VPOS="1683" ID="st2-353"/><String HEIGHT="24" CONTENT="." WIDTH="13" HPOS="278" VPOS="1683" ID="st2-354"/><SP/><String HEIGHT="24" CONTENT="Animal" WIDTH="75" HPOS="305" VPOS="1683" ID="st2-355"/><SP/><String HEIGHT="24" CONTENT="Spirits" WIDTH="62" HPOS="394" VPOS="1683" ID="st2-356"/><String HEIGHT="24" CONTENT="," WIDTH="9" HPOS="456" VPOS="1683" ID="st2-357"/><SP/><String HEIGHT="24" CONTENT="Princeton" WIDTH="100" HPOS="479" VPOS="1683" ID="st2-358"/><SP/><String HEIGHT="24" CONTENT="University" WIDTH="103" HPOS="593" VPOS="1683" ID="st2-359"/><SP/><String HEIGHT="24" CONTENT="Press" WIDTH="47" HPOS="710" VPOS="1683" ID="st2-360"/><String HEIGHT="24" CONTENT="." WIDTH="10" HPOS="757" VPOS="1683" ID="st2-361"/><String HEIGHT="24" CONTENT="," WIDTH="10" HPOS="767" VPOS="1683" ID="st2-362"/></TextLine><TextLine HPOS="228" VPOS="1713" ID="tl2-47" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="Buiter" WIDTH="59" HPOS="228" VPOS="1713" ID="st2-363"/><String HEIGHT="23" CONTENT="," WIDTH="10" HPOS="287" VPOS="1713" ID="st2-364"/><SP/><String HEIGHT="23" CONTENT="W" WIDTH="15" HPOS="310" VPOS="1713" ID="st2-365"/><String HEIGHT="23" CONTENT="." WIDTH="16" HPOS="325" VPOS="1713" ID="st2-366"/><SP/><String HEIGHT="23" CONTENT="2009" WIDTH="49" HPOS="354" VPOS="1713" ID="st2-367"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="403" VPOS="1713" ID="st2-368"/><SP/><String HEIGHT="23" CONTENT="The" WIDTH="39" HPOS="429" VPOS="1713" ID="st2-369"/><SP/><String HEIGHT="23" CONTENT="unfortunate" WIDTH="128" HPOS="481" VPOS="1713" ID="st2-370"/><SP/><String HEIGHT="23" CONTENT="uselessness" WIDTH="120" HPOS="622" VPOS="1713" ID="st2-371"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="23" HPOS="754" VPOS="1713" ID="st2-372"/></TextLine><TextLine HPOS="228" VPOS="1742" ID="tl2-48" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="most" WIDTH="53" HPOS="228" VPOS="1742" ID="st2-373"/><String HEIGHT="23" CONTENT="‘" WIDTH="9" HPOS="288" VPOS="1742" ID="st2-374"/><String HEIGHT="23" CONTENT="state" WIDTH="49" HPOS="297" VPOS="1742" ID="st2-375"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="22" HPOS="353" VPOS="1742" ID="st2-376"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="382" VPOS="1742" ID="st2-377"/><SP/><String HEIGHT="23" CONTENT="art" WIDTH="27" HPOS="424" VPOS="1742" ID="st2-378"/><String HEIGHT="23" CONTENT="’" WIDTH="9" HPOS="451" VPOS="1742" ID="st2-379"/><SP/><String HEIGHT="23" CONTENT="academic" WIDTH="100" HPOS="467" VPOS="1742" ID="st2-380"/><SP/><String HEIGHT="23" CONTENT="monetary" WIDTH="102" HPOS="574" VPOS="1742" ID="st2-381"/><SP/><String HEIGHT="23" CONTENT="econom" WIDTH="81" HPOS="683" VPOS="1742" ID="st2-382" SUBS_TYPE="HypPart1" SUBS_CONTENT="economics"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1742" HEIGHT="23"/></TextLine><TextLine HPOS="228" VPOS="1771" ID="tl2-49" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="ics" WIDTH="24" HPOS="228" VPOS="1771" ID="st2-383" SUBS_TYPE="HypPart2" SUBS_CONTENT="economics"/><String HEIGHT="23" CONTENT="," WIDTH="9" HPOS="252" VPOS="1771" ID="st2-384"/><SP/><String HEIGHT="23" CONTENT="Willem" WIDTH="73" HPOS="309" VPOS="1771" ID="st2-385"/><SP/><String HEIGHT="23" CONTENT="Buiter" WIDTH="59" HPOS="430" VPOS="1771" ID="st2-386"/><String HEIGHT="23" CONTENT="’" WIDTH="10" HPOS="489" VPOS="1771" ID="st2-387"/><String HEIGHT="23" CONTENT="s" WIDTH="10" HPOS="499" VPOS="1771" ID="st2-388"/><SP/><String HEIGHT="23" CONTENT="Maverecon" WIDTH="118" HPOS="557" VPOS="1771" ID="st2-389"/><SP/><String HEIGHT="23" CONTENT="blog" WIDTH="43" HPOS="723" VPOS="1771" ID="st2-390"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="766" VPOS="1771" ID="st2-391"/></TextLine><TextLine HPOS="228" VPOS="1800" ID="tl2-50" WIDTH="469" HEIGHT="23"><String HEIGHT="23" CONTENT="http" WIDTH="44" HPOS="228" VPOS="1800" ID="st2-392"/><String HEIGHT="23" CONTENT=":" WIDTH="11" HPOS="272" VPOS="1800" ID="st2-393"/><String HEIGHT="23" CONTENT="//blogs" WIDTH="79" HPOS="283" VPOS="1800" ID="st2-394"/><String HEIGHT="23" CONTENT="." WIDTH="11" HPOS="362" VPOS="1800" ID="st2-395"/><String HEIGHT="23" CONTENT="ft" WIDTH="22" HPOS="373" VPOS="1800" ID="st2-396"/><String HEIGHT="23" CONTENT="." WIDTH="11" HPOS="395" VPOS="1800" ID="st2-397"/><String HEIGHT="23" CONTENT="com/maverecon/2009/03/the" WIDTH="280" HPOS="406" VPOS="1800" ID="st2-398" SUBS_TYPE="HypPart1" SUBS_CONTENT="com/maverecon/2009/03/theunfortunate"/><HYP CONTENT="-" WIDTH="11" HPOS="686" VPOS="1800" HEIGHT="23"/></TextLine><TextLine HPOS="228" VPOS="1829" ID="tl2-51" WIDTH="526" HEIGHT="23"><String HEIGHT="23" CONTENT="unfortunate" WIDTH="118" HPOS="228" VPOS="1829" ID="st2-399" SUBS_TYPE="HypPart2" SUBS_CONTENT="com/maverecon/2009/03/theunfortunate"/><String HEIGHT="23" CONTENT="-" WIDTH="10" HPOS="346" VPOS="1829" ID="st2-400"/><String HEIGHT="23" CONTENT="uselessness" WIDTH="118" HPOS="356" VPOS="1829" ID="st2-401"/><String HEIGHT="23" CONTENT="-" WIDTH="11" HPOS="474" VPOS="1829" ID="st2-402"/><String HEIGHT="23" CONTENT="of" WIDTH="22" HPOS="485" VPOS="1829" ID="st2-403"/><String HEIGHT="23" CONTENT="-" WIDTH="10" HPOS="507" VPOS="1829" ID="st2-404"/><String HEIGHT="23" CONTENT="most" WIDTH="43" HPOS="517" VPOS="1829" ID="st2-405"/><String HEIGHT="23" CONTENT="-" WIDTH="11" HPOS="560" VPOS="1829" ID="st2-406"/><String HEIGHT="23" CONTENT="state" WIDTH="54" HPOS="571" VPOS="1829" ID="st2-407"/><String HEIGHT="23" CONTENT="-" WIDTH="10" HPOS="625" VPOS="1829" ID="st2-408"/><String HEIGHT="23" CONTENT="of" WIDTH="22" HPOS="635" VPOS="1829" ID="st2-409"/><String HEIGHT="23" CONTENT="-" WIDTH="11" HPOS="657" VPOS="1829" ID="st2-410"/><String HEIGHT="23" CONTENT="the" WIDTH="32" HPOS="668" VPOS="1829" ID="st2-411"/><String HEIGHT="23" CONTENT="-" WIDTH="11" HPOS="700" VPOS="1829" ID="st2-412"/><String HEIGHT="23" CONTENT="art" WIDTH="33" HPOS="711" VPOS="1829" ID="st2-413" SUBS_TYPE="HypPart1" SUBS_CONTENT="artacademic"/><HYP CONTENT="-" WIDTH="10" HPOS="744" VPOS="1829" HEIGHT="23"/></TextLine><TextLine HPOS="228" VPOS="1858" ID="tl2-52" WIDTH="337" HEIGHT="23"><String HEIGHT="23" CONTENT="academic" WIDTH="96" HPOS="228" VPOS="1858" ID="st2-414" SUBS_TYPE="HypPart2" SUBS_CONTENT="artacademic"/><String HEIGHT="23" CONTENT="-" WIDTH="12" HPOS="324" VPOS="1858" ID="st2-415"/><String HEIGHT="23" CONTENT="monetary" WIDTH="96" HPOS="336" VPOS="1858" ID="st2-416"/><String HEIGHT="23" CONTENT="-" WIDTH="12" HPOS="432" VPOS="1858" ID="st2-417"/><String HEIGHT="23" CONTENT="economics" WIDTH="108" HPOS="444" VPOS="1858" ID="st2-418"/><String HEIGHT="23" CONTENT="/" WIDTH="13" HPOS="552" VPOS="1858" ID="st2-419"/></TextLine><TextLine HPOS="592" VPOS="1858" ID="tl2-53" WIDTH="185" HEIGHT="23"><String HEIGHT="23" CONTENT="," WIDTH="7" HPOS="592" VPOS="1858" ID="st2-420"/><SP/><String HEIGHT="23" CONTENT="Krugman" WIDTH="91" HPOS="626" VPOS="1858" ID="st2-421"/><String HEIGHT="23" CONTENT="," WIDTH="14" HPOS="717" VPOS="1858" ID="st2-422"/><SP/><String HEIGHT="23" CONTENT="P" WIDTH="9" HPOS="758" VPOS="1858" ID="st2-423"/><String HEIGHT="23" CONTENT="." WIDTH="10" HPOS="767" VPOS="1858" ID="st2-424"/></TextLine><TextLine HPOS="228" VPOS="1887" ID="tl2-54" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="2009" WIDTH="50" HPOS="228" VPOS="1887" ID="st2-425"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="278" VPOS="1887" ID="st2-426"/><SP/><String HEIGHT="23" CONTENT="A" WIDTH="16" HPOS="301" VPOS="1887" ID="st2-427"/><SP/><String HEIGHT="23" CONTENT="dark" WIDTH="48" HPOS="327" VPOS="1887" ID="st2-428"/><SP/><String HEIGHT="23" CONTENT="age" WIDTH="39" HPOS="385" VPOS="1887" ID="st2-429"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="22" HPOS="434" VPOS="1887" ID="st2-430"/><SP/><String HEIGHT="23" CONTENT="macroeconomics" WIDTH="173" HPOS="466" VPOS="1887" ID="st2-431"/><String HEIGHT="23" CONTENT="," WIDTH="13" HPOS="639" VPOS="1887" ID="st2-432"/><SP/><String HEIGHT="23" CONTENT="Paul" WIDTH="45" HPOS="662" VPOS="1887" ID="st2-433"/><SP/><String HEIGHT="23" CONTENT="Krug" WIDTH="48" HPOS="717" VPOS="1887" ID="st2-434" SUBS_TYPE="HypPart1" SUBS_CONTENT="Krugman"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="1887" HEIGHT="23"/></TextLine><TextLine HPOS="228" VPOS="1916" ID="tl2-55" WIDTH="125" HEIGHT="23"><String HEIGHT="23" CONTENT="man" WIDTH="38" HPOS="228" VPOS="1916" ID="st2-435" SUBS_TYPE="HypPart2" SUBS_CONTENT="Krugman"/><String HEIGHT="23" CONTENT="’" WIDTH="13" HPOS="266" VPOS="1916" ID="st2-436"/><String HEIGHT="23" CONTENT="s" WIDTH="13" HPOS="279" VPOS="1916" ID="st2-437"/><SP/><String HEIGHT="23" CONTENT="blog" WIDTH="43" HPOS="299" VPOS="1916" ID="st2-438"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="342" VPOS="1916" ID="st2-439"/></TextLine><TextLine HPOS="228" VPOS="1945" ID="tl2-56" WIDTH="527" HEIGHT="23"><String HEIGHT="23" CONTENT="http" WIDTH="45" HPOS="228" VPOS="1945" ID="st2-440"/><String HEIGHT="23" CONTENT=":" WIDTH="12" HPOS="273" VPOS="1945" ID="st2-441"/><String HEIGHT="23" CONTENT="//krugman" WIDTH="103" HPOS="285" VPOS="1945" ID="st2-442"/><String HEIGHT="23" CONTENT="." WIDTH="11" HPOS="388" VPOS="1945" ID="st2-443"/><String HEIGHT="23" CONTENT="blogs" WIDTH="58" HPOS="399" VPOS="1945" ID="st2-444"/><String HEIGHT="23" CONTENT="." WIDTH="11" HPOS="457" VPOS="1945" ID="st2-445"/><String HEIGHT="23" CONTENT="nytimes" WIDTH="80" HPOS="468" VPOS="1945" ID="st2-446"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="548" VPOS="1945" ID="st2-447"/><String HEIGHT="23" CONTENT="com/2009/01/27/a" WIDTH="184" HPOS="560" VPOS="1945" ID="st2-448" SUBS_TYPE="HypPart1" SUBS_CONTENT="com/2009/01/27/adark"/><HYP CONTENT="-" WIDTH="11" HPOS="744" VPOS="1945" HEIGHT="23"/></TextLine><TextLine HPOS="228" VPOS="1974" ID="tl2-57" WIDTH="431" HEIGHT="23"><String HEIGHT="23" CONTENT="dark" WIDTH="46" HPOS="228" VPOS="1974" ID="st2-449" SUBS_TYPE="HypPart2" SUBS_CONTENT="com/2009/01/27/adark"/><String HEIGHT="23" CONTENT="-" WIDTH="12" HPOS="274" VPOS="1974" ID="st2-450"/><String HEIGHT="23" CONTENT="age" WIDTH="35" HPOS="286" VPOS="1974" ID="st2-451"/><String HEIGHT="23" CONTENT="-" WIDTH="11" HPOS="321" VPOS="1974" ID="st2-452"/><String HEIGHT="23" CONTENT="of" WIDTH="24" HPOS="332" VPOS="1974" ID="st2-453"/><String HEIGHT="23" CONTENT="-" WIDTH="11" HPOS="356" VPOS="1974" ID="st2-454"/><String HEIGHT="23" CONTENT="macroeconomics" WIDTH="163" HPOS="367" VPOS="1974" ID="st2-455"/><String HEIGHT="23" CONTENT="-" WIDTH="12" HPOS="530" VPOS="1974" ID="st2-456"/><String HEIGHT="23" CONTENT="wonkish/" WIDTH="93" HPOS="542" VPOS="1974" ID="st2-457"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="635" VPOS="1974" ID="st2-458"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="647" VPOS="1974" ID="st2-459"/></TextLine><TextLine HPOS="669" VPOS="1974" ID="tl2-58" WIDTH="108" HEIGHT="23"><String HEIGHT="23" CONTENT="Rodrik" WIDTH="64" HPOS="669" VPOS="1974" ID="st2-460"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="733" VPOS="1974" ID="st2-461"/><SP/><String HEIGHT="23" CONTENT="D" WIDTH="11" HPOS="754" VPOS="1974" ID="st2-462"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="765" VPOS="1974" ID="st2-463"/></TextLine><TextLine HPOS="228" VPOS="2003" ID="tl2-59" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="2009" WIDTH="50" HPOS="228" VPOS="2003" ID="st2-464"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="278" VPOS="2003" ID="st2-465"/><SP/><String HEIGHT="23" CONTENT="The" WIDTH="39" HPOS="303" VPOS="2003" ID="st2-466"/><SP/><String HEIGHT="23" CONTENT="sorry" WIDTH="52" HPOS="354" VPOS="2003" ID="st2-467"/><SP/><String HEIGHT="23" CONTENT="state" WIDTH="51" HPOS="418" VPOS="2003" ID="st2-468"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="22" HPOS="482" VPOS="2003" ID="st2-469"/><String HEIGHT="23" CONTENT="(" WIDTH="11" HPOS="516" VPOS="2003" ID="st2-470"/><String HEIGHT="23" CONTENT="macro" WIDTH="59" HPOS="527" VPOS="2003" ID="st2-471"/><String HEIGHT="23" CONTENT=")" WIDTH="12" HPOS="586" VPOS="2003" ID="st2-472"/><String HEIGHT="23" CONTENT="economics" WIDTH="106" HPOS="598" VPOS="2003" ID="st2-473"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="704" VPOS="2003" ID="st2-474"/><SP/><String HEIGHT="23" CONTENT="Dani" WIDTH="49" HPOS="728" VPOS="2003" ID="st2-475"/></TextLine><TextLine HPOS="228" VPOS="2032" ID="tl2-60" WIDTH="146" HEIGHT="23"><String HEIGHT="23" CONTENT="Rodrik" WIDTH="63" HPOS="228" VPOS="2032" ID="st2-476"/><String HEIGHT="23" CONTENT="’" WIDTH="11" HPOS="291" VPOS="2032" ID="st2-477"/><String HEIGHT="23" CONTENT="s" WIDTH="11" HPOS="302" VPOS="2032" ID="st2-478"/><SP/><String HEIGHT="23" CONTENT="blog" WIDTH="43" HPOS="320" VPOS="2032" ID="st2-479"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="363" VPOS="2032" ID="st2-480"/></TextLine><TextLine HPOS="228" VPOS="2061" ID="tl2-61" WIDTH="537" HEIGHT="24"><String HEIGHT="24" CONTENT="http" WIDTH="44" HPOS="228" VPOS="2061" ID="st2-481"/><String HEIGHT="24" CONTENT=":" WIDTH="11" HPOS="272" VPOS="2061" ID="st2-482"/><String HEIGHT="24" CONTENT="//rodrik" WIDTH="90" HPOS="283" VPOS="2061" ID="st2-483"/><String HEIGHT="24" CONTENT="." WIDTH="11" HPOS="373" VPOS="2061" ID="st2-484"/><String HEIGHT="24" CONTENT="typepad" WIDTH="78" HPOS="384" VPOS="2061" ID="st2-485"/><String HEIGHT="24" CONTENT="." WIDTH="12" HPOS="462" VPOS="2061" ID="st2-486"/><String HEIGHT="24" CONTENT="com/dani" WIDTH="89" HPOS="474" VPOS="2061" ID="st2-487"/><String HEIGHT="24" CONTENT="_" WIDTH="11" HPOS="563" VPOS="2061" ID="st2-488"/><String HEIGHT="24" CONTENT="rodriks" WIDTH="79" HPOS="574" VPOS="2061" ID="st2-489"/><String HEIGHT="24" CONTENT="_" WIDTH="11" HPOS="653" VPOS="2061" ID="st2-490"/><String HEIGHT="24" CONTENT="weblog/20" WIDTH="101" HPOS="664" VPOS="2061" ID="st2-491"/></TextLine><TextLine HPOS="228" VPOS="2090" ID="tl2-62" WIDTH="503" HEIGHT="24"><String HEIGHT="24" CONTENT="09/03/the" WIDTH="100" HPOS="228" VPOS="2090" ID="st2-492"/><String HEIGHT="24" CONTENT="-" WIDTH="12" HPOS="328" VPOS="2090" ID="st2-493"/><String HEIGHT="24" CONTENT="sorry" WIDTH="56" HPOS="340" VPOS="2090" ID="st2-494"/><String HEIGHT="24" CONTENT="-" WIDTH="11" HPOS="396" VPOS="2090" ID="st2-495"/><String HEIGHT="24" CONTENT="state" WIDTH="56" HPOS="407" VPOS="2090" ID="st2-496"/><String HEIGHT="24" CONTENT="-" WIDTH="11" HPOS="463" VPOS="2090" ID="st2-497"/><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="474" VPOS="2090" ID="st2-498"/><String HEIGHT="24" CONTENT="-" WIDTH="12" HPOS="496" VPOS="2090" ID="st2-499"/><String HEIGHT="24" CONTENT="macroeconomics" WIDTH="156" HPOS="508" VPOS="2090" ID="st2-500"/><String HEIGHT="24" CONTENT="." WIDTH="12" HPOS="664" VPOS="2090" ID="st2-501"/><String HEIGHT="24" CONTENT="html" WIDTH="44" HPOS="676" VPOS="2090" ID="st2-502"/><String HEIGHT="24" CONTENT="." WIDTH="11" HPOS="720" VPOS="2090" ID="st2-503"/></TextLine><TextLine HPOS="875" VPOS="204" ID="tl2-63" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="gues" WIDTH="56" HPOS="875" VPOS="204" ID="st2-504"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="47" HPOS="944" VPOS="204" ID="st2-505"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1004" VPOS="204" ID="st2-506"/><SP/><String HEIGHT="26" CONTENT="factors" WIDTH="80" HPOS="1055" VPOS="204" ID="st2-507"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="1147" VPOS="204" ID="st2-508"/><SP/><String HEIGHT="26" CONTENT="trigger" WIDTH="79" HPOS="1207" VPOS="204" ID="st2-509"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1298" VPOS="204" ID="st2-510"/><SP/><String HEIGHT="26" CONTENT="booming" WIDTH="107" HPOS="1349" VPOS="204" ID="st2-511"/></TextLine><TextLine HPOS="875" VPOS="237" ID="tl2-64" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="phase" WIDTH="70" HPOS="875" VPOS="237" ID="st2-512"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="47" HPOS="957" VPOS="237" ID="st2-513"/><SP/><String HEIGHT="26" CONTENT="precedes" WIDTH="105" HPOS="1016" VPOS="237" ID="st2-514"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1132" VPOS="237" ID="st2-515"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="98" HPOS="1158" VPOS="237" ID="st2-516"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="1268" VPOS="237" ID="st2-517"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="1335" VPOS="237" ID="st2-518"/><SP/><String HEIGHT="26" CONTENT="differ" WIDTH="62" HPOS="1384" VPOS="237" ID="st2-519" SUBS_TYPE="HypPart1" SUBS_CONTENT="different"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="237" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="270" ID="tl2-65" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="ent" WIDTH="39" HPOS="875" VPOS="270" ID="st2-520" SUBS_TYPE="HypPart2" SUBS_CONTENT="different"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="926" VPOS="270" ID="st2-521"/><SP/><String HEIGHT="27" CONTENT="developed" WIDTH="122" HPOS="959" VPOS="270" ID="st2-522"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="1093" VPOS="270" ID="st2-523"/><SP/><String HEIGHT="27" CONTENT="developing" WIDTH="129" HPOS="1150" VPOS="270" ID="st2-524"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="104" HPOS="1291" VPOS="270" ID="st2-525"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="1395" VPOS="270" ID="st2-526"/><SP/><String HEIGHT="27" CONTENT="For" WIDTH="37" HPOS="1419" VPOS="270" ID="st2-527"/></TextLine><TextLine HPOS="875" VPOS="304" ID="tl2-66" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="instance" WIDTH="94" HPOS="875" VPOS="304" ID="st2-528"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="969" VPOS="304" ID="st2-529"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="992" VPOS="304" ID="st2-530"/><SP/><String HEIGHT="26" CONTENT="conditions" WIDTH="123" HPOS="1042" VPOS="304" ID="st2-531"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="1176" VPOS="304" ID="st2-532"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="1236" VPOS="304" ID="st2-533"/><SP/><String HEIGHT="26" CONTENT="led" WIDTH="35" HPOS="1303" VPOS="304" ID="st2-534"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1350" VPOS="304" ID="st2-535"/><SP/><String HEIGHT="26" CONTENT="finan" WIDTH="59" HPOS="1386" VPOS="304" ID="st2-536" SUBS_TYPE="HypPart1" SUBS_CONTENT="financial"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="304" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="337" ID="tl2-67" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="cial" WIDTH="39" HPOS="875" VPOS="337" ID="st2-537" SUBS_TYPE="HypPart2" SUBS_CONTENT="financial"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="927" VPOS="337" ID="st2-538"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1003" VPOS="337" ID="st2-539"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="1037" VPOS="337" ID="st2-540"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="1180" VPOS="337" ID="st2-541"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="1301" VPOS="337" ID="st2-542"/><SP/><String HEIGHT="26" CONTENT="found" WIDTH="71" HPOS="1351" VPOS="337" ID="st2-543"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1434" VPOS="337" ID="st2-544"/></TextLine><TextLine HPOS="875" VPOS="370" ID="tl2-68" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="875" VPOS="370" ID="st2-545"/><SP/><String HEIGHT="27" CONTENT="implementation" WIDTH="187" HPOS="926" VPOS="370" ID="st2-546"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="1125" VPOS="370" ID="st2-547"/><SP/><String HEIGHT="27" CONTENT="macroeconomic" WIDTH="188" HPOS="1162" VPOS="370" ID="st2-548"/><SP/><String HEIGHT="27" CONTENT="policies" WIDTH="83" HPOS="1362" VPOS="370" ID="st2-549"/><String HEIGHT="27" CONTENT="," WIDTH="11" HPOS="1445" VPOS="370" ID="st2-550"/></TextLine><TextLine HPOS="875" VPOS="404" ID="tl2-69" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="which" WIDTH="72" HPOS="875" VPOS="404" ID="st2-551"/><SP/><String HEIGHT="26" CONTENT="set" WIDTH="34" HPOS="956" VPOS="404" ID="st2-552"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1000" VPOS="404" ID="st2-553"/><SP/><String HEIGHT="26" CONTENT="incentives" WIDTH="116" HPOS="1048" VPOS="404" ID="st2-554"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="47" HPOS="1174" VPOS="404" ID="st2-555"/><SP/><String HEIGHT="26" CONTENT="ended" WIDTH="74" HPOS="1231" VPOS="404" ID="st2-556"/><SP/><String HEIGHT="26" CONTENT="up" WIDTH="31" HPOS="1315" VPOS="404" ID="st2-557"/><SP/><String HEIGHT="26" CONTENT="generat" WIDTH="88" HPOS="1356" VPOS="404" ID="st2-558" SUBS_TYPE="HypPart1" SUBS_CONTENT="generating"/><HYP CONTENT="-" WIDTH="12" HPOS="1444" VPOS="404" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="437" ID="tl2-70" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="ing" WIDTH="38" HPOS="875" VPOS="437" ID="st2-559" SUBS_TYPE="HypPart2" SUBS_CONTENT="generating"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="924" VPOS="437" ID="st2-560"/><SP/><String HEIGHT="26" CONTENT="boom" WIDTH="56" HPOS="973" VPOS="437" ID="st2-561"/><String HEIGHT="26" CONTENT="-" WIDTH="14" HPOS="1029" VPOS="437" ID="st2-562"/><String HEIGHT="26" CONTENT="and" WIDTH="43" HPOS="1043" VPOS="437" ID="st2-563"/><String HEIGHT="26" CONTENT="-" WIDTH="14" HPOS="1086" VPOS="437" ID="st2-564"/><String HEIGHT="26" CONTENT="bust" WIDTH="57" HPOS="1100" VPOS="437" ID="st2-565"/><SP/><String HEIGHT="26" CONTENT="cycles" WIDTH="65" HPOS="1168" VPOS="437" ID="st2-566"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1233" VPOS="437" ID="st2-567"/><SP/><String HEIGHT="26" CONTENT="On" WIDTH="35" HPOS="1255" VPOS="437" ID="st2-568"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1301" VPOS="437" ID="st2-569"/><SP/><String HEIGHT="26" CONTENT="contrary" WIDTH="93" HPOS="1351" VPOS="437" ID="st2-570"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="1444" VPOS="437" ID="st2-571"/></TextLine><TextLine HPOS="875" VPOS="470" ID="tl2-71" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="875" VPOS="470" ID="st2-572"/><SP/><String HEIGHT="27" CONTENT="developed" WIDTH="122" HPOS="907" VPOS="470" ID="st2-573"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="108" HPOS="1038" VPOS="470" ID="st2-574"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1156" VPOS="470" ID="st2-575"/><SP/><String HEIGHT="27" CONTENT="elements" WIDTH="106" HPOS="1204" VPOS="470" ID="st2-576"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="1320" VPOS="470" ID="st2-577"/><SP/><String HEIGHT="27" CONTENT="trigger" WIDTH="79" HPOS="1377" VPOS="470" ID="st2-578"/></TextLine><TextLine HPOS="875" VPOS="504" ID="tl2-72" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="875" VPOS="504" ID="st2-579"/><SP/><String HEIGHT="26" CONTENT="booming" WIDTH="107" HPOS="929" VPOS="504" ID="st2-580"/><SP/><String HEIGHT="26" CONTENT="phase" WIDTH="70" HPOS="1050" VPOS="504" ID="st2-581"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="1135" VPOS="504" ID="st2-582"/><SP/><String HEIGHT="26" CONTENT="endogenously" WIDTH="165" HPOS="1205" VPOS="504" ID="st2-583"/><SP/><String HEIGHT="26" CONTENT="devel" WIDTH="60" HPOS="1385" VPOS="504" ID="st2-584" SUBS_TYPE="HypPart1" SUBS_CONTENT="developed"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="504" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="537" ID="tl2-73" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="oped" WIDTH="61" HPOS="875" VPOS="537" ID="st2-585" SUBS_TYPE="HypPart2" SUBS_CONTENT="developed"/><SP/><String HEIGHT="26" CONTENT="inside" WIDTH="68" HPOS="948" VPOS="537" ID="st2-586"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1027" VPOS="537" ID="st2-587"/><SP/><String HEIGHT="26" CONTENT="domestic" WIDTH="106" HPOS="1078" VPOS="537" ID="st2-588"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1196" VPOS="537" ID="st2-589"/><SP/><String HEIGHT="26" CONTENT="system" WIDTH="75" HPOS="1307" VPOS="537" ID="st2-590"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="1382" VPOS="537" ID="st2-591"/><SP/><String HEIGHT="26" CONTENT="Sec" WIDTH="37" HPOS="1407" VPOS="537" ID="st2-592" SUBS_TYPE="HypPart1" SUBS_CONTENT="Section"/><HYP CONTENT="-" WIDTH="12" HPOS="1444" VPOS="537" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="570" ID="tl2-74" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="tion" WIDTH="47" HPOS="875" VPOS="570" ID="st2-593" SUBS_TYPE="HypPart2" SUBS_CONTENT="Section"/><SP/><String HEIGHT="27" CONTENT="3" WIDTH="16" HPOS="932" VPOS="570" ID="st2-594"/><SP/><String HEIGHT="27" CONTENT="deals" WIDTH="61" HPOS="958" VPOS="570" ID="st2-595"/><SP/><String HEIGHT="27" CONTENT="with" WIDTH="53" HPOS="1029" VPOS="570" ID="st2-596"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1093" VPOS="570" ID="st2-597"/><SP/><String HEIGHT="27" CONTENT="difference" WIDTH="119" HPOS="1142" VPOS="570" ID="st2-598"/><SP/><String HEIGHT="27" CONTENT="between" WIDTH="104" HPOS="1271" VPOS="570" ID="st2-599"/><SP/><String HEIGHT="27" CONTENT="devel" WIDTH="60" HPOS="1385" VPOS="570" ID="st2-600" SUBS_TYPE="HypPart1" SUBS_CONTENT="developed"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="570" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="604" ID="tl2-75" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="oped" WIDTH="61" HPOS="875" VPOS="604" ID="st2-601" SUBS_TYPE="HypPart2" SUBS_CONTENT="developed"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="950" VPOS="604" ID="st2-602"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="1009" VPOS="604" ID="st2-603"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="1153" VPOS="604" ID="st2-604"/><SP/><String HEIGHT="26" CONTENT="regarding" WIDTH="114" HPOS="1275" VPOS="604" ID="st2-605"/><SP/><String HEIGHT="26" CONTENT="gov" WIDTH="39" HPOS="1404" VPOS="604" ID="st2-606" SUBS_TYPE="HypPart1" SUBS_CONTENT="governments"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="604" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="637" ID="tl2-76" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="ernments" WIDTH="105" HPOS="875" VPOS="637" ID="st2-607" SUBS_TYPE="HypPart2" SUBS_CONTENT="governments"/><String HEIGHT="26" CONTENT="’" WIDTH="14" HPOS="980" VPOS="637" ID="st2-608"/><SP/><String HEIGHT="26" CONTENT="ability" WIDTH="69" HPOS="1007" VPOS="637" ID="st2-609"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1089" VPOS="637" ID="st2-610"/><SP/><String HEIGHT="26" CONTENT="conduct" WIDTH="95" HPOS="1127" VPOS="637" ID="st2-611"/><SP/><String HEIGHT="26" CONTENT="stabilization" WIDTH="140" HPOS="1235" VPOS="637" ID="st2-612"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="68" HPOS="1388" VPOS="637" ID="st2-613"/></TextLine><TextLine HPOS="875" VPOS="670" ID="tl2-77" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="once" WIDTH="58" HPOS="875" VPOS="670" ID="st2-614"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="98" HPOS="943" VPOS="670" ID="st2-615"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="64" HPOS="1051" VPOS="670" ID="st2-616"/><SP/><String HEIGHT="27" CONTENT="unfold" WIDTH="72" HPOS="1124" VPOS="670" ID="st2-617"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="1196" VPOS="670" ID="st2-618"/><SP/><String HEIGHT="27" CONTENT="The" WIDTH="43" HPOS="1219" VPOS="670" ID="st2-619"/><SP/><String HEIGHT="27" CONTENT="main" WIDTH="59" HPOS="1272" VPOS="670" ID="st2-620"/><SP/><String HEIGHT="27" CONTENT="argument" WIDTH="115" HPOS="1341" VPOS="670" ID="st2-621"/></TextLine><TextLine HPOS="875" VPOS="704" ID="tl2-78" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="here" WIDTH="53" HPOS="875" VPOS="704" ID="st2-622"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="938" VPOS="704" ID="st2-623"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="964" VPOS="704" ID="st2-624"/><SP/><String HEIGHT="26" CONTENT="since" WIDTH="59" HPOS="1021" VPOS="704" ID="st2-625"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1090" VPOS="704" ID="st2-626"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="129" HPOS="1121" VPOS="704" ID="st2-627"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="1260" VPOS="704" ID="st2-628"/><SP/><String HEIGHT="26" CONTENT="agents" WIDTH="79" HPOS="1377" VPOS="704" ID="st2-629"/></TextLine><TextLine HPOS="875" VPOS="737" ID="tl2-79" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="typically" WIDTH="95" HPOS="875" VPOS="737" ID="st2-630"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="986" VPOS="737" ID="st2-631"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1057" VPOS="737" ID="st2-632"/><SP/><String HEIGHT="26" CONTENT="preference" WIDTH="127" HPOS="1086" VPOS="737" ID="st2-633"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="1228" VPOS="737" ID="st2-634"/><SP/><String HEIGHT="26" CONTENT="foreign" WIDTH="85" HPOS="1278" VPOS="737" ID="st2-635"/><SP/><String HEIGHT="26" CONTENT="assets" WIDTH="66" HPOS="1379" VPOS="737" ID="st2-636"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="1445" VPOS="737" ID="st2-637"/></TextLine><TextLine HPOS="875" VPOS="770" ID="tl2-80" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="governments" WIDTH="155" HPOS="875" VPOS="770" ID="st2-638"/><SP/><String HEIGHT="27" CONTENT="have" WIDTH="55" HPOS="1041" VPOS="770" ID="st2-639"/><SP/><String HEIGHT="27" CONTENT="less" WIDTH="42" HPOS="1107" VPOS="770" ID="st2-640"/><SP/><String HEIGHT="27" CONTENT="room" WIDTH="63" HPOS="1160" VPOS="770" ID="st2-641"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="24" HPOS="1234" VPOS="770" ID="st2-642"/><SP/><String HEIGHT="27" CONTENT="conduct" WIDTH="96" HPOS="1269" VPOS="770" ID="st2-643"/><SP/><String HEIGHT="27" CONTENT="expan" WIDTH="67" HPOS="1376" VPOS="770" ID="st2-644" SUBS_TYPE="HypPart1" SUBS_CONTENT="expansive"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="770" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="804" ID="tl2-81" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="sive" WIDTH="44" HPOS="875" VPOS="804" ID="st2-645" SUBS_TYPE="HypPart2" SUBS_CONTENT="expansive"/><SP/><String HEIGHT="26" CONTENT="monetary" WIDTH="113" HPOS="931" VPOS="804" ID="st2-646"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="1057" VPOS="804" ID="st2-647"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="1114" VPOS="804" ID="st2-648"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="87" HPOS="1185" VPOS="804" ID="st2-649"/><SP/><String HEIGHT="26" CONTENT="than" WIDTH="55" HPOS="1284" VPOS="804" ID="st2-650"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1351" VPOS="804" ID="st2-651"/><SP/><String HEIGHT="26" CONTENT="devel" WIDTH="60" HPOS="1385" VPOS="804" ID="st2-652" SUBS_TYPE="HypPart1" SUBS_CONTENT="developed"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="804" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="837" ID="tl2-82" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="oped" WIDTH="61" HPOS="875" VPOS="837" ID="st2-653" SUBS_TYPE="HypPart2" SUBS_CONTENT="developed"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="104" HPOS="945" VPOS="837" ID="st2-654"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1049" VPOS="837" ID="st2-655"/><SP/><String HEIGHT="26" CONTENT="Based" WIDTH="69" HPOS="1071" VPOS="837" ID="st2-656"/><SP/><String HEIGHT="26" CONTENT="on" WIDTH="31" HPOS="1150" VPOS="837" ID="st2-657"/><SP/><String HEIGHT="26" CONTENT="these" WIDTH="64" HPOS="1190" VPOS="837" ID="st2-658"/><SP/><String HEIGHT="26" CONTENT="two" WIDTH="46" HPOS="1263" VPOS="837" ID="st2-659"/><SP/><String HEIGHT="26" CONTENT="differences" WIDTH="125" HPOS="1319" VPOS="837" ID="st2-660"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="1444" VPOS="837" ID="st2-661"/></TextLine><TextLine HPOS="875" VPOS="870" ID="tl2-83" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="at" WIDTH="24" HPOS="875" VPOS="870" ID="st2-662"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="907" VPOS="870" ID="st2-663"/><SP/><String HEIGHT="27" CONTENT="end" WIDTH="45" HPOS="953" VPOS="870" ID="st2-664"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1006" VPOS="870" ID="st2-665"/><SP/><String HEIGHT="27" CONTENT="both" WIDTH="56" HPOS="1038" VPOS="870" ID="st2-666"/><SP/><String HEIGHT="27" CONTENT="sections" WIDTH="94" HPOS="1102" VPOS="870" ID="st2-667"/><SP/><String HEIGHT="27" CONTENT="we" WIDTH="36" HPOS="1204" VPOS="870" ID="st2-668"/><SP/><String HEIGHT="27" CONTENT="present" WIDTH="87" HPOS="1248" VPOS="870" ID="st2-669"/><SP/><String HEIGHT="27" CONTENT="proposals" WIDTH="113" HPOS="1343" VPOS="870" ID="st2-670"/></TextLine><TextLine HPOS="875" VPOS="904" ID="tl2-84" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="875" VPOS="904" ID="st2-671"/><SP/><String HEIGHT="26" CONTENT="ameliorate" WIDTH="125" HPOS="914" VPOS="904" ID="st2-672"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1052" VPOS="904" ID="st2-673"/><SP/><String HEIGHT="26" CONTENT="effects" WIDTH="79" HPOS="1104" VPOS="904" ID="st2-674"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1196" VPOS="904" ID="st2-675"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1234" VPOS="904" ID="st2-676"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="85" HPOS="1285" VPOS="904" ID="st2-677"/><SP/><String HEIGHT="26" CONTENT="global" WIDTH="72" HPOS="1384" VPOS="904" ID="st2-678"/></TextLine><TextLine HPOS="875" VPOS="937" ID="tl2-85" WIDTH="356" HEIGHT="26"><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="875" VPOS="937" ID="st2-679"/><SP/><String HEIGHT="26" CONTENT="on" WIDTH="31" HPOS="939" VPOS="937" ID="st2-680"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="977" VPOS="937" ID="st2-681"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="104" HPOS="1115" VPOS="937" ID="st2-682"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1219" VPOS="937" ID="st2-683"/></TextLine><TextLine HPOS="875" VPOS="1002" ID="tl2-86" WIDTH="562" HEIGHT="29"><String HEIGHT="29" CONTENT="2" WIDTH="13" HPOS="875" VPOS="1002" ID="st2-684"/><String HEIGHT="29" CONTENT="." WIDTH="13" HPOS="888" VPOS="1002" ID="st2-685"/><SP/><String HEIGHT="29" CONTENT="Financial" WIDTH="125" HPOS="931" VPOS="1002" ID="st2-686"/><SP/><String HEIGHT="29" CONTENT="crises" WIDTH="78" HPOS="1065" VPOS="1002" ID="st2-687"/><SP/><String HEIGHT="29" CONTENT="in" WIDTH="28" HPOS="1151" VPOS="1002" ID="st2-688"/><SP/><String HEIGHT="29" CONTENT="developed" WIDTH="151" HPOS="1187" VPOS="1002" ID="st2-689"/><SP/><String HEIGHT="29" CONTENT="and" WIDTH="54" HPOS="1347" VPOS="1002" ID="st2-690"/><SP/><String HEIGHT="29" CONTENT="in" WIDTH="28" HPOS="1409" VPOS="1002" ID="st2-691"/></TextLine><TextLine HPOS="935" VPOS="1035" ID="tl2-87" WIDTH="302" HEIGHT="29"><String HEIGHT="29" CONTENT="developing" WIDTH="161" HPOS="935" VPOS="1035" ID="st2-692"/><SP/><String HEIGHT="29" CONTENT="countries" WIDTH="133" HPOS="1104" VPOS="1035" ID="st2-693"/></TextLine><TextLine HPOS="875" VPOS="1087" ID="tl2-88" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="Since" WIDTH="62" HPOS="875" VPOS="1087" ID="st2-694"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="950" VPOS="1087" ID="st2-695"/><SP/><String HEIGHT="26" CONTENT="sub" WIDTH="39" HPOS="1001" VPOS="1087" ID="st2-696"/><String HEIGHT="26" CONTENT="-" WIDTH="13" HPOS="1040" VPOS="1087" ID="st2-697"/><String HEIGHT="26" CONTENT="prime" WIDTH="66" HPOS="1053" VPOS="1087" ID="st2-698"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="55" HPOS="1132" VPOS="1087" ID="st2-699"/><SP/><String HEIGHT="26" CONTENT="unfolded" WIDTH="101" HPOS="1200" VPOS="1087" ID="st2-700"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="1301" VPOS="1087" ID="st2-701"/><SP/><String HEIGHT="26" CONTENT="there" WIDTH="61" HPOS="1327" VPOS="1087" ID="st2-702"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="1401" VPOS="1087" ID="st2-703"/></TextLine><TextLine HPOS="875" VPOS="1120" ID="tl2-89" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="been" WIDTH="59" HPOS="875" VPOS="1120" ID="st2-704"/><SP/><String HEIGHT="27" CONTENT="signs" WIDTH="59" HPOS="948" VPOS="1120" ID="st2-705"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1020" VPOS="1120" ID="st2-706"/><SP/><String HEIGHT="27" CONTENT="reaction" WIDTH="96" HPOS="1058" VPOS="1120" ID="st2-707"/><SP/><String HEIGHT="27" CONTENT="against" WIDTH="85" HPOS="1167" VPOS="1120" ID="st2-708"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1265" VPOS="1120" ID="st2-709"/><SP/><String HEIGHT="27" CONTENT="mainstream" WIDTH="139" HPOS="1317" VPOS="1120" ID="st2-710"/></TextLine><TextLine HPOS="875" VPOS="1154" ID="tl2-90" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="economic" WIDTH="115" HPOS="875" VPOS="1154" ID="st2-711"/><SP/><String HEIGHT="26" CONTENT="paradigm" WIDTH="113" HPOS="1007" VPOS="1154" ID="st2-712"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="1137" VPOS="1154" ID="st2-713"/><SP/><String HEIGHT="26" CONTENT="an" WIDTH="30" HPOS="1198" VPOS="1154" ID="st2-714"/><SP/><String HEIGHT="26" CONTENT="incipient" WIDTH="100" HPOS="1245" VPOS="1154" ID="st2-715"/><SP/><String HEIGHT="26" CONTENT="reevalu" WIDTH="83" HPOS="1362" VPOS="1154" ID="st2-716" SUBS_TYPE="HypPart1" SUBS_CONTENT="reevaluation"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="1154" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1187" ID="tl2-91" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="ation" WIDTH="61" HPOS="875" VPOS="1187" ID="st2-717" SUBS_TYPE="HypPart2" SUBS_CONTENT="reevaluation"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="946" VPOS="1187" ID="st2-718"/><SP/><String HEIGHT="26" CONTENT="those" WIDTH="64" HPOS="981" VPOS="1187" ID="st2-719"/><SP/><String HEIGHT="26" CONTENT="scholars" WIDTH="94" HPOS="1056" VPOS="1187" ID="st2-720"/><SP/><String HEIGHT="26" CONTENT="who" WIDTH="53" HPOS="1160" VPOS="1187" ID="st2-721"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="1223" VPOS="1187" ID="st2-722"/><SP/><String HEIGHT="26" CONTENT="addressed" WIDTH="118" HPOS="1289" VPOS="1187" ID="st2-723"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="1187" ID="st2-724"/></TextLine><TextLine HPOS="875" VPOS="1220" ID="tl2-92" WIDTH="582" HEIGHT="27"><String HEIGHT="27" CONTENT="issue" WIDTH="58" HPOS="875" VPOS="1220" ID="st2-725"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="941" VPOS="1220" ID="st2-726"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="973" VPOS="1220" ID="st2-727"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="63" HPOS="1080" VPOS="1220" ID="st2-728"/><SP/><String HEIGHT="27" CONTENT="as" WIDTH="25" HPOS="1151" VPOS="1220" ID="st2-729"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="1184" VPOS="1220" ID="st2-730"/><SP/><String HEIGHT="27" CONTENT="central" WIDTH="80" HPOS="1206" VPOS="1220" ID="st2-731"/><SP/><String HEIGHT="27" CONTENT="topic" WIDTH="55" HPOS="1294" VPOS="1220" ID="st2-732"/><String HEIGHT="27" CONTENT="." WIDTH="11" HPOS="1349" VPOS="1220" ID="st2-733"/><SP/><String HEIGHT="27" CONTENT="Among" WIDTH="89" HPOS="1368" VPOS="1220" ID="st2-734"/></TextLine><TextLine HPOS="875" VPOS="1254" ID="tl2-93" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="them" WIDTH="56" HPOS="875" VPOS="1254" ID="st2-735"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="931" VPOS="1254" ID="st2-736"/><SP/><String HEIGHT="26" CONTENT="Minsky" WIDTH="76" HPOS="961" VPOS="1254" ID="st2-737"/><String HEIGHT="26" CONTENT="’" WIDTH="13" HPOS="1037" VPOS="1254" ID="st2-738"/><String HEIGHT="26" CONTENT="s" WIDTH="13" HPOS="1050" VPOS="1254" ID="st2-739"/><SP/><String HEIGHT="26" CONTENT="work" WIDTH="60" HPOS="1079" VPOS="1254" ID="st2-740"/><SP/><String HEIGHT="26" CONTENT="seemed" WIDTH="91" HPOS="1155" VPOS="1254" ID="st2-741"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1262" VPOS="1254" ID="st2-742"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="1303" VPOS="1254" ID="st2-743"/><SP/><String HEIGHT="26" CONTENT="caught" WIDTH="82" HPOS="1374" VPOS="1254" ID="st2-744"/></TextLine><TextLine HPOS="875" VPOS="1287" ID="tl2-94" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="significant" WIDTH="121" HPOS="875" VPOS="1287" ID="st2-745"/><SP/><String HEIGHT="26" CONTENT="attention" WIDTH="108" HPOS="1016" VPOS="1287" ID="st2-746"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1143" VPOS="1287" ID="st2-747"/><SP/><String HEIGHT="26" CONTENT="has" WIDTH="40" HPOS="1208" VPOS="1287" ID="st2-748"/><SP/><String HEIGHT="26" CONTENT="therefore" WIDTH="109" HPOS="1268" VPOS="1287" ID="st2-749"/><SP/><String HEIGHT="26" CONTENT="been" WIDTH="59" HPOS="1397" VPOS="1287" ID="st2-750"/></TextLine><TextLine HPOS="875" VPOS="1320" ID="tl2-95" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="brought" WIDTH="96" HPOS="875" VPOS="1320" ID="st2-751"/><SP/><String HEIGHT="27" CONTENT="back" WIDTH="56" HPOS="985" VPOS="1320" ID="st2-752"/><SP/><String HEIGHT="27" CONTENT="from" WIDTH="57" HPOS="1054" VPOS="1320" ID="st2-753"/><SP/><String HEIGHT="27" CONTENT="an" WIDTH="29" HPOS="1125" VPOS="1320" ID="st2-754"/><SP/><String HEIGHT="27" CONTENT="almost" WIDTH="79" HPOS="1168" VPOS="1320" ID="st2-755"/><SP/><String HEIGHT="27" CONTENT="total" WIDTH="54" HPOS="1260" VPOS="1320" ID="st2-756"/><SP/><String HEIGHT="27" CONTENT="intellectual" WIDTH="128" HPOS="1328" VPOS="1320" ID="st2-757"/></TextLine><TextLine HPOS="875" VPOS="1354" ID="tl2-96" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="exile" WIDTH="50" HPOS="875" VPOS="1354" ID="st2-758"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="925" VPOS="1354" ID="st2-759"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="957" VPOS="1354" ID="st2-760"/><SP/><String HEIGHT="26" CONTENT="conditions" WIDTH="122" HPOS="1021" VPOS="1354" ID="st2-761"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="1164" VPOS="1354" ID="st2-762"/><SP/><String HEIGHT="26" CONTENT="caused" WIDTH="82" HPOS="1233" VPOS="1354" ID="st2-763"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1336" VPOS="1354" ID="st2-764"/><SP/><String HEIGHT="26" CONTENT="then" WIDTH="54" HPOS="1402" VPOS="1354" ID="st2-765"/></TextLine><TextLine HPOS="875" VPOS="1387" ID="tl2-97" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="helped" WIDTH="81" HPOS="875" VPOS="1387" ID="st2-766"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="968" VPOS="1387" ID="st2-767"/><SP/><String HEIGHT="26" CONTENT="develop" WIDTH="93" HPOS="1004" VPOS="1387" ID="st2-768"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1109" VPOS="1387" ID="st2-769"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="86" HPOS="1159" VPOS="1387" ID="st2-770"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1256" VPOS="1387" ID="st2-771"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="1367" VPOS="1387" ID="st2-772"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1434" VPOS="1387" ID="st2-773"/></TextLine><TextLine HPOS="875" VPOS="1420" ID="tl2-98" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="875" VPOS="1420" ID="st2-774"/><SP/><String HEIGHT="27" CONTENT="US" WIDTH="33" HPOS="922" VPOS="1420" ID="st2-775"/><SP/><String HEIGHT="27" CONTENT="correspond" WIDTH="133" HPOS="963" VPOS="1420" ID="st2-776"/><SP/><String HEIGHT="27" CONTENT="very" WIDTH="48" HPOS="1104" VPOS="1420" ID="st2-777"/><SP/><String HEIGHT="27" CONTENT="neatly" WIDTH="71" HPOS="1160" VPOS="1420" ID="st2-778"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="1239" VPOS="1420" ID="st2-779"/><SP/><String HEIGHT="27" CONTENT="Minsky" WIDTH="76" HPOS="1272" VPOS="1420" ID="st2-780"/><String HEIGHT="27" CONTENT="’" WIDTH="13" HPOS="1348" VPOS="1420" ID="st2-781"/><String HEIGHT="27" CONTENT="s" WIDTH="13" HPOS="1361" VPOS="1420" ID="st2-782"/><SP/><String HEIGHT="27" CONTENT="model" WIDTH="74" HPOS="1382" VPOS="1420" ID="st2-783"/></TextLine><TextLine HPOS="875" VPOS="1454" ID="tl2-99" WIDTH="363" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="875" VPOS="1454" ID="st2-784"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="908" VPOS="1454" ID="st2-785"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="60" HPOS="1015" VPOS="1454" ID="st2-786"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1075" VPOS="1454" ID="st2-787"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="1094" VPOS="1454" ID="st2-788"/><SP/><String HEIGHT="26" CONTENT="his" WIDTH="33" HPOS="1123" VPOS="1454" ID="st2-789"/><SP/><String HEIGHT="26" CONTENT="model" WIDTH="74" HPOS="1164" VPOS="1454" ID="st2-790"/></TextLine><TextLine HPOS="1238" VPOS="1450" ID="tl2-100" WIDTH="8" HEIGHT="13"><String HEIGHT="13" CONTENT="2" WIDTH="8" HPOS="1238" VPOS="1450" ID="st2-791"/></TextLine><TextLine HPOS="1246" VPOS="1454" ID="tl2-101" WIDTH="210" HEIGHT="26"><String HEIGHT="26" CONTENT="," WIDTH="7" HPOS="1246" VPOS="1454" ID="st2-792"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="64" HPOS="1261" VPOS="1454" ID="st2-793"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="1332" VPOS="1454" ID="st2-794"/><SP/><String HEIGHT="26" CONTENT="always" WIDTH="79" HPOS="1377" VPOS="1454" ID="st2-795"/></TextLine><TextLine HPOS="876" VPOS="1487" ID="tl2-102" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="preceded" WIDTH="109" HPOS="876" VPOS="1487" ID="st2-796"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="28" HPOS="995" VPOS="1487" ID="st2-797"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1033" VPOS="1487" ID="st2-798"/><SP/><String HEIGHT="26" CONTENT="period" WIDTH="76" HPOS="1057" VPOS="1487" ID="st2-799"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1143" VPOS="1487" ID="st2-800"/><SP/><String HEIGHT="26" CONTENT="economic" WIDTH="114" HPOS="1178" VPOS="1487" ID="st2-801"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1302" VPOS="1487" ID="st2-802"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1357" VPOS="1487" ID="st2-803"/></TextLine><TextLine HPOS="875" VPOS="1567" ID="tl2-103" WIDTH="581" HEIGHT="24"><String HEIGHT="24" CONTENT="2" WIDTH="14" HPOS="875" VPOS="1567" ID="st2-804"/><SP/><String HEIGHT="24" CONTENT="Minsky" WIDTH="69" HPOS="907" VPOS="1567" ID="st2-805"/><String HEIGHT="24" CONTENT="’" WIDTH="11" HPOS="976" VPOS="1567" ID="st2-806"/><String HEIGHT="24" CONTENT="s" WIDTH="12" HPOS="987" VPOS="1567" ID="st2-807"/><SP/><String HEIGHT="24" CONTENT="work" WIDTH="54" HPOS="1007" VPOS="1567" ID="st2-808"/><SP/><String HEIGHT="24" CONTENT="on" WIDTH="28" HPOS="1070" VPOS="1567" ID="st2-809"/><SP/><String HEIGHT="24" CONTENT="financial" WIDTH="89" HPOS="1106" VPOS="1567" ID="st2-810"/><SP/><String HEIGHT="24" CONTENT="crises" WIDTH="57" HPOS="1204" VPOS="1567" ID="st2-811"/><SP/><String HEIGHT="24" CONTENT="and" WIDTH="41" HPOS="1269" VPOS="1567" ID="st2-812"/><SP/><String HEIGHT="24" CONTENT="their" WIDTH="49" HPOS="1318" VPOS="1567" ID="st2-813"/><SP/><String HEIGHT="24" CONTENT="relation" WIDTH="81" HPOS="1375" VPOS="1567" ID="st2-814"/></TextLine><TextLine HPOS="907" VPOS="1596" ID="tl2-104" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="with" WIDTH="47" HPOS="907" VPOS="1596" ID="st2-815"/><SP/><String HEIGHT="24" CONTENT="the" WIDTH="35" HPOS="963" VPOS="1596" ID="st2-816"/><SP/><String HEIGHT="24" CONTENT="macroeconomy" WIDTH="163" HPOS="1007" VPOS="1596" ID="st2-817"/><SP/><String HEIGHT="24" CONTENT="is" WIDTH="16" HPOS="1179" VPOS="1596" ID="st2-818"/><SP/><String HEIGHT="24" CONTENT="vast" WIDTH="38" HPOS="1204" VPOS="1596" ID="st2-819"/><String HEIGHT="24" CONTENT="." WIDTH="10" HPOS="1242" VPOS="1596" ID="st2-820"/><SP/><String HEIGHT="24" CONTENT="His" WIDTH="32" HPOS="1261" VPOS="1596" ID="st2-821"/><SP/><String HEIGHT="24" CONTENT="critique" WIDTH="79" HPOS="1302" VPOS="1596" ID="st2-822"/><SP/><String HEIGHT="24" CONTENT="to" WIDTH="22" HPOS="1390" VPOS="1596" ID="st2-823"/><SP/><String HEIGHT="24" CONTENT="the" WIDTH="35" HPOS="1421" VPOS="1596" ID="st2-824"/></TextLine><TextLine HPOS="907" VPOS="1625" ID="tl2-105" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="neoclassical" WIDTH="123" HPOS="907" VPOS="1625" ID="st2-825"/><SP/><String HEIGHT="24" CONTENT="digestion" WIDTH="97" HPOS="1039" VPOS="1625" ID="st2-826"/><SP/><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="1145" VPOS="1625" ID="st2-827"/><SP/><String HEIGHT="24" CONTENT="Keynes" WIDTH="70" HPOS="1176" VPOS="1625" ID="st2-828"/><String HEIGHT="24" CONTENT="’" WIDTH="12" HPOS="1246" VPOS="1625" ID="st2-829"/><SP/><String HEIGHT="24" CONTENT="contributions" WIDTH="140" HPOS="1267" VPOS="1625" ID="st2-830"/><SP/><String HEIGHT="24" CONTENT="and" WIDTH="40" HPOS="1416" VPOS="1625" ID="st2-831"/></TextLine><TextLine HPOS="907" VPOS="1654" ID="tl2-106" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="the" WIDTH="35" HPOS="907" VPOS="1654" ID="st2-832"/><SP/><String HEIGHT="24" CONTENT="relevance" WIDTH="100" HPOS="950" VPOS="1654" ID="st2-833"/><SP/><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="1059" VPOS="1654" ID="st2-834"/><SP/><String HEIGHT="24" CONTENT="finance" WIDTH="78" HPOS="1089" VPOS="1654" ID="st2-835"/><SP/><String HEIGHT="24" CONTENT="in" WIDTH="20" HPOS="1175" VPOS="1654" ID="st2-836"/><SP/><String HEIGHT="24" CONTENT="Keynes" WIDTH="70" HPOS="1203" VPOS="1654" ID="st2-837"/><String HEIGHT="24" CONTENT="’" WIDTH="12" HPOS="1273" VPOS="1654" ID="st2-838"/><SP/><String HEIGHT="24" CONTENT="framework" WIDTH="116" HPOS="1294" VPOS="1654" ID="st2-839"/><SP/><String HEIGHT="24" CONTENT="can" WIDTH="37" HPOS="1419" VPOS="1654" ID="st2-840"/></TextLine><TextLine HPOS="907" VPOS="1683" ID="tl2-107" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="be" WIDTH="26" HPOS="907" VPOS="1683" ID="st2-841"/><SP/><String HEIGHT="24" CONTENT="found" WIDTH="63" HPOS="952" VPOS="1683" ID="st2-842"/><SP/><String HEIGHT="24" CONTENT="in" WIDTH="19" HPOS="1034" VPOS="1683" ID="st2-843"/><SP/><String HEIGHT="24" CONTENT="Minsky" WIDTH="70" HPOS="1071" VPOS="1683" ID="st2-844"/><String HEIGHT="24" CONTENT="," WIDTH="12" HPOS="1141" VPOS="1683" ID="st2-845"/><SP/><String HEIGHT="24" CONTENT="H" WIDTH="12" HPOS="1171" VPOS="1683" ID="st2-846"/><String HEIGHT="24" CONTENT="." WIDTH="12" HPOS="1183" VPOS="1683" ID="st2-847"/><SP/><String HEIGHT="24" CONTENT="1975" WIDTH="49" HPOS="1213" VPOS="1683" ID="st2-848"/><String HEIGHT="24" CONTENT="." WIDTH="13" HPOS="1262" VPOS="1683" ID="st2-849"/><SP/><String HEIGHT="24" CONTENT="John" WIDTH="50" HPOS="1293" VPOS="1683" ID="st2-850"/><SP/><String HEIGHT="24" CONTENT="Maynard" WIDTH="95" HPOS="1361" VPOS="1683" ID="st2-851"/></TextLine><TextLine HPOS="907" VPOS="1713" ID="tl2-108" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="Keynes" WIDTH="70" HPOS="907" VPOS="1713" ID="st2-852"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="977" VPOS="1713" ID="st2-853"/><SP/><String HEIGHT="23" CONTENT="New" WIDTH="49" HPOS="1002" VPOS="1713" ID="st2-854"/><SP/><String HEIGHT="23" CONTENT="York" WIDTH="45" HPOS="1063" VPOS="1713" ID="st2-855"/><String HEIGHT="23" CONTENT=":" WIDTH="12" HPOS="1108" VPOS="1713" ID="st2-856"/><SP/><String HEIGHT="23" CONTENT="Columbia" WIDTH="103" HPOS="1133" VPOS="1713" ID="st2-857"/><SP/><String HEIGHT="23" CONTENT="University" WIDTH="102" HPOS="1249" VPOS="1713" ID="st2-858"/><SP/><String HEIGHT="23" CONTENT="Press" WIDTH="47" HPOS="1364" VPOS="1713" ID="st2-859"/><String HEIGHT="23" CONTENT="." WIDTH="10" HPOS="1411" VPOS="1713" ID="st2-860"/><String HEIGHT="23" CONTENT="," WIDTH="10" HPOS="1421" VPOS="1713" ID="st2-861"/><SP/><String HEIGHT="23" CONTENT="a" WIDTH="12" HPOS="1444" VPOS="1713" ID="st2-862"/></TextLine><TextLine HPOS="907" VPOS="1742" ID="tl2-109" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="synthetic" WIDTH="94" HPOS="907" VPOS="1742" ID="st2-863"/><SP/><String HEIGHT="23" CONTENT="presentation" WIDTH="133" HPOS="1010" VPOS="1742" ID="st2-864"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="23" HPOS="1151" VPOS="1742" ID="st2-865"/><SP/><String HEIGHT="23" CONTENT="his" WIDTH="29" HPOS="1182" VPOS="1742" ID="st2-866"/><SP/><String HEIGHT="23" CONTENT="model" WIDTH="66" HPOS="1220" VPOS="1742" ID="st2-867"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="22" HPOS="1295" VPOS="1742" ID="st2-868"/><SP/><String HEIGHT="23" CONTENT="financial" WIDTH="89" HPOS="1325" VPOS="1742" ID="st2-869"/><SP/><String HEIGHT="23" CONTENT="cri" WIDTH="25" HPOS="1423" VPOS="1742" ID="st2-870" SUBS_TYPE="HypPart1" SUBS_CONTENT="crises"/><HYP CONTENT="-" WIDTH="8" HPOS="1448" VPOS="1742" HEIGHT="23"/></TextLine><TextLine HPOS="907" VPOS="1771" ID="tl2-110" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="ses" WIDTH="32" HPOS="907" VPOS="1771" ID="st2-871" SUBS_TYPE="HypPart2" SUBS_CONTENT="crises"/><SP/><String HEIGHT="23" CONTENT="in" WIDTH="19" HPOS="947" VPOS="1771" ID="st2-872"/><SP/><String HEIGHT="23" CONTENT="Minsky" WIDTH="70" HPOS="975" VPOS="1771" ID="st2-873"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="1045" VPOS="1771" ID="st2-874"/><SP/><String HEIGHT="23" CONTENT="H" WIDTH="11" HPOS="1065" VPOS="1771" ID="st2-875"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="1076" VPOS="1771" ID="st2-876"/><SP/><String HEIGHT="23" CONTENT="1977" WIDTH="50" HPOS="1096" VPOS="1771" ID="st2-877"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="1146" VPOS="1771" ID="st2-878"/><String HEIGHT="23" CONTENT="“" WIDTH="15" HPOS="1167" VPOS="1771" ID="st2-879"/><String HEIGHT="23" CONTENT="A" WIDTH="16" HPOS="1182" VPOS="1771" ID="st2-880"/><SP/><String HEIGHT="23" CONTENT="Theory" WIDTH="72" HPOS="1206" VPOS="1771" ID="st2-881"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="22" HPOS="1286" VPOS="1771" ID="st2-882"/><SP/><String HEIGHT="23" CONTENT="Systemic" WIDTH="92" HPOS="1316" VPOS="1771" ID="st2-883"/><SP/><String HEIGHT="23" CONTENT="Fra" WIDTH="30" HPOS="1416" VPOS="1771" ID="st2-884" SUBS_TYPE="HypPart1" SUBS_CONTENT="Fragility"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="1771" HEIGHT="23"/></TextLine><TextLine HPOS="907" VPOS="1800" ID="tl2-111" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="gility" WIDTH="53" HPOS="907" VPOS="1800" ID="st2-885" SUBS_TYPE="HypPart2" SUBS_CONTENT="Fragility"/><String HEIGHT="23" CONTENT="." WIDTH="9" HPOS="960" VPOS="1800" ID="st2-886"/><String HEIGHT="23" CONTENT="”" WIDTH="9" HPOS="969" VPOS="1800" ID="st2-887"/><SP/><String HEIGHT="23" CONTENT="In" WIDTH="19" HPOS="987" VPOS="1800" ID="st2-888"/><SP/><String HEIGHT="23" CONTENT="Financial" WIDTH="92" HPOS="1015" VPOS="1800" ID="st2-889"/><SP/><String HEIGHT="23" CONTENT="Crises" WIDTH="59" HPOS="1116" VPOS="1800" ID="st2-890"/><String HEIGHT="23" CONTENT=":" WIDTH="10" HPOS="1175" VPOS="1800" ID="st2-891"/><SP/><String HEIGHT="23" CONTENT="Institutions" WIDTH="117" HPOS="1194" VPOS="1800" ID="st2-892"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="1320" VPOS="1800" ID="st2-893"/><SP/><String HEIGHT="23" CONTENT="Markets" WIDTH="86" HPOS="1370" VPOS="1800" ID="st2-894"/></TextLine><TextLine HPOS="907" VPOS="1829" ID="tl2-112" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="in" WIDTH="19" HPOS="907" VPOS="1829" ID="st2-895"/><SP/><String HEIGHT="23" CONTENT="a" WIDTH="12" HPOS="944" VPOS="1829" ID="st2-896"/><SP/><String HEIGHT="23" CONTENT="Fragile" WIDTH="69" HPOS="974" VPOS="1829" ID="st2-897"/><SP/><String HEIGHT="23" CONTENT="Environment" WIDTH="130" HPOS="1060" VPOS="1829" ID="st2-898"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="1190" VPOS="1829" ID="st2-899"/><SP/><String HEIGHT="23" CONTENT="edited" WIDTH="67" HPOS="1219" VPOS="1829" ID="st2-900"/><SP/><String HEIGHT="23" CONTENT="by" WIDTH="25" HPOS="1303" VPOS="1829" ID="st2-901"/><SP/><String HEIGHT="23" CONTENT="Edward" WIDTH="81" HPOS="1345" VPOS="1829" ID="st2-902"/><SP/><String HEIGHT="23" CONTENT="I" WIDTH="6" HPOS="1444" VPOS="1829" ID="st2-903"/><String HEIGHT="23" CONTENT="." WIDTH="6" HPOS="1450" VPOS="1829" ID="st2-904"/></TextLine><TextLine HPOS="907" VPOS="1858" ID="tl2-113" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="Altman" WIDTH="78" HPOS="907" VPOS="1858" ID="st2-905"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="997" VPOS="1858" ID="st2-906"/><SP/><String HEIGHT="23" CONTENT="Arnold" WIDTH="72" HPOS="1050" VPOS="1858" ID="st2-907"/><SP/><String HEIGHT="23" CONTENT="W" WIDTH="15" HPOS="1135" VPOS="1858" ID="st2-908"/><String HEIGHT="23" CONTENT="." WIDTH="15" HPOS="1150" VPOS="1858" ID="st2-909"/><SP/><String HEIGHT="23" CONTENT="Sametz" WIDTH="72" HPOS="1178" VPOS="1858" ID="st2-910"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="1250" VPOS="1858" ID="st2-911"/><SP/><String HEIGHT="23" CONTENT="New" WIDTH="49" HPOS="1275" VPOS="1858" ID="st2-912"/><SP/><String HEIGHT="23" CONTENT="York" WIDTH="45" HPOS="1336" VPOS="1858" ID="st2-913"/><String HEIGHT="23" CONTENT=":" WIDTH="12" HPOS="1381" VPOS="1858" ID="st2-914"/><SP/><String HEIGHT="23" CONTENT="John" WIDTH="50" HPOS="1406" VPOS="1858" ID="st2-915"/></TextLine><TextLine HPOS="907" VPOS="1887" ID="tl2-114" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="Wiley" WIDTH="58" HPOS="907" VPOS="1887" ID="st2-916"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="973" VPOS="1887" ID="st2-917"/><SP/><String HEIGHT="23" CONTENT="Sons" WIDTH="44" HPOS="1021" VPOS="1887" ID="st2-918"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="1065" VPOS="1887" ID="st2-919"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="1085" VPOS="1887" ID="st2-920"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="34" HPOS="1133" VPOS="1887" ID="st2-921"/><SP/><String HEIGHT="23" CONTENT="most" WIDTH="53" HPOS="1175" VPOS="1887" ID="st2-922"/><SP/><String HEIGHT="23" CONTENT="polished" WIDTH="89" HPOS="1235" VPOS="1887" ID="st2-923"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="1332" VPOS="1887" ID="st2-924"/><SP/><String HEIGHT="23" CONTENT="mature" WIDTH="76" HPOS="1380" VPOS="1887" ID="st2-925"/></TextLine><TextLine HPOS="907" VPOS="1916" ID="tl2-115" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="exposition" WIDTH="108" HPOS="907" VPOS="1916" ID="st2-926"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="22" HPOS="1025" VPOS="1916" ID="st2-927"/><SP/><String HEIGHT="23" CONTENT="his" WIDTH="29" HPOS="1056" VPOS="1916" ID="st2-928"/><SP/><String HEIGHT="23" CONTENT="thought" WIDTH="86" HPOS="1095" VPOS="1916" ID="st2-929"/><SP/><String HEIGHT="23" CONTENT="in" WIDTH="19" HPOS="1190" VPOS="1916" ID="st2-930"/><SP/><String HEIGHT="23" CONTENT="Minsky" WIDTH="70" HPOS="1219" VPOS="1916" ID="st2-931"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="1289" VPOS="1916" ID="st2-932"/><SP/><String HEIGHT="23" CONTENT="H" WIDTH="12" HPOS="1310" VPOS="1916" ID="st2-933"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="1322" VPOS="1916" ID="st2-934"/><SP/><String HEIGHT="23" CONTENT="1986" WIDTH="49" HPOS="1343" VPOS="1916" ID="st2-935"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="1392" VPOS="1916" ID="st2-936"/><SP/><String HEIGHT="23" CONTENT="Sta" WIDTH="31" HPOS="1415" VPOS="1916" ID="st2-937" SUBS_TYPE="HypPart1" SUBS_CONTENT="Stabilizing"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="1916" HEIGHT="23"/></TextLine><TextLine HPOS="907" VPOS="1945" ID="tl2-116" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="bilizing" WIDTH="75" HPOS="907" VPOS="1945" ID="st2-938" SUBS_TYPE="HypPart2" SUBS_CONTENT="Stabilizing"/><SP/><String HEIGHT="23" CONTENT="an" WIDTH="26" HPOS="996" VPOS="1945" ID="st2-939"/><SP/><String HEIGHT="23" CONTENT="Unstable" WIDTH="93" HPOS="1036" VPOS="1945" ID="st2-940"/><SP/><String HEIGHT="23" CONTENT="Economy" WIDTH="91" HPOS="1143" VPOS="1945" ID="st2-941"/><String HEIGHT="23" CONTENT="," WIDTH="13" HPOS="1234" VPOS="1945" ID="st2-942"/><SP/><String HEIGHT="23" CONTENT="New" WIDTH="48" HPOS="1261" VPOS="1945" ID="st2-943"/><SP/><String HEIGHT="23" CONTENT="Haven" WIDTH="61" HPOS="1323" VPOS="1945" ID="st2-944"/><String HEIGHT="23" CONTENT=":" WIDTH="13" HPOS="1384" VPOS="1945" ID="st2-945"/><SP/><String HEIGHT="23" CONTENT="Yale" WIDTH="46" HPOS="1410" VPOS="1945" ID="st2-946"/></TextLine><TextLine HPOS="907" VPOS="1974" ID="tl2-117" WIDTH="451" HEIGHT="23"><String HEIGHT="23" CONTENT="University" WIDTH="103" HPOS="907" VPOS="1974" ID="st2-947"/><SP/><String HEIGHT="23" CONTENT="Press" WIDTH="49" HPOS="1025" VPOS="1974" ID="st2-948"/><String HEIGHT="23" CONTENT="." WIDTH="10" HPOS="1074" VPOS="1974" ID="st2-949"/><SP/><String HEIGHT="23" CONTENT="Kindleberger" WIDTH="132" HPOS="1099" VPOS="1974" ID="st2-950"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1231" VPOS="1974" ID="st2-951"/><SP/><String HEIGHT="23" CONTENT="C" WIDTH="12" HPOS="1257" VPOS="1974" ID="st2-952"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="1269" VPOS="1974" ID="st2-953"/><SP/><String HEIGHT="23" CONTENT="1978" WIDTH="50" HPOS="1295" VPOS="1974" ID="st2-954"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="1345" VPOS="1974" ID="st2-955"/></TextLine><TextLine HPOS="1373" VPOS="1974" ID="tl2-118" WIDTH="83" HEIGHT="23"><String HEIGHT="23" CONTENT="Manias" WIDTH="71" HPOS="1373" VPOS="1974" ID="st2-956"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="1444" VPOS="1974" ID="st2-957"/></TextLine><TextLine HPOS="907" VPOS="2003" ID="tl2-119" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="Panics" WIDTH="61" HPOS="907" VPOS="2003" ID="st2-958"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="968" VPOS="2003" ID="st2-959"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="41" HPOS="990" VPOS="2003" ID="st2-960"/><SP/><String HEIGHT="23" CONTENT="Crashes" WIDTH="78" HPOS="1042" VPOS="2003" ID="st2-961"/><String HEIGHT="23" CONTENT=":" WIDTH="12" HPOS="1120" VPOS="2003" ID="st2-962"/><SP/><String HEIGHT="23" CONTENT="A" WIDTH="17" HPOS="1143" VPOS="2003" ID="st2-963"/><SP/><String HEIGHT="23" CONTENT="History" WIDTH="74" HPOS="1171" VPOS="2003" ID="st2-964"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="22" HPOS="1257" VPOS="2003" ID="st2-965"/><SP/><String HEIGHT="23" CONTENT="Financial" WIDTH="92" HPOS="1290" VPOS="2003" ID="st2-966"/><SP/><String HEIGHT="23" CONTENT="Crisis" WIDTH="54" HPOS="1393" VPOS="2003" ID="st2-967"/><String HEIGHT="23" CONTENT="," WIDTH="9" HPOS="1447" VPOS="2003" ID="st2-968"/></TextLine><TextLine HPOS="907" VPOS="2032" ID="tl2-120" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="New" WIDTH="49" HPOS="907" VPOS="2032" ID="st2-969"/><SP/><String HEIGHT="23" CONTENT="York" WIDTH="45" HPOS="967" VPOS="2032" ID="st2-970"/><String HEIGHT="23" CONTENT=":" WIDTH="12" HPOS="1012" VPOS="2032" ID="st2-971"/><SP/><String HEIGHT="23" CONTENT="John" WIDTH="50" HPOS="1035" VPOS="2032" ID="st2-972"/><SP/><String HEIGHT="23" CONTENT="Wiley" WIDTH="59" HPOS="1096" VPOS="2032" ID="st2-973"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="1166" VPOS="2032" ID="st2-974"/><SP/><String HEIGHT="23" CONTENT="Sons" WIDTH="45" HPOS="1218" VPOS="2032" ID="st2-975"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="1263" VPOS="2032" ID="st2-976"/><SP/><String HEIGHT="23" CONTENT="provides" WIDTH="89" HPOS="1286" VPOS="2032" ID="st2-977"/><SP/><String HEIGHT="23" CONTENT="an" WIDTH="27" HPOS="1386" VPOS="2032" ID="st2-978"/><SP/><String HEIGHT="23" CONTENT="ex" WIDTH="22" HPOS="1424" VPOS="2032" ID="st2-979" SUBS_TYPE="HypPart1" SUBS_CONTENT="exhaustive"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="2032" HEIGHT="23"/></TextLine><TextLine HPOS="907" VPOS="2061" ID="tl2-121" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="haustive" WIDTH="87" HPOS="907" VPOS="2061" ID="st2-980" SUBS_TYPE="HypPart2" SUBS_CONTENT="exhaustive"/><SP/><String HEIGHT="24" CONTENT="historical" WIDTH="94" HPOS="1006" VPOS="2061" ID="st2-981"/><SP/><String HEIGHT="24" CONTENT="account" WIDTH="85" HPOS="1111" VPOS="2061" ID="st2-982"/><SP/><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="1207" VPOS="2061" ID="st2-983"/><SP/><String HEIGHT="24" CONTENT="financial" WIDTH="88" HPOS="1241" VPOS="2061" ID="st2-984"/><SP/><String HEIGHT="24" CONTENT="crises" WIDTH="57" HPOS="1340" VPOS="2061" ID="st2-985"/><SP/><String HEIGHT="24" CONTENT="ana" WIDTH="36" HPOS="1409" VPOS="2061" ID="st2-986" SUBS_TYPE="HypPart1" SUBS_CONTENT="analyzed"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="2061" HEIGHT="24"/></TextLine><TextLine HPOS="907" VPOS="2090" ID="tl2-122" WIDTH="353" HEIGHT="24"><String HEIGHT="24" CONTENT="lyzed" WIDTH="54" HPOS="907" VPOS="2090" ID="st2-987" SUBS_TYPE="HypPart2" SUBS_CONTENT="analyzed"/><SP/><String HEIGHT="24" CONTENT="under" WIDTH="63" HPOS="968" VPOS="2090" ID="st2-988"/><SP/><String HEIGHT="24" CONTENT="Minsky" WIDTH="68" HPOS="1038" VPOS="2090" ID="st2-989"/><String HEIGHT="24" CONTENT="’" WIDTH="11" HPOS="1106" VPOS="2090" ID="st2-990"/><String HEIGHT="24" CONTENT="s" WIDTH="12" HPOS="1117" VPOS="2090" ID="st2-991"/><SP/><String HEIGHT="24" CONTENT="framework" WIDTH="111" HPOS="1136" VPOS="2090" ID="st2-992"/><String HEIGHT="24" CONTENT="." WIDTH="13" HPOS="1247" VPOS="2090" ID="st2-993"/></TextLine></TextBlock></PrintSpace></Page><Page WIDTH="1652" PHYSICAL_IMG_NR="3" ID="p671705" HEIGHT="2338"><PrintSpace WIDTH="1652" HPOS="0" VPOS="0" ID="ps671705" HEIGHT="2338"><TextBlock WIDTH="1652" HPOS="0" VPOS="0" ID="tb671705" HEIGHT="2338"><TextLine HPOS="197" VPOS="103" ID="tl3-0" WIDTH="1224" HEIGHT="21"><String HEIGHT="21" CONTENT="Reflections" WIDTH="96" HPOS="197" VPOS="103" ID="st3-0"/><SP/><String HEIGHT="21" CONTENT="on" WIDTH="24" HPOS="299" VPOS="103" ID="st3-1"/><SP/><String HEIGHT="21" CONTENT="the" WIDTH="30" HPOS="328" VPOS="103" ID="st3-2"/><SP/><String HEIGHT="21" CONTENT="Current" WIDTH="70" HPOS="362" VPOS="103" ID="st3-3"/><SP/><String HEIGHT="21" CONTENT="Global" WIDTH="59" HPOS="437" VPOS="103" ID="st3-4"/><SP/><String HEIGHT="21" CONTENT="Crisis" WIDTH="47" HPOS="501" VPOS="103" ID="st3-5"/><SP/><String HEIGHT="21" CONTENT="FES" WIDTH="32" HPOS="670" VPOS="103" ID="st3-6"/><SP/><String HEIGHT="21" CONTENT="Briefing" WIDTH="72" HPOS="709" VPOS="103" ID="st3-7"/><SP/><String HEIGHT="21" CONTENT="Paper" WIDTH="53" HPOS="788" VPOS="103" ID="st3-8"/><SP/><String HEIGHT="21" CONTENT="6" WIDTH="12" HPOS="847" VPOS="103" ID="st3-9"/><String HEIGHT="21" CONTENT="|" WIDTH="5" HPOS="865" VPOS="103" ID="st3-10"/><SP/><String HEIGHT="21" CONTENT="May" WIDTH="41" HPOS="876" VPOS="103" ID="st3-11"/><SP/><String HEIGHT="21" CONTENT="2009" WIDTH="50" HPOS="923" VPOS="103" ID="st3-12"/><SP/><String HEIGHT="21" CONTENT="Page" WIDTH="45" HPOS="1376" VPOS="103" ID="st3-13"/></TextLine><TextLine HPOS="1439" VPOS="104" ID="tl3-1" WIDTH="12" HEIGHT="21"><String HEIGHT="21" CONTENT="3" WIDTH="12" HPOS="1439" VPOS="104" ID="st3-14"/></TextLine><TextLine HPOS="197" VPOS="204" ID="tl3-2" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="boom" WIDTH="61" HPOS="197" VPOS="204" ID="st3-15"/><String HEIGHT="26" CONTENT="." WIDTH="16" HPOS="258" VPOS="204" ID="st3-16"/><SP/><String HEIGHT="26" CONTENT="During" WIDTH="80" HPOS="291" VPOS="204" ID="st3-17"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="388" VPOS="204" ID="st3-18"/><SP/><String HEIGHT="26" CONTENT="booming" WIDTH="106" HPOS="444" VPOS="204" ID="st3-19"/><SP/><String HEIGHT="26" CONTENT="phase" WIDTH="64" HPOS="567" VPOS="204" ID="st3-20"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="631" VPOS="204" ID="st3-21"/><SP/><String HEIGHT="26" CONTENT="there" WIDTH="62" HPOS="661" VPOS="204" ID="st3-22"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="740" VPOS="204" ID="st3-23"/></TextLine><TextLine HPOS="197" VPOS="237" ID="tl3-3" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="widespread" WIDTH="135" HPOS="197" VPOS="237" ID="st3-24"/><SP/><String HEIGHT="26" CONTENT="optimistic" WIDTH="115" HPOS="340" VPOS="237" ID="st3-25"/><SP/><String HEIGHT="26" CONTENT="expectations" WIDTH="148" HPOS="463" VPOS="237" ID="st3-26"/><SP/><String HEIGHT="26" CONTENT="about" WIDTH="70" HPOS="619" VPOS="237" ID="st3-27"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="697" VPOS="237" ID="st3-28"/><SP/><String HEIGHT="26" CONTENT="fu" WIDTH="23" HPOS="743" VPOS="237" ID="st3-29" SUBS_TYPE="HypPart1" SUBS_CONTENT="future"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="237" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="270" ID="tl3-4" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="ture" WIDTH="44" HPOS="197" VPOS="270" ID="st3-30" SUBS_TYPE="HypPart2" SUBS_CONTENT="future"/><String HEIGHT="27" CONTENT="." WIDTH="11" HPOS="241" VPOS="270" ID="st3-31"/><SP/><String HEIGHT="27" CONTENT="Confidence" WIDTH="136" HPOS="266" VPOS="270" ID="st3-32"/><SP/><String HEIGHT="27" CONTENT="increases" WIDTH="107" HPOS="416" VPOS="270" ID="st3-33"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="537" VPOS="270" ID="st3-34"/><SP/><String HEIGHT="27" CONTENT="risk" WIDTH="40" HPOS="596" VPOS="270" ID="st3-35"/><SP/><String HEIGHT="27" CONTENT="perception" WIDTH="127" HPOS="650" VPOS="270" ID="st3-36"/></TextLine><TextLine HPOS="197" VPOS="304" ID="tl3-5" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="reduces" WIDTH="85" HPOS="197" VPOS="304" ID="st3-37"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="282" VPOS="304" ID="st3-38"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="22" HPOS="309" VPOS="304" ID="st3-39"/><SP/><String HEIGHT="26" CONTENT="this" WIDTH="42" HPOS="344" VPOS="304" ID="st3-40"/><SP/><String HEIGHT="26" CONTENT="environment" WIDTH="144" HPOS="399" VPOS="304" ID="st3-41"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="543" VPOS="304" ID="st3-42"/><SP/><String HEIGHT="26" CONTENT="economic" WIDTH="114" HPOS="571" VPOS="304" ID="st3-43"/><SP/><String HEIGHT="26" CONTENT="agents" WIDTH="79" HPOS="698" VPOS="304" ID="st3-44"/></TextLine><TextLine HPOS="197" VPOS="337" ID="tl3-6" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="take" WIDTH="51" HPOS="197" VPOS="337" ID="st3-45"/><SP/><String HEIGHT="26" CONTENT="risky" WIDTH="52" HPOS="258" VPOS="337" ID="st3-46"/><SP/><String HEIGHT="26" CONTENT="positions" WIDTH="105" HPOS="321" VPOS="337" ID="st3-47"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="436" VPOS="337" ID="st3-48"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="491" VPOS="337" ID="st3-49"/><SP/><String HEIGHT="26" CONTENT="system" WIDTH="80" HPOS="540" VPOS="337" ID="st3-50"/><SP/><String HEIGHT="26" CONTENT="becomes" WIDTH="105" HPOS="631" VPOS="337" ID="st3-51"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="746" VPOS="337" ID="st3-52" SUBS_TYPE="HypPart1" SUBS_CONTENT="increasingly"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="337" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="370" ID="tl3-7" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="creasingly" WIDTH="115" HPOS="197" VPOS="370" ID="st3-53" SUBS_TYPE="HypPart2" SUBS_CONTENT="increasingly"/><SP/><String HEIGHT="27" CONTENT="fragile" WIDTH="71" HPOS="328" VPOS="370" ID="st3-54"/><String HEIGHT="27" CONTENT="." WIDTH="11" HPOS="399" VPOS="370" ID="st3-55"/><SP/><String HEIGHT="27" CONTENT="At" WIDTH="27" HPOS="426" VPOS="370" ID="st3-56"/><SP/><String HEIGHT="27" CONTENT="some" WIDTH="63" HPOS="469" VPOS="370" ID="st3-57"/><SP/><String HEIGHT="27" CONTENT="point" WIDTH="57" HPOS="548" VPOS="370" ID="st3-58"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="605" VPOS="370" ID="st3-59"/><SP/><String HEIGHT="27" CONTENT="some" WIDTH="63" HPOS="633" VPOS="370" ID="st3-60"/><SP/><String HEIGHT="27" CONTENT="event" WIDTH="65" HPOS="712" VPOS="370" ID="st3-61"/></TextLine><TextLine HPOS="197" VPOS="404" ID="tl3-8" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="calls" WIDTH="49" HPOS="197" VPOS="404" ID="st3-62"/><SP/><String HEIGHT="26" CONTENT="agents" WIDTH="73" HPOS="256" VPOS="404" ID="st3-63"/><String HEIGHT="26" CONTENT="’" WIDTH="13" HPOS="329" VPOS="404" ID="st3-64"/><SP/><String HEIGHT="26" CONTENT="attention" WIDTH="109" HPOS="352" VPOS="404" ID="st3-65"/><SP/><String HEIGHT="26" CONTENT="about" WIDTH="70" HPOS="470" VPOS="404" ID="st3-66"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="550" VPOS="404" ID="st3-67"/><SP/><String HEIGHT="26" CONTENT="high" WIDTH="53" HPOS="598" VPOS="404" ID="st3-68"/><SP/><String HEIGHT="26" CONTENT="degree" WIDTH="82" HPOS="661" VPOS="404" ID="st3-69"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="753" VPOS="404" ID="st3-70"/></TextLine><TextLine HPOS="197" VPOS="437" ID="tl3-9" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="exposure" WIDTH="106" HPOS="197" VPOS="437" ID="st3-71"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="315" VPOS="437" ID="st3-72"/><SP/><String HEIGHT="26" CONTENT="risk" WIDTH="40" HPOS="352" VPOS="437" ID="st3-73"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="403" VPOS="437" ID="st3-74"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="437" VPOS="437" ID="st3-75"/><SP/><String HEIGHT="26" CONTENT="system" WIDTH="75" HPOS="487" VPOS="437" ID="st3-76"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="562" VPOS="437" ID="st3-77"/><SP/><String HEIGHT="26" CONTENT="A" WIDTH="19" HPOS="587" VPOS="437" ID="st3-78"/><SP/><String HEIGHT="26" CONTENT="phase" WIDTH="69" HPOS="618" VPOS="437" ID="st3-79"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="699" VPOS="437" ID="st3-80"/><SP/><String HEIGHT="26" CONTENT="dis" WIDTH="31" HPOS="736" VPOS="437" ID="st3-81" SUBS_TYPE="HypPart1" SUBS_CONTENT="distress"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="437" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="470" ID="tl3-10" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="tress" WIDTH="54" HPOS="197" VPOS="470" ID="st3-82" SUBS_TYPE="HypPart2" SUBS_CONTENT="distress"/><SP/><String HEIGHT="27" CONTENT="begins" WIDTH="72" HPOS="260" VPOS="470" ID="st3-83"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="332" VPOS="470" ID="st3-84"/><SP/><String HEIGHT="27" CONTENT="The" WIDTH="43" HPOS="355" VPOS="470" ID="st3-85"/><SP/><String HEIGHT="27" CONTENT="emerging" WIDTH="113" HPOS="408" VPOS="470" ID="st3-86"/><SP/><String HEIGHT="27" CONTENT="perception" WIDTH="127" HPOS="530" VPOS="470" ID="st3-87"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="667" VPOS="470" ID="st3-88"/><SP/><String HEIGHT="27" CONTENT="higher" WIDTH="76" HPOS="701" VPOS="470" ID="st3-89"/></TextLine><TextLine HPOS="197" VPOS="504" ID="tl3-11" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="risk" WIDTH="40" HPOS="197" VPOS="504" ID="st3-90"/><SP/><String HEIGHT="26" CONTENT="makes" WIDTH="75" HPOS="246" VPOS="504" ID="st3-91"/><SP/><String HEIGHT="26" CONTENT="most" WIDTH="59" HPOS="330" VPOS="504" ID="st3-92"/><SP/><String HEIGHT="26" CONTENT="agents" WIDTH="79" HPOS="398" VPOS="504" ID="st3-93"/><SP/><String HEIGHT="26" CONTENT="switch" WIDTH="76" HPOS="486" VPOS="504" ID="st3-94"/><SP/><String HEIGHT="26" CONTENT="their" WIDTH="54" HPOS="571" VPOS="504" ID="st3-95"/><SP/><String HEIGHT="26" CONTENT="portfolios" WIDTH="112" HPOS="634" VPOS="504" ID="st3-96"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="755" VPOS="504" ID="st3-97"/></TextLine><TextLine HPOS="197" VPOS="537" ID="tl3-12" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="favor" WIDTH="60" HPOS="197" VPOS="537" ID="st3-98"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="269" VPOS="537" ID="st3-99"/><SP/><String HEIGHT="26" CONTENT="safer" WIDTH="58" HPOS="305" VPOS="537" ID="st3-100"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="374" VPOS="537" ID="st3-101"/><SP/><String HEIGHT="26" CONTENT="liquid" WIDTH="65" HPOS="431" VPOS="537" ID="st3-102"/><SP/><String HEIGHT="26" CONTENT="assets" WIDTH="66" HPOS="508" VPOS="537" ID="st3-103"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="574" VPOS="537" ID="st3-104"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="597" VPOS="537" ID="st3-105"/><SP/><String HEIGHT="26" CONTENT="excess" WIDTH="75" HPOS="652" VPOS="537" ID="st3-106"/><SP/><String HEIGHT="26" CONTENT="de" WIDTH="26" HPOS="739" VPOS="537" ID="st3-107" SUBS_TYPE="HypPart1" SUBS_CONTENT="demand"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="537" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="570" ID="tl3-13" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="mand" WIDTH="68" HPOS="197" VPOS="570" ID="st3-108" SUBS_TYPE="HypPart2" SUBS_CONTENT="demand"/><SP/><String HEIGHT="27" CONTENT="for" WIDTH="34" HPOS="278" VPOS="570" ID="st3-109"/><SP/><String HEIGHT="27" CONTENT="liquidity" WIDTH="93" HPOS="325" VPOS="570" ID="st3-110"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="431" VPOS="570" ID="st3-111"/><SP/><String HEIGHT="27" CONTENT="low" WIDTH="34" HPOS="489" VPOS="570" ID="st3-112"/><String HEIGHT="27" CONTENT="-" WIDTH="12" HPOS="523" VPOS="570" ID="st3-113"/><String HEIGHT="27" CONTENT="risk" WIDTH="47" HPOS="535" VPOS="570" ID="st3-114"/><SP/><String HEIGHT="27" CONTENT="assets" WIDTH="69" HPOS="595" VPOS="570" ID="st3-115"/><SP/><String HEIGHT="27" CONTENT="ends" WIDTH="56" HPOS="677" VPOS="570" ID="st3-116"/><SP/><String HEIGHT="27" CONTENT="up" WIDTH="31" HPOS="746" VPOS="570" ID="st3-117"/></TextLine><TextLine HPOS="197" VPOS="604" ID="tl3-14" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="pricking" WIDTH="94" HPOS="197" VPOS="604" ID="st3-118"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="303" VPOS="604" ID="st3-119"/><SP/><String HEIGHT="26" CONTENT="bubble" WIDTH="77" HPOS="353" VPOS="604" ID="st3-120"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="430" VPOS="604" ID="st3-121"/><SP/><String HEIGHT="26" CONTENT="which" WIDTH="71" HPOS="455" VPOS="604" ID="st3-122"/><SP/><String HEIGHT="26" CONTENT="results" WIDTH="76" HPOS="538" VPOS="604" ID="st3-123"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="626" VPOS="604" ID="st3-124"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="660" VPOS="604" ID="st3-125"/><SP/><String HEIGHT="26" CONTENT="massive" WIDTH="91" HPOS="686" VPOS="604" ID="st3-126"/></TextLine><TextLine HPOS="197" VPOS="637" ID="tl3-15" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="loss" WIDTH="43" HPOS="197" VPOS="637" ID="st3-127"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="252" VPOS="637" ID="st3-128"/><SP/><String HEIGHT="26" CONTENT="wealth" WIDTH="75" HPOS="290" VPOS="637" ID="st3-129"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="365" VPOS="637" ID="st3-130"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="22" HPOS="390" VPOS="637" ID="st3-131"/><SP/><String HEIGHT="26" CONTENT="this" WIDTH="42" HPOS="424" VPOS="637" ID="st3-132"/><SP/><String HEIGHT="26" CONTENT="contractive" WIDTH="129" HPOS="479" VPOS="637" ID="st3-133"/><SP/><String HEIGHT="26" CONTENT="phase" WIDTH="64" HPOS="621" VPOS="637" ID="st3-134"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="685" VPOS="637" ID="st3-135"/><SP/><String HEIGHT="26" CONTENT="pessi" WIDTH="55" HPOS="711" VPOS="637" ID="st3-136" SUBS_TYPE="HypPart1" SUBS_CONTENT="pessimistic"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="637" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="670" ID="tl3-16" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="mistic" WIDTH="68" HPOS="197" VPOS="670" ID="st3-137" SUBS_TYPE="HypPart2" SUBS_CONTENT="pessimistic"/><SP/><String HEIGHT="27" CONTENT="expectations" WIDTH="148" HPOS="290" VPOS="670" ID="st3-138"/><SP/><String HEIGHT="27" CONTENT="are" WIDTH="37" HPOS="464" VPOS="670" ID="st3-139"/><SP/><String HEIGHT="27" CONTENT="dominant" WIDTH="108" HPOS="526" VPOS="670" ID="st3-140"/><String HEIGHT="27" CONTENT="." WIDTH="14" HPOS="634" VPOS="670" ID="st3-141"/><SP/><String HEIGHT="27" CONTENT="Negative" WIDTH="103" HPOS="674" VPOS="670" ID="st3-142"/></TextLine><TextLine HPOS="197" VPOS="704" ID="tl3-17" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="feedback" WIDTH="108" HPOS="197" VPOS="704" ID="st3-143"/><SP/><String HEIGHT="26" CONTENT="effects" WIDTH="79" HPOS="316" VPOS="704" ID="st3-144"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="407" VPOS="704" ID="st3-145"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="456" VPOS="704" ID="st3-146"/><SP/><String HEIGHT="26" CONTENT="rule" WIDTH="44" HPOS="507" VPOS="704" ID="st3-147"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="563" VPOS="704" ID="st3-148"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="597" VPOS="704" ID="st3-149"/><SP/><String HEIGHT="26" CONTENT="contractive" WIDTH="130" HPOS="647" VPOS="704" ID="st3-150"/></TextLine><TextLine HPOS="197" VPOS="737" ID="tl3-18" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="process" WIDTH="83" HPOS="197" VPOS="737" ID="st3-151"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="280" VPOS="737" ID="st3-152"/><SP/><String HEIGHT="26" CONTENT="just" WIDTH="42" HPOS="307" VPOS="737" ID="st3-153"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="25" HPOS="364" VPOS="737" ID="st3-154"/><SP/><String HEIGHT="26" CONTENT="positive" WIDTH="90" HPOS="403" VPOS="737" ID="st3-155"/><SP/><String HEIGHT="26" CONTENT="ones" WIDTH="56" HPOS="508" VPOS="737" ID="st3-156"/><SP/><String HEIGHT="26" CONTENT="prevailed" WIDTH="107" HPOS="578" VPOS="737" ID="st3-157"/><SP/><String HEIGHT="26" CONTENT="during" WIDTH="77" HPOS="700" VPOS="737" ID="st3-158"/></TextLine><TextLine HPOS="197" VPOS="770" ID="tl3-19" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="197" VPOS="770" ID="st3-159"/><SP/><String HEIGHT="27" CONTENT="booming" WIDTH="106" HPOS="250" VPOS="770" ID="st3-160"/><SP/><String HEIGHT="27" CONTENT="phase" WIDTH="64" HPOS="371" VPOS="770" ID="st3-161"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="435" VPOS="770" ID="st3-162"/><SP/><String HEIGHT="27" CONTENT="The" WIDTH="43" HPOS="463" VPOS="770" ID="st3-163"/><SP/><String HEIGHT="27" CONTENT="deflationary" WIDTH="141" HPOS="520" VPOS="770" ID="st3-164"/><SP/><String HEIGHT="27" CONTENT="develop" WIDTH="90" HPOS="675" VPOS="770" ID="st3-165" SUBS_TYPE="HypPart1" SUBS_CONTENT="developments"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="770" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="804" ID="tl3-20" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="ments" WIDTH="72" HPOS="197" VPOS="804" ID="st3-166" SUBS_TYPE="HypPart2" SUBS_CONTENT="developments"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="279" VPOS="804" ID="st3-167"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="310" VPOS="804" ID="st3-168"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="358" VPOS="804" ID="st3-169"/><SP/><String HEIGHT="26" CONTENT="markets" WIDTH="94" HPOS="467" VPOS="804" ID="st3-170"/><SP/><String HEIGHT="26" CONTENT="turn" WIDTH="49" HPOS="571" VPOS="804" ID="st3-171"/><SP/><String HEIGHT="26" CONTENT="most" WIDTH="59" HPOS="630" VPOS="804" ID="st3-172"/><SP/><String HEIGHT="26" CONTENT="agents" WIDTH="79" HPOS="698" VPOS="804" ID="st3-173"/></TextLine><TextLine HPOS="197" VPOS="837" ID="tl3-21" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="either" WIDTH="67" HPOS="197" VPOS="837" ID="st3-174"/><SP/><String HEIGHT="26" CONTENT="liquidity" WIDTH="102" HPOS="278" VPOS="837" ID="st3-175"/><String HEIGHT="26" CONTENT="-" WIDTH="12" HPOS="380" VPOS="837" ID="st3-176"/><String HEIGHT="26" CONTENT="constrained" WIDTH="126" HPOS="392" VPOS="837" ID="st3-177"/><SP/><String HEIGHT="26" CONTENT="or" WIDTH="24" HPOS="532" VPOS="837" ID="st3-178"/><SP/><String HEIGHT="26" CONTENT="bankrupt" WIDTH="103" HPOS="570" VPOS="837" ID="st3-179"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="673" VPOS="837" ID="st3-180"/><SP/><String HEIGHT="26" CONTENT="affect" WIDTH="66" HPOS="700" VPOS="837" ID="st3-181" SUBS_TYPE="HypPart1" SUBS_CONTENT="affecting"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="837" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="870" ID="tl3-22" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="ing" WIDTH="37" HPOS="197" VPOS="870" ID="st3-182" SUBS_TYPE="HypPart2" SUBS_CONTENT="affecting"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="243" VPOS="870" ID="st3-183"/><SP/><String HEIGHT="27" CONTENT="either" WIDTH="68" HPOS="274" VPOS="870" ID="st3-184"/><SP/><String HEIGHT="27" CONTENT="case" WIDTH="51" HPOS="352" VPOS="870" ID="st3-185"/><SP/><String HEIGHT="27" CONTENT="their" WIDTH="54" HPOS="412" VPOS="870" ID="st3-186"/><SP/><String HEIGHT="27" CONTENT="spending" WIDTH="108" HPOS="476" VPOS="870" ID="st3-187"/><SP/><String HEIGHT="27" CONTENT="decisions" WIDTH="107" HPOS="593" VPOS="870" ID="st3-188"/><SP/><String HEIGHT="27" CONTENT="nega" WIDTH="55" HPOS="709" VPOS="870" ID="st3-189" SUBS_TYPE="HypPart1" SUBS_CONTENT="negatively"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="870" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="904" ID="tl3-23" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="tively" WIDTH="58" HPOS="197" VPOS="904" ID="st3-190" SUBS_TYPE="HypPart2" SUBS_CONTENT="negatively"/><String HEIGHT="26" CONTENT="." WIDTH="10" HPOS="255" VPOS="904" ID="st3-191"/><SP/><String HEIGHT="26" CONTENT="Private" WIDTH="79" HPOS="276" VPOS="904" ID="st3-192"/><SP/><String HEIGHT="26" CONTENT="consumption" WIDTH="154" HPOS="367" VPOS="904" ID="st3-193"/><SP/><String HEIGHT="26" CONTENT="falls" WIDTH="46" HPOS="533" VPOS="904" ID="st3-194"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="591" VPOS="904" ID="st3-195"/><SP/><String HEIGHT="26" CONTENT="investment" WIDTH="130" HPOS="647" VPOS="904" ID="st3-196"/></TextLine><TextLine HPOS="197" VPOS="937" ID="tl3-24" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="collapses" WIDTH="101" HPOS="197" VPOS="937" ID="st3-197"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="298" VPOS="937" ID="st3-198"/><SP/><String HEIGHT="26" CONTENT="What" WIDTH="65" HPOS="322" VPOS="937" ID="st3-199"/><SP/><String HEIGHT="26" CONTENT="started" WIDTH="82" HPOS="399" VPOS="937" ID="st3-200"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="24" HPOS="494" VPOS="937" ID="st3-201"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="531" VPOS="937" ID="st3-202"/><SP/><String HEIGHT="26" CONTENT="contraction" WIDTH="135" HPOS="557" VPOS="937" ID="st3-203"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="704" VPOS="937" ID="st3-204"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="738" VPOS="937" ID="st3-205"/></TextLine><TextLine HPOS="197" VPOS="970" ID="tl3-25" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="financial" WIDTH="98" HPOS="197" VPOS="970" ID="st3-206"/><SP/><String HEIGHT="27" CONTENT="sector" WIDTH="71" HPOS="303" VPOS="970" ID="st3-207"/><SP/><String HEIGHT="27" CONTENT="has" WIDTH="40" HPOS="382" VPOS="970" ID="st3-208"/><SP/><String HEIGHT="27" CONTENT="now" WIDTH="53" HPOS="430" VPOS="970" ID="st3-209"/><SP/><String HEIGHT="27" CONTENT="spread" WIDTH="78" HPOS="491" VPOS="970" ID="st3-210"/><SP/><String HEIGHT="27" CONTENT="out" WIDTH="40" HPOS="577" VPOS="970" ID="st3-211"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="625" VPOS="970" ID="st3-212"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="658" VPOS="970" ID="st3-213"/><SP/><String HEIGHT="27" CONTENT="whole" WIDTH="73" HPOS="704" VPOS="970" ID="st3-214"/></TextLine><TextLine HPOS="197" VPOS="1004" ID="tl3-26" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="economy" WIDTH="100" HPOS="197" VPOS="1004" ID="st3-215"/><String HEIGHT="26" CONTENT="." WIDTH="15" HPOS="297" VPOS="1004" ID="st3-216"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="322" VPOS="1004" ID="st3-217"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="375" VPOS="1004" ID="st3-218"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="484" VPOS="1004" ID="st3-219"/><SP/><String HEIGHT="26" CONTENT="leads" WIDTH="60" HPOS="550" VPOS="1004" ID="st3-220"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="620" VPOS="1004" ID="st3-221"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="655" VPOS="1004" ID="st3-222"/><SP/><String HEIGHT="26" CONTENT="systemic" WIDTH="99" HPOS="678" VPOS="1004" ID="st3-223"/></TextLine><TextLine HPOS="197" VPOS="1037" ID="tl3-27" WIDTH="185" HEIGHT="26"><String HEIGHT="26" CONTENT="economic" WIDTH="114" HPOS="197" VPOS="1037" ID="st3-224"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="54" HPOS="318" VPOS="1037" ID="st3-225"/><String HEIGHT="26" CONTENT="." WIDTH="10" HPOS="372" VPOS="1037" ID="st3-226"/></TextLine><TextLine HPOS="197" VPOS="1087" ID="tl3-28" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="Since" WIDTH="61" HPOS="197" VPOS="1087" ID="st3-227"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="282" VPOS="1087" ID="st3-228"/><SP/><String HEIGHT="26" CONTENT="1970s" WIDTH="66" HPOS="344" VPOS="1087" ID="st3-229"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="410" VPOS="1087" ID="st3-230"/><SP/><String HEIGHT="26" CONTENT="Minskyan" WIDTH="113" HPOS="448" VPOS="1087" ID="st3-231"/><SP/><String HEIGHT="26" CONTENT="boom" WIDTH="55" HPOS="584" VPOS="1087" ID="st3-232"/><String HEIGHT="26" CONTENT="-" WIDTH="13" HPOS="639" VPOS="1087" ID="st3-233"/><String HEIGHT="26" CONTENT="and" WIDTH="42" HPOS="652" VPOS="1087" ID="st3-234"/><String HEIGHT="26" CONTENT="-" WIDTH="14" HPOS="694" VPOS="1087" ID="st3-235"/><String HEIGHT="26" CONTENT="bust" WIDTH="56" HPOS="708" VPOS="1087" ID="st3-236" SUBS_TYPE="HypPart1" SUBS_CONTENT="bustcycles"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1087" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1120" ID="tl3-29" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="cycles" WIDTH="68" HPOS="197" VPOS="1120" ID="st3-237" SUBS_TYPE="HypPart2" SUBS_CONTENT="bustcycles"/><SP/><String HEIGHT="27" CONTENT="have" WIDTH="56" HPOS="273" VPOS="1120" ID="st3-238"/><SP/><String HEIGHT="27" CONTENT="been" WIDTH="59" HPOS="337" VPOS="1120" ID="st3-239"/><SP/><String HEIGHT="27" CONTENT="observed" WIDTH="107" HPOS="404" VPOS="1120" ID="st3-240"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="519" VPOS="1120" ID="st3-241"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="549" VPOS="1120" ID="st3-242"/><SP/><String HEIGHT="27" CONTENT="number" WIDTH="93" HPOS="572" VPOS="1120" ID="st3-243"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="673" VPOS="1120" ID="st3-244"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="60" HPOS="706" VPOS="1120" ID="st3-245"/><String HEIGHT="27" CONTENT="," WIDTH="11" HPOS="766" VPOS="1120" ID="st3-246"/></TextLine><TextLine HPOS="197" VPOS="1154" ID="tl3-30" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="such" WIDTH="54" HPOS="197" VPOS="1154" ID="st3-247"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="25" HPOS="263" VPOS="1154" ID="st3-248"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="300" VPOS="1154" ID="st3-249"/><SP/><String HEIGHT="26" CONTENT="Argentina" WIDTH="117" HPOS="335" VPOS="1154" ID="st3-250"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="464" VPOS="1154" ID="st3-251"/><SP/><String HEIGHT="26" CONTENT="Chile" WIDTH="60" HPOS="522" VPOS="1154" ID="st3-252"/><String HEIGHT="26" CONTENT="(" WIDTH="12" HPOS="595" VPOS="1154" ID="st3-253"/><String HEIGHT="26" CONTENT="1979" WIDTH="48" HPOS="607" VPOS="1154" ID="st3-254"/><String HEIGHT="26" CONTENT=")" WIDTH="12" HPOS="655" VPOS="1154" ID="st3-255"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="667" VPOS="1154" ID="st3-256"/><SP/><String HEIGHT="26" CONTENT="Mexico" WIDTH="85" HPOS="692" VPOS="1154" ID="st3-257"/></TextLine><TextLine HPOS="197" VPOS="1187" ID="tl3-31" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="197" VPOS="1187" ID="st3-258"/><SP/><String HEIGHT="26" CONTENT="Argentina" WIDTH="117" HPOS="252" VPOS="1187" ID="st3-259"/><String HEIGHT="26" CONTENT="(" WIDTH="12" HPOS="379" VPOS="1187" ID="st3-260"/><String HEIGHT="26" CONTENT="1995" WIDTH="48" HPOS="391" VPOS="1187" ID="st3-261"/><String HEIGHT="26" CONTENT=")" WIDTH="12" HPOS="439" VPOS="1187" ID="st3-262"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="451" VPOS="1187" ID="st3-263"/><SP/><String HEIGHT="26" CONTENT="East" WIDTH="48" HPOS="474" VPOS="1187" ID="st3-264"/><SP/><String HEIGHT="26" CONTENT="Asia" WIDTH="50" HPOS="532" VPOS="1187" ID="st3-265"/><String HEIGHT="26" CONTENT="(" WIDTH="12" HPOS="592" VPOS="1187" ID="st3-266"/><String HEIGHT="26" CONTENT="1997/98" WIDTH="87" HPOS="604" VPOS="1187" ID="st3-267"/><String HEIGHT="26" CONTENT=")" WIDTH="12" HPOS="691" VPOS="1187" ID="st3-268"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="703" VPOS="1187" ID="st3-269"/><SP/><String HEIGHT="26" CONTENT="Rus" WIDTH="39" HPOS="726" VPOS="1187" ID="st3-270" SUBS_TYPE="HypPart1" SUBS_CONTENT="Russia"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="1187" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1220" ID="tl3-32" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="sia" WIDTH="30" HPOS="197" VPOS="1220" ID="st3-271" SUBS_TYPE="HypPart2" SUBS_CONTENT="Russia"/><String HEIGHT="27" CONTENT="(" WIDTH="12" HPOS="240" VPOS="1220" ID="st3-272"/><String HEIGHT="27" CONTENT="1998" WIDTH="48" HPOS="252" VPOS="1220" ID="st3-273"/><String HEIGHT="27" CONTENT=")" WIDTH="12" HPOS="300" VPOS="1220" ID="st3-274"/><String HEIGHT="27" CONTENT="," WIDTH="13" HPOS="312" VPOS="1220" ID="st3-275"/><SP/><String HEIGHT="27" CONTENT="Brazil" WIDTH="63" HPOS="338" VPOS="1220" ID="st3-276"/><String HEIGHT="27" CONTENT="(" WIDTH="12" HPOS="413" VPOS="1220" ID="st3-277"/><String HEIGHT="27" CONTENT="1999" WIDTH="49" HPOS="425" VPOS="1220" ID="st3-278"/><String HEIGHT="27" CONTENT=")" WIDTH="12" HPOS="474" VPOS="1220" ID="st3-279"/><String HEIGHT="27" CONTENT="," WIDTH="13" HPOS="486" VPOS="1220" ID="st3-280"/><SP/><String HEIGHT="27" CONTENT="Turkey" WIDTH="79" HPOS="511" VPOS="1220" ID="st3-281"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="602" VPOS="1220" ID="st3-282"/><SP/><String HEIGHT="27" CONTENT="Argentina" WIDTH="117" HPOS="660" VPOS="1220" ID="st3-283"/></TextLine><TextLine HPOS="197" VPOS="1254" ID="tl3-33" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="(" WIDTH="12" HPOS="197" VPOS="1254" ID="st3-284"/><String HEIGHT="26" CONTENT="2001" WIDTH="48" HPOS="209" VPOS="1254" ID="st3-285"/><String HEIGHT="26" CONTENT=")" WIDTH="12" HPOS="257" VPOS="1254" ID="st3-286"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="269" VPOS="1254" ID="st3-287"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="297" VPOS="1254" ID="st3-288"/><SP/><String HEIGHT="26" CONTENT="all" WIDTH="27" HPOS="333" VPOS="1254" ID="st3-289"/><SP/><String HEIGHT="26" CONTENT="these" WIDTH="64" HPOS="374" VPOS="1254" ID="st3-290"/><SP/><String HEIGHT="26" CONTENT="episodes" WIDTH="96" HPOS="453" VPOS="1254" ID="st3-291"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="549" VPOS="1254" ID="st3-292"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="577" VPOS="1254" ID="st3-293"/><SP/><String HEIGHT="26" CONTENT="were" WIDTH="59" HPOS="655" VPOS="1254" ID="st3-294"/><SP/><String HEIGHT="26" CONTENT="pre" WIDTH="36" HPOS="729" VPOS="1254" ID="st3-295" SUBS_TYPE="HypPart1" SUBS_CONTENT="preceded"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="1254" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1287" ID="tl3-34" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="ceded" WIDTH="71" HPOS="197" VPOS="1287" ID="st3-296" SUBS_TYPE="HypPart2" SUBS_CONTENT="preceded"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="28" HPOS="280" VPOS="1287" ID="st3-297"/><SP/><String HEIGHT="26" CONTENT="periods" WIDTH="86" HPOS="321" VPOS="1287" ID="st3-298"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="420" VPOS="1287" ID="st3-299"/><SP/><String HEIGHT="26" CONTENT="boom" WIDTH="61" HPOS="458" VPOS="1287" ID="st3-300"/><String HEIGHT="26" CONTENT="," WIDTH="16" HPOS="519" VPOS="1287" ID="st3-301"/><SP/><String HEIGHT="26" CONTENT="where" WIDTH="74" HPOS="548" VPOS="1287" ID="st3-302"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="98" HPOS="635" VPOS="1287" ID="st3-303"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="746" VPOS="1287" ID="st3-304" SUBS_TYPE="HypPart1" SUBS_CONTENT="intermediation"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1287" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1320" ID="tl3-35" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="termediation" WIDTH="151" HPOS="197" VPOS="1320" ID="st3-305" SUBS_TYPE="HypPart2" SUBS_CONTENT="intermediation"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="359" VPOS="1320" ID="st3-306"/><SP/><String HEIGHT="27" CONTENT="asset" WIDTH="59" HPOS="414" VPOS="1320" ID="st3-307"/><SP/><String HEIGHT="27" CONTENT="price" WIDTH="57" HPOS="484" VPOS="1320" ID="st3-308"/><SP/><String HEIGHT="27" CONTENT="bubbles" WIDTH="92" HPOS="552" VPOS="1320" ID="st3-309"/><SP/><String HEIGHT="27" CONTENT="developed" WIDTH="122" HPOS="655" VPOS="1320" ID="st3-310"/></TextLine><TextLine HPOS="197" VPOS="1354" ID="tl3-36" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="197" VPOS="1354" ID="st3-311"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="13" HPOS="232" VPOS="1354" ID="st3-312"/><SP/><String HEIGHT="26" CONTENT="context" WIDTH="88" HPOS="259" VPOS="1354" ID="st3-313"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="360" VPOS="1354" ID="st3-314"/><SP/><String HEIGHT="26" CONTENT="increasing" WIDTH="119" HPOS="398" VPOS="1354" ID="st3-315"/><SP/><String HEIGHT="26" CONTENT="risk" WIDTH="45" HPOS="530" VPOS="1354" ID="st3-316"/><String HEIGHT="26" CONTENT="-" WIDTH="11" HPOS="575" VPOS="1354" ID="st3-317"/><String HEIGHT="26" CONTENT="taking" WIDTH="68" HPOS="586" VPOS="1354" ID="st3-318"/><SP/><String HEIGHT="26" CONTENT="behavior" WIDTH="97" HPOS="667" VPOS="1354" ID="st3-319"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="764" VPOS="1354" ID="st3-320"/></TextLine><TextLine HPOS="197" VPOS="1387" ID="tl3-37" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="197" VPOS="1387" ID="st3-321"/><SP/><String HEIGHT="26" CONTENT="analysis" WIDTH="89" HPOS="249" VPOS="1387" ID="st3-322"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="347" VPOS="1387" ID="st3-323"/><SP/><String HEIGHT="26" CONTENT="all" WIDTH="26" HPOS="381" VPOS="1387" ID="st3-324"/><SP/><String HEIGHT="26" CONTENT="these" WIDTH="63" HPOS="417" VPOS="1387" ID="st3-325"/><SP/><String HEIGHT="26" CONTENT="episodes" WIDTH="102" HPOS="489" VPOS="1387" ID="st3-326"/><SP/><String HEIGHT="26" CONTENT="shows" WIDTH="74" HPOS="600" VPOS="1387" ID="st3-327"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="683" VPOS="1387" ID="st3-328"/><SP/><String HEIGHT="26" CONTENT="cri" WIDTH="28" HPOS="740" VPOS="1387" ID="st3-329" SUBS_TYPE="HypPart1" SUBS_CONTENT="crises"/><HYP CONTENT="-" WIDTH="9" HPOS="768" VPOS="1387" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1420" ID="tl3-38" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="ses" WIDTH="35" HPOS="197" VPOS="1420" ID="st3-330" SUBS_TYPE="HypPart2" SUBS_CONTENT="crises"/><SP/><String HEIGHT="27" CONTENT="did" WIDTH="38" HPOS="242" VPOS="1420" ID="st3-331"/><SP/><String HEIGHT="27" CONTENT="not" WIDTH="40" HPOS="290" VPOS="1420" ID="st3-332"/><SP/><String HEIGHT="27" CONTENT="result" WIDTH="65" HPOS="340" VPOS="1420" ID="st3-333"/><SP/><String HEIGHT="27" CONTENT="from" WIDTH="57" HPOS="416" VPOS="1420" ID="st3-334"/><SP/><String HEIGHT="27" CONTENT="unsustainable" WIDTH="162" HPOS="483" VPOS="1420" ID="st3-335"/><SP/><String HEIGHT="27" CONTENT="fiscal" WIDTH="58" HPOS="656" VPOS="1420" ID="st3-336"/><SP/><String HEIGHT="27" CONTENT="poli" WIDTH="43" HPOS="724" VPOS="1420" ID="st3-337" SUBS_TYPE="HypPart1" SUBS_CONTENT="policies"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1420" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1454" ID="tl3-39" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="cies" WIDTH="40" HPOS="197" VPOS="1454" ID="st3-338" SUBS_TYPE="HypPart2" SUBS_CONTENT="policies"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="237" VPOS="1454" ID="st3-339"/><SP/><String HEIGHT="26" CONTENT="negative" WIDTH="101" HPOS="261" VPOS="1454" ID="st3-340"/><SP/><String HEIGHT="26" CONTENT="external" WIDTH="94" HPOS="376" VPOS="1454" ID="st3-341"/><SP/><String HEIGHT="26" CONTENT="shocks" WIDTH="78" HPOS="484" VPOS="1454" ID="st3-342"/><SP/><String HEIGHT="26" CONTENT="or" WIDTH="25" HPOS="576" VPOS="1454" ID="st3-343"/><SP/><String HEIGHT="26" CONTENT="moral" WIDTH="68" HPOS="615" VPOS="1454" ID="st3-344"/><SP/><String HEIGHT="26" CONTENT="hazard" WIDTH="80" HPOS="697" VPOS="1454" ID="st3-345"/></TextLine><TextLine HPOS="197" VPOS="1487" ID="tl3-40" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="behavior" WIDTH="101" HPOS="197" VPOS="1487" ID="st3-346"/><SP/><String HEIGHT="26" CONTENT="due" WIDTH="44" HPOS="311" VPOS="1487" ID="st3-347"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="368" VPOS="1487" ID="st3-348"/><SP/><String HEIGHT="26" CONTENT="explicit" WIDTH="82" HPOS="405" VPOS="1487" ID="st3-349"/><SP/><String HEIGHT="26" CONTENT="or" WIDTH="25" HPOS="499" VPOS="1487" ID="st3-350"/><SP/><String HEIGHT="26" CONTENT="implicit" WIDTH="85" HPOS="536" VPOS="1487" ID="st3-351"/><SP/><String HEIGHT="26" CONTENT="government" WIDTH="144" HPOS="633" VPOS="1487" ID="st3-352"/></TextLine><TextLine HPOS="197" VPOS="1520" ID="tl3-41" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="guarantees" WIDTH="126" HPOS="197" VPOS="1520" ID="st3-353"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="323" VPOS="1520" ID="st3-354"/><SP/><String HEIGHT="27" CONTENT="They" WIDTH="55" HPOS="352" VPOS="1520" ID="st3-355"/><SP/><String HEIGHT="27" CONTENT="arose" WIDTH="59" HPOS="423" VPOS="1520" ID="st3-356"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="482" VPOS="1520" ID="st3-357"/><SP/><String HEIGHT="27" CONTENT="instead" WIDTH="81" HPOS="510" VPOS="1520" ID="st3-358"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="591" VPOS="1520" ID="st3-359"/><SP/><String HEIGHT="27" CONTENT="from" WIDTH="57" HPOS="619" VPOS="1520" ID="st3-360"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="692" VPOS="1520" ID="st3-361"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="746" VPOS="1520" ID="st3-362" SUBS_TYPE="HypPart1" SUBS_CONTENT="increasing"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1520" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1554" ID="tl3-42" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="creasing" WIDTH="97" HPOS="197" VPOS="1554" ID="st3-363" SUBS_TYPE="HypPart2" SUBS_CONTENT="increasing"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="98" HPOS="314" VPOS="1554" ID="st3-364"/><SP/><String HEIGHT="26" CONTENT="fragility" WIDTH="88" HPOS="432" VPOS="1554" ID="st3-365"/><SP/><String HEIGHT="26" CONTENT="resulting" WIDTH="101" HPOS="540" VPOS="1554" ID="st3-366"/><SP/><String HEIGHT="26" CONTENT="from" WIDTH="57" HPOS="661" VPOS="1554" ID="st3-367"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="738" VPOS="1554" ID="st3-368"/></TextLine><TextLine HPOS="197" VPOS="1587" ID="tl3-43" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="combination" WIDTH="148" HPOS="197" VPOS="1587" ID="st3-369"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="355" VPOS="1587" ID="st3-370"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="389" VPOS="1587" ID="st3-371"/><SP/><String HEIGHT="26" CONTENT="higher" WIDTH="76" HPOS="413" VPOS="1587" ID="st3-372"/><SP/><String HEIGHT="26" CONTENT="appetite" WIDTH="98" HPOS="499" VPOS="1587" ID="st3-373"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="33" HPOS="607" VPOS="1587" ID="st3-374"/><SP/><String HEIGHT="26" CONTENT="risk" WIDTH="40" HPOS="650" VPOS="1587" ID="st3-375"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="27" HPOS="701" VPOS="1587" ID="st3-376"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="738" VPOS="1587" ID="st3-377"/></TextLine><TextLine HPOS="197" VPOS="1620" ID="tl3-44" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="private" WIDTH="80" HPOS="197" VPOS="1620" ID="st3-378"/><SP/><String HEIGHT="27" CONTENT="sector" WIDTH="71" HPOS="289" VPOS="1620" ID="st3-379"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="372" VPOS="1620" ID="st3-380"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="429" VPOS="1620" ID="st3-381"/><SP/><String HEIGHT="27" CONTENT="lax" WIDTH="33" HPOS="455" VPOS="1620" ID="st3-382"/><SP/><String HEIGHT="27" CONTENT="public" WIDTH="71" HPOS="500" VPOS="1620" ID="st3-383"/><SP/><String HEIGHT="27" CONTENT="regulation" WIDTH="120" HPOS="583" VPOS="1620" ID="st3-384"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="716" VPOS="1620" ID="st3-385"/><SP/><String HEIGHT="27" CONTENT="fi" WIDTH="17" HPOS="752" VPOS="1620" ID="st3-386" SUBS_TYPE="HypPart1" SUBS_CONTENT="financial"/><HYP CONTENT="-" WIDTH="8" HPOS="769" VPOS="1620" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1654" ID="tl3-45" WIDTH="507" HEIGHT="26"><String HEIGHT="26" CONTENT="nancial" WIDTH="83" HPOS="197" VPOS="1654" ID="st3-387" SUBS_TYPE="HypPart2" SUBS_CONTENT="financial"/><SP/><String HEIGHT="26" CONTENT="markets" WIDTH="94" HPOS="288" VPOS="1654" ID="st3-388"/><SP/><String HEIGHT="26" CONTENT="during" WIDTH="77" HPOS="390" VPOS="1654" ID="st3-389"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="475" VPOS="1654" ID="st3-390"/><SP/><String HEIGHT="26" CONTENT="booming" WIDTH="106" HPOS="521" VPOS="1654" ID="st3-391"/><SP/><String HEIGHT="26" CONTENT="phase" WIDTH="69" HPOS="635" VPOS="1654" ID="st3-392"/></TextLine><TextLine HPOS="704" VPOS="1650" ID="tl3-46" WIDTH="8" HEIGHT="13"><String HEIGHT="13" CONTENT="3" WIDTH="8" HPOS="704" VPOS="1650" ID="st3-393"/></TextLine><TextLine HPOS="712" VPOS="1654" ID="tl3-47" WIDTH="8" HEIGHT="26"><String HEIGHT="26" CONTENT="." WIDTH="8" HPOS="712" VPOS="1654" ID="st3-394"/></TextLine><TextLine HPOS="196" VPOS="1704" ID="tl3-48" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="196" VPOS="1704" ID="st3-395"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="85" HPOS="248" VPOS="1704" ID="st3-396"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="341" VPOS="1704" ID="st3-397"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="448" VPOS="1704" ID="st3-398"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="512" VPOS="1704" ID="st3-399"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="542" VPOS="1704" ID="st3-400"/><SP/><String HEIGHT="26" CONTENT="US" WIDTH="32" HPOS="589" VPOS="1704" ID="st3-401"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="629" VPOS="1704" ID="st3-402"/><SP/><String HEIGHT="26" CONTENT="those" WIDTH="65" HPOS="682" VPOS="1704" ID="st3-403"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="756" VPOS="1704" ID="st3-404"/></TextLine><TextLine HPOS="196" VPOS="1737" ID="tl3-49" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="emerging" WIDTH="113" HPOS="196" VPOS="1737" ID="st3-405"/><SP/><String HEIGHT="26" CONTENT="market" WIDTH="83" HPOS="321" VPOS="1737" ID="st3-406"/><SP/><String HEIGHT="26" CONTENT="economies" WIDTH="126" HPOS="416" VPOS="1737" ID="st3-407"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="554" VPOS="1737" ID="st3-408"/><SP/><String HEIGHT="26" CONTENT="similar" WIDTH="76" HPOS="602" VPOS="1737" ID="st3-409"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="690" VPOS="1737" ID="st3-410"/><SP/><String HEIGHT="26" CONTENT="their" WIDTH="54" HPOS="723" VPOS="1737" ID="st3-411"/></TextLine><TextLine HPOS="196" VPOS="1770" ID="tl3-50" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="dynamics" WIDTH="104" HPOS="196" VPOS="1770" ID="st3-412"/><String HEIGHT="27" CONTENT="." WIDTH="14" HPOS="300" VPOS="1770" ID="st3-413"/><SP/><String HEIGHT="27" CONTENT="There" WIDTH="66" HPOS="329" VPOS="1770" ID="st3-414"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="16" HPOS="410" VPOS="1770" ID="st3-415"/><String HEIGHT="27" CONTENT="," WIDTH="9" HPOS="426" VPOS="1770" ID="st3-416"/><SP/><String HEIGHT="27" CONTENT="however" WIDTH="96" HPOS="450" VPOS="1770" ID="st3-417"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="546" VPOS="1770" ID="st3-418"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="574" VPOS="1770" ID="st3-419"/><SP/><String HEIGHT="27" CONTENT="key" WIDTH="41" HPOS="603" VPOS="1770" ID="st3-420"/><SP/><String HEIGHT="27" CONTENT="difference" WIDTH="119" HPOS="658" VPOS="1770" ID="st3-421"/></TextLine><TextLine HPOS="196" VPOS="1804" ID="tl3-51" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="between" WIDTH="104" HPOS="196" VPOS="1804" ID="st3-422"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="313" VPOS="1804" ID="st3-423"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="364" VPOS="1804" ID="st3-424"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="440" VPOS="1804" ID="st3-425"/><SP/><String HEIGHT="26" CONTENT="emerging" WIDTH="113" HPOS="474" VPOS="1804" ID="st3-426"/><SP/><String HEIGHT="26" CONTENT="market" WIDTH="83" HPOS="600" VPOS="1804" ID="st3-427"/><SP/><String HEIGHT="26" CONTENT="econo" WIDTH="69" HPOS="695" VPOS="1804" ID="st3-428" SUBS_TYPE="HypPart1" SUBS_CONTENT="economies"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1804" HEIGHT="26"/></TextLine><TextLine HPOS="196" VPOS="1837" ID="tl3-52" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="mies" WIDTH="55" HPOS="196" VPOS="1837" ID="st3-429" SUBS_TYPE="HypPart2" SUBS_CONTENT="economies"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="258" VPOS="1837" ID="st3-430"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="311" VPOS="1837" ID="st3-431"/><SP/><String HEIGHT="26" CONTENT="subprime" WIDTH="110" HPOS="357" VPOS="1837" ID="st3-432"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="474" VPOS="1837" ID="st3-433"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="537" VPOS="1837" ID="st3-434"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="567" VPOS="1837" ID="st3-435"/><SP/><String HEIGHT="26" CONTENT="US" WIDTH="33" HPOS="613" VPOS="1837" ID="st3-436"/><String HEIGHT="26" CONTENT="(" WIDTH="13" HPOS="653" VPOS="1837" ID="st3-437"/><String HEIGHT="26" CONTENT="and" WIDTH="40" HPOS="666" VPOS="1837" ID="st3-438"/><SP/><String HEIGHT="26" CONTENT="other" WIDTH="63" HPOS="714" VPOS="1837" ID="st3-439"/></TextLine><TextLine HPOS="196" VPOS="1870" ID="tl3-53" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="crises" WIDTH="64" HPOS="196" VPOS="1870" ID="st3-440"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="268" VPOS="1870" ID="st3-441"/><SP/><String HEIGHT="27" CONTENT="developed" WIDTH="122" HPOS="298" VPOS="1870" ID="st3-442"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="100" HPOS="429" VPOS="1870" ID="st3-443"/><String HEIGHT="27" CONTENT=")" WIDTH="11" HPOS="529" VPOS="1870" ID="st3-444"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="540" VPOS="1870" ID="st3-445"/><SP/><String HEIGHT="27" CONTENT="The" WIDTH="43" HPOS="561" VPOS="1870" ID="st3-446"/><SP/><String HEIGHT="27" CONTENT="difference" WIDTH="119" HPOS="613" VPOS="1870" ID="st3-447"/><SP/><String HEIGHT="27" CONTENT="lies" WIDTH="37" HPOS="740" VPOS="1870" ID="st3-448"/></TextLine><TextLine HPOS="196" VPOS="1904" ID="tl3-54" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="on" WIDTH="31" HPOS="196" VPOS="1904" ID="st3-449"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="239" VPOS="1904" ID="st3-450"/><SP/><String HEIGHT="26" CONTENT="factors" WIDTH="80" HPOS="288" VPOS="1904" ID="st3-451"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="379" VPOS="1904" ID="st3-452"/><SP/><String HEIGHT="26" CONTENT="kick" WIDTH="47" HPOS="438" VPOS="1904" ID="st3-453"/><SP/><String HEIGHT="26" CONTENT="off" WIDTH="33" HPOS="496" VPOS="1904" ID="st3-454"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="540" VPOS="1904" ID="st3-455"/><SP/><String HEIGHT="26" CONTENT="booming" WIDTH="107" HPOS="590" VPOS="1904" ID="st3-456"/><SP/><String HEIGHT="26" CONTENT="phase" WIDTH="69" HPOS="708" VPOS="1904" ID="st3-457"/></TextLine><TextLine HPOS="197" VPOS="2003" ID="tl3-55" WIDTH="580" HEIGHT="23"><String HEIGHT="23" CONTENT="3" WIDTH="13" HPOS="197" VPOS="2003" ID="st3-458"/><SP/><String HEIGHT="23" CONTENT="Taylor" WIDTH="60" HPOS="228" VPOS="2003" ID="st3-459"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="288" VPOS="2003" ID="st3-460"/><SP/><String HEIGHT="23" CONTENT="L" WIDTH="9" HPOS="306" VPOS="2003" ID="st3-461"/><String HEIGHT="23" CONTENT="." WIDTH="9" HPOS="315" VPOS="2003" ID="st3-462"/><SP/><String HEIGHT="23" CONTENT="1998" WIDTH="50" HPOS="331" VPOS="2003" ID="st3-463"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="381" VPOS="2003" ID="st3-464"/><SP/><String HEIGHT="23" CONTENT="Capital" WIDTH="75" HPOS="401" VPOS="2003" ID="st3-465"/><SP/><String HEIGHT="23" CONTENT="market" WIDTH="75" HPOS="483" VPOS="2003" ID="st3-466"/><SP/><String HEIGHT="23" CONTENT="crises" WIDTH="54" HPOS="566" VPOS="2003" ID="st3-467"/><String HEIGHT="23" CONTENT=":" WIDTH="9" HPOS="620" VPOS="2003" ID="st3-468"/><SP/><String HEIGHT="23" CONTENT="liberalisation" WIDTH="130" HPOS="637" VPOS="2003" ID="st3-469"/><String HEIGHT="23" CONTENT="," WIDTH="10" HPOS="767" VPOS="2003" ID="st3-470"/></TextLine><TextLine HPOS="228" VPOS="2032" ID="tl3-56" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="fixed" WIDTH="51" HPOS="228" VPOS="2032" ID="st3-471"/><SP/><String HEIGHT="23" CONTENT="exchange" WIDTH="101" HPOS="287" VPOS="2032" ID="st3-472"/><SP/><String HEIGHT="23" CONTENT="rates" WIDTH="52" HPOS="395" VPOS="2032" ID="st3-473"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="454" VPOS="2032" ID="st3-474"/><SP/><String HEIGHT="23" CONTENT="market" WIDTH="68" HPOS="501" VPOS="2032" ID="st3-475"/><String HEIGHT="23" CONTENT="-" WIDTH="12" HPOS="569" VPOS="2032" ID="st3-476"/><String HEIGHT="23" CONTENT="driven" WIDTH="69" HPOS="581" VPOS="2032" ID="st3-477"/><SP/><String HEIGHT="23" CONTENT="destabiliza" WIDTH="110" HPOS="657" VPOS="2032" ID="st3-478" SUBS_TYPE="HypPart1" SUBS_CONTENT="destabilization"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="2032" HEIGHT="23"/></TextLine><TextLine HPOS="228" VPOS="2061" ID="tl3-57" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="tion" WIDTH="38" HPOS="228" VPOS="2061" ID="st3-479" SUBS_TYPE="HypPart2" SUBS_CONTENT="destabilization"/><String HEIGHT="24" CONTENT="," WIDTH="10" HPOS="266" VPOS="2061" ID="st3-480"/><SP/><String HEIGHT="24" CONTENT="Cambridge" WIDTH="118" HPOS="292" VPOS="2061" ID="st3-481"/><SP/><String HEIGHT="24" CONTENT="Journal" WIDTH="76" HPOS="425" VPOS="2061" ID="st3-482"/><SP/><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="517" VPOS="2061" ID="st3-483"/><SP/><String HEIGHT="24" CONTENT="Economics" WIDTH="108" HPOS="554" VPOS="2061" ID="st3-484"/><String HEIGHT="24" CONTENT="," WIDTH="12" HPOS="662" VPOS="2061" ID="st3-485"/><SP/><String HEIGHT="24" CONTENT="vol" WIDTH="28" HPOS="689" VPOS="2061" ID="st3-486"/><String HEIGHT="24" CONTENT="." WIDTH="10" HPOS="717" VPOS="2061" ID="st3-487"/><SP/><String HEIGHT="24" CONTENT="22" WIDTH="23" HPOS="742" VPOS="2061" ID="st3-488"/><String HEIGHT="24" CONTENT="," WIDTH="12" HPOS="765" VPOS="2061" ID="st3-489"/></TextLine><TextLine HPOS="228" VPOS="2090" ID="tl3-58" WIDTH="99" HEIGHT="24"><String HEIGHT="24" CONTENT="663" WIDTH="37" HPOS="228" VPOS="2090" ID="st3-490"/><String HEIGHT="24" CONTENT="-" WIDTH="12" HPOS="265" VPOS="2090" ID="st3-491"/><String HEIGHT="24" CONTENT="676" WIDTH="37" HPOS="277" VPOS="2090" ID="st3-492"/><String HEIGHT="24" CONTENT="." WIDTH="13" HPOS="314" VPOS="2090" ID="st3-493"/></TextLine><TextLine HPOS="875" VPOS="204" ID="tl3-59" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="875" VPOS="204" ID="st3-494"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="912" VPOS="204" ID="st3-495"/><SP/><String HEIGHT="26" CONTENT="Minskyan" WIDTH="112" HPOS="962" VPOS="204" ID="st3-496"/><SP/><String HEIGHT="26" CONTENT="cycle" WIDTH="54" HPOS="1086" VPOS="204" ID="st3-497"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1140" VPOS="204" ID="st3-498"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="22" HPOS="1162" VPOS="204" ID="st3-499"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1195" VPOS="204" ID="st3-500"/><SP/><String HEIGHT="26" CONTENT="case" WIDTH="51" HPOS="1245" VPOS="204" ID="st3-501"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1307" VPOS="204" ID="st3-502"/><SP/><String HEIGHT="26" CONTENT="emerging" WIDTH="113" HPOS="1343" VPOS="204" ID="st3-503"/></TextLine><TextLine HPOS="875" VPOS="237" ID="tl3-60" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="market" WIDTH="84" HPOS="875" VPOS="237" ID="st3-504"/><SP/><String HEIGHT="26" CONTENT="economies" WIDTH="121" HPOS="968" VPOS="237" ID="st3-505"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="1089" VPOS="237" ID="st3-506"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1112" VPOS="237" ID="st3-507"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1160" VPOS="237" ID="st3-508"/><SP/><String HEIGHT="26" CONTENT="bubbles" WIDTH="92" HPOS="1269" VPOS="237" ID="st3-509"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1371" VPOS="237" ID="st3-510"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1425" VPOS="237" ID="st3-511" SUBS_TYPE="HypPart1" SUBS_CONTENT="innovations"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="237" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="270" ID="tl3-61" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="novations" WIDTH="115" HPOS="875" VPOS="270" ID="st3-512" SUBS_TYPE="HypPart2" SUBS_CONTENT="innovations"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="47" HPOS="1012" VPOS="270" ID="st3-513"/><SP/><String HEIGHT="27" CONTENT="emerge" WIDTH="90" HPOS="1081" VPOS="270" ID="st3-514"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="1193" VPOS="270" ID="st3-515"/><SP/><String HEIGHT="27" CONTENT="develop" WIDTH="93" HPOS="1259" VPOS="270" ID="st3-516"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1374" VPOS="270" ID="st3-517"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="270" ID="st3-518"/></TextLine><TextLine HPOS="875" VPOS="304" ID="tl3-62" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="booming" WIDTH="107" HPOS="875" VPOS="304" ID="st3-519"/><SP/><String HEIGHT="26" CONTENT="phase" WIDTH="70" HPOS="993" VPOS="304" ID="st3-520"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1074" VPOS="304" ID="st3-521"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1110" VPOS="304" ID="st3-522"/><SP/><String HEIGHT="26" CONTENT="cycle" WIDTH="57" HPOS="1159" VPOS="304" ID="st3-523"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="56" HPOS="1227" VPOS="304" ID="st3-524"/><SP/><String HEIGHT="26" CONTENT="resulted" WIDTH="94" HPOS="1294" VPOS="304" ID="st3-525"/><SP/><String HEIGHT="26" CONTENT="from" WIDTH="57" HPOS="1399" VPOS="304" ID="st3-526"/></TextLine><TextLine HPOS="875" VPOS="337" ID="tl3-63" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="875" VPOS="337" ID="st3-527"/><SP/><String HEIGHT="26" CONTENT="implementation" WIDTH="187" HPOS="923" VPOS="337" ID="st3-528"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1119" VPOS="337" ID="st3-529"/><SP/><String HEIGHT="26" CONTENT="new" WIDTH="51" HPOS="1152" VPOS="337" ID="st3-530"/><SP/><String HEIGHT="26" CONTENT="macroeconomic" WIDTH="189" HPOS="1212" VPOS="337" ID="st3-531"/><SP/><String HEIGHT="26" CONTENT="pol" WIDTH="35" HPOS="1410" VPOS="337" ID="st3-532" SUBS_TYPE="HypPart1" SUBS_CONTENT="policy"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="337" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="370" ID="tl3-64" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="icy" WIDTH="31" HPOS="875" VPOS="370" ID="st3-533" SUBS_TYPE="HypPart2" SUBS_CONTENT="policy"/><SP/><String HEIGHT="27" CONTENT="rules" WIDTH="52" HPOS="915" VPOS="370" ID="st3-534"/><String HEIGHT="27" CONTENT="," WIDTH="11" HPOS="967" VPOS="370" ID="st3-535"/><SP/><String HEIGHT="27" CONTENT="including" WIDTH="109" HPOS="986" VPOS="370" ID="st3-536"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1103" VPOS="370" ID="st3-537"/><SP/><String HEIGHT="27" CONTENT="opening" WIDTH="97" HPOS="1150" VPOS="370" ID="st3-538"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="1256" VPOS="370" ID="st3-539"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1289" VPOS="370" ID="st3-540"/><SP/><String HEIGHT="27" CONTENT="capital" WIDTH="77" HPOS="1336" VPOS="370" ID="st3-541"/><SP/><String HEIGHT="27" CONTENT="ac" WIDTH="24" HPOS="1421" VPOS="370" ID="st3-542" SUBS_TYPE="HypPart1" SUBS_CONTENT="account"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="370" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="404" ID="tl3-65" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="count" WIDTH="63" HPOS="875" VPOS="404" ID="st3-543" SUBS_TYPE="HypPart2" SUBS_CONTENT="account"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="938" VPOS="404" ID="st3-544"/><SP/><String HEIGHT="26" CONTENT="which" WIDTH="71" HPOS="965" VPOS="404" ID="st3-545"/><SP/><String HEIGHT="26" CONTENT="provide" WIDTH="88" HPOS="1049" VPOS="404" ID="st3-546"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1151" VPOS="404" ID="st3-547"/><SP/><String HEIGHT="26" CONTENT="profitable" WIDTH="115" HPOS="1178" VPOS="404" ID="st3-548"/><SP/><String HEIGHT="26" CONTENT="environment" WIDTH="150" HPOS="1306" VPOS="404" ID="st3-549"/></TextLine><TextLine HPOS="875" VPOS="437" ID="tl3-66" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="for" WIDTH="35" HPOS="875" VPOS="437" ID="st3-550"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="927" VPOS="437" ID="st3-551"/><SP/><String HEIGHT="26" CONTENT="arbitrage" WIDTH="106" HPOS="1043" VPOS="437" ID="st3-552"/><SP/><String HEIGHT="26" CONTENT="between" WIDTH="103" HPOS="1167" VPOS="437" ID="st3-553"/><SP/><String HEIGHT="26" CONTENT="domestic" WIDTH="107" HPOS="1287" VPOS="437" ID="st3-554"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1411" VPOS="437" ID="st3-555"/></TextLine><TextLine HPOS="875" VPOS="470" ID="tl3-67" WIDTH="170" HEIGHT="27"><String HEIGHT="27" CONTENT="foreign" WIDTH="85" HPOS="875" VPOS="470" ID="st3-556"/><SP/><String HEIGHT="27" CONTENT="assets" WIDTH="66" HPOS="968" VPOS="470" ID="st3-557"/><String HEIGHT="27" CONTENT="." WIDTH="11" HPOS="1034" VPOS="470" ID="st3-558"/></TextLine><TextLine HPOS="875" VPOS="520" ID="tl3-68" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="This" WIDTH="47" HPOS="875" VPOS="520" ID="st3-559"/><SP/><String HEIGHT="27" CONTENT="conclusion" WIDTH="126" HPOS="935" VPOS="520" ID="st3-560"/><SP/><String HEIGHT="27" CONTENT="emerges" WIDTH="101" HPOS="1074" VPOS="520" ID="st3-561"/><SP/><String HEIGHT="27" CONTENT="from" WIDTH="57" HPOS="1188" VPOS="520" ID="st3-562"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1259" VPOS="520" ID="st3-563"/><SP/><String HEIGHT="27" CONTENT="comparative" WIDTH="145" HPOS="1311" VPOS="520" ID="st3-564"/></TextLine><TextLine HPOS="875" VPOS="554" ID="tl3-69" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="analysis" WIDTH="90" HPOS="875" VPOS="554" ID="st3-565"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="984" VPOS="554" ID="st3-566"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1027" VPOS="554" ID="st3-567"/><SP/><String HEIGHT="26" CONTENT="mentioned" WIDTH="128" HPOS="1085" VPOS="554" ID="st3-568"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="1232" VPOS="554" ID="st3-569"/><SP/><String HEIGHT="26" CONTENT="episodes" WIDTH="102" HPOS="1314" VPOS="554" ID="st3-570"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1434" VPOS="554" ID="st3-571"/></TextLine><TextLine HPOS="875" VPOS="587" ID="tl3-70" WIDTH="368" HEIGHT="26"><String HEIGHT="26" CONTENT="emerging" WIDTH="113" HPOS="875" VPOS="587" ID="st3-572"/><SP/><String HEIGHT="26" CONTENT="market" WIDTH="84" HPOS="1010" VPOS="587" ID="st3-573"/><SP/><String HEIGHT="26" CONTENT="economies" WIDTH="127" HPOS="1116" VPOS="587" ID="st3-574"/></TextLine><TextLine HPOS="1253" VPOS="583" ID="tl3-71" WIDTH="8" HEIGHT="13"><String HEIGHT="13" CONTENT="4" WIDTH="8" HPOS="1253" VPOS="583" ID="st3-575"/></TextLine><TextLine HPOS="1271" VPOS="587" ID="tl3-72" WIDTH="185" HEIGHT="26"><String HEIGHT="26" CONTENT="." WIDTH="8" HPOS="1271" VPOS="587" ID="st3-576"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="1301" VPOS="587" ID="st3-577"/><SP/><String HEIGHT="26" CONTENT="analysis" WIDTH="90" HPOS="1366" VPOS="587" ID="st3-578"/></TextLine><TextLine HPOS="875" VPOS="620" ID="tl3-73" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="shows" WIDTH="75" HPOS="875" VPOS="620" ID="st3-579"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="963" VPOS="620" ID="st3-580"/><SP/><String HEIGHT="27" CONTENT="all" WIDTH="26" HPOS="1025" VPOS="620" ID="st3-581"/><SP/><String HEIGHT="27" CONTENT="these" WIDTH="64" HPOS="1064" VPOS="620" ID="st3-582"/><SP/><String HEIGHT="27" CONTENT="cases" WIDTH="62" HPOS="1141" VPOS="620" ID="st3-583"/><SP/><String HEIGHT="27" CONTENT="share" WIDTH="64" HPOS="1216" VPOS="620" ID="st3-584"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1293" VPOS="620" ID="st3-585"/><SP/><String HEIGHT="27" CONTENT="following" WIDTH="111" HPOS="1345" VPOS="620" ID="st3-586"/></TextLine><TextLine HPOS="875" VPOS="654" ID="tl3-74" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="features" WIDTH="92" HPOS="875" VPOS="654" ID="st3-587"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="967" VPOS="654" ID="st3-588"/><SP/><String HEIGHT="26" CONTENT="First" WIDTH="46" HPOS="995" VPOS="654" ID="st3-589"/><String HEIGHT="26" CONTENT="," WIDTH="10" HPOS="1041" VPOS="654" ID="st3-590"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1067" VPOS="654" ID="st3-591"/><SP/><String HEIGHT="26" CONTENT="conditions" WIDTH="122" HPOS="1121" VPOS="654" ID="st3-592"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="1259" VPOS="654" ID="st3-593"/><SP/><String HEIGHT="26" CONTENT="trigger" WIDTH="78" HPOS="1323" VPOS="654" ID="st3-594"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="654" ID="st3-595"/></TextLine><TextLine HPOS="875" VPOS="687" ID="tl3-75" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="booming" WIDTH="107" HPOS="875" VPOS="687" ID="st3-596"/><SP/><String HEIGHT="26" CONTENT="phase" WIDTH="69" HPOS="992" VPOS="687" ID="st3-597"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="1071" VPOS="687" ID="st3-598"/><SP/><String HEIGHT="26" CONTENT="generated" WIDTH="121" HPOS="1117" VPOS="687" ID="st3-599"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="27" HPOS="1248" VPOS="687" ID="st3-600"/><SP/><String HEIGHT="26" CONTENT="relatively" WIDTH="103" HPOS="1285" VPOS="687" ID="st3-601"/><SP/><String HEIGHT="26" CONTENT="dras" WIDTH="47" HPOS="1398" VPOS="687" ID="st3-602" SUBS_TYPE="HypPart1" SUBS_CONTENT="drastic"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="687" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="720" ID="tl3-76" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="tic" WIDTH="28" HPOS="875" VPOS="720" ID="st3-603" SUBS_TYPE="HypPart2" SUBS_CONTENT="drastic"/><SP/><String HEIGHT="27" CONTENT="changes" WIDTH="97" HPOS="926" VPOS="720" ID="st3-604"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="1046" VPOS="720" ID="st3-605"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1090" VPOS="720" ID="st3-606"/><SP/><String HEIGHT="27" CONTENT="macroeconomic" WIDTH="188" HPOS="1151" VPOS="720" ID="st3-607"/><SP/><String HEIGHT="27" CONTENT="policies" WIDTH="83" HPOS="1362" VPOS="720" ID="st3-608"/><String HEIGHT="27" CONTENT="." WIDTH="11" HPOS="1445" VPOS="720" ID="st3-609"/></TextLine><TextLine HPOS="875" VPOS="754" ID="tl3-77" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="These" WIDTH="68" HPOS="875" VPOS="754" ID="st3-610"/><SP/><String HEIGHT="26" CONTENT="typically" WIDTH="94" HPOS="954" VPOS="754" ID="st3-611"/><SP/><String HEIGHT="26" CONTENT="combine" WIDTH="102" HPOS="1059" VPOS="754" ID="st3-612"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1172" VPOS="754" ID="st3-613"/><SP/><String HEIGHT="26" CONTENT="liberalization" WIDTH="150" HPOS="1221" VPOS="754" ID="st3-614"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1382" VPOS="754" ID="st3-615"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1418" VPOS="754" ID="st3-616"/></TextLine><TextLine HPOS="875" VPOS="787" ID="tl3-78" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="domestic" WIDTH="107" HPOS="875" VPOS="787" ID="st3-617"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="998" VPOS="787" ID="st3-618"/><SP/><String HEIGHT="26" CONTENT="market" WIDTH="83" HPOS="1113" VPOS="787" ID="st3-619"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1212" VPOS="787" ID="st3-620"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1273" VPOS="787" ID="st3-621"/><SP/><String HEIGHT="26" CONTENT="capital" WIDTH="78" HPOS="1327" VPOS="787" ID="st3-622"/><SP/><String HEIGHT="26" CONTENT="ac" WIDTH="24" HPOS="1421" VPOS="787" ID="st3-623" SUBS_TYPE="HypPart1" SUBS_CONTENT="account"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="787" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="820" ID="tl3-79" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="count" WIDTH="69" HPOS="875" VPOS="820" ID="st3-624" SUBS_TYPE="HypPart2" SUBS_CONTENT="account"/><SP/><String HEIGHT="27" CONTENT="with" WIDTH="52" HPOS="954" VPOS="820" ID="st3-625"/><SP/><String HEIGHT="27" CONTENT="some" WIDTH="63" HPOS="1017" VPOS="820" ID="st3-626"/><SP/><String HEIGHT="27" CONTENT="rule" WIDTH="45" HPOS="1090" VPOS="820" ID="st3-627"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1145" VPOS="820" ID="st3-628"/><SP/><String HEIGHT="27" CONTENT="nominal" WIDTH="95" HPOS="1181" VPOS="820" ID="st3-629"/><SP/><String HEIGHT="27" CONTENT="exchange" WIDTH="113" HPOS="1286" VPOS="820" ID="st3-630"/><SP/><String HEIGHT="27" CONTENT="rate" WIDTH="47" HPOS="1409" VPOS="820" ID="st3-631"/></TextLine><TextLine HPOS="875" VPOS="854" ID="tl3-80" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="predetermination" WIDTH="206" HPOS="875" VPOS="854" ID="st3-632"/><String HEIGHT="26" CONTENT="(" WIDTH="10" HPOS="1096" VPOS="854" ID="st3-633"/><String HEIGHT="26" CONTENT="e" WIDTH="10" HPOS="1106" VPOS="854" ID="st3-634"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1116" VPOS="854" ID="st3-635"/><String HEIGHT="26" CONTENT="g" WIDTH="10" HPOS="1127" VPOS="854" ID="st3-636"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1137" VPOS="854" ID="st3-637"/><SP/><String HEIGHT="26" CONTENT="pegs" WIDTH="56" HPOS="1163" VPOS="854" ID="st3-638"/><SP/><String HEIGHT="26" CONTENT="or" WIDTH="24" HPOS="1234" VPOS="854" ID="st3-639"/><SP/><String HEIGHT="26" CONTENT="active" WIDTH="68" HPOS="1273" VPOS="854" ID="st3-640"/><SP/><String HEIGHT="26" CONTENT="crawling" WIDTH="100" HPOS="1356" VPOS="854" ID="st3-641"/></TextLine><TextLine HPOS="875" VPOS="887" ID="tl3-81" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="pegs" WIDTH="48" HPOS="875" VPOS="887" ID="st3-642"/><String HEIGHT="26" CONTENT=")" WIDTH="12" HPOS="923" VPOS="887" ID="st3-643"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="935" VPOS="887" ID="st3-644"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="962" VPOS="887" ID="st3-645"/><SP/><String HEIGHT="26" CONTENT="implementation" WIDTH="187" HPOS="1021" VPOS="887" ID="st3-646"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1224" VPOS="887" ID="st3-647"/><SP/><String HEIGHT="26" CONTENT="new" WIDTH="51" HPOS="1264" VPOS="887" ID="st3-648"/><SP/><String HEIGHT="26" CONTENT="macroeco" WIDTH="112" HPOS="1331" VPOS="887" ID="st3-649" SUBS_TYPE="HypPart1" SUBS_CONTENT="macroeconomic"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="887" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="920" ID="tl3-82" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="nomic" WIDTH="73" HPOS="875" VPOS="920" ID="st3-650" SUBS_TYPE="HypPart2" SUBS_CONTENT="macroeconomic"/><SP/><String HEIGHT="27" CONTENT="rules" WIDTH="56" HPOS="957" VPOS="920" ID="st3-651"/><SP/><String HEIGHT="27" CONTENT="can" WIDTH="41" HPOS="1022" VPOS="920" ID="st3-652"/><SP/><String HEIGHT="27" CONTENT="be" WIDTH="29" HPOS="1073" VPOS="920" ID="st3-653"/><SP/><String HEIGHT="27" CONTENT="understood" WIDTH="136" HPOS="1111" VPOS="920" ID="st3-654"/><SP/><String HEIGHT="27" CONTENT="as" WIDTH="25" HPOS="1256" VPOS="920" ID="st3-655"/><SP/><String HEIGHT="27" CONTENT="an" WIDTH="29" HPOS="1290" VPOS="920" ID="st3-656"/><SP/><String HEIGHT="27" CONTENT="exogenous" WIDTH="128" HPOS="1328" VPOS="920" ID="st3-657"/></TextLine><TextLine HPOS="875" VPOS="954" ID="tl3-83" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="shock" WIDTH="69" HPOS="875" VPOS="954" ID="st3-658"/><SP/><String HEIGHT="26" CONTENT="on" WIDTH="31" HPOS="952" VPOS="954" ID="st3-659"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="992" VPOS="954" ID="st3-660"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1039" VPOS="954" ID="st3-661"/><SP/><String HEIGHT="26" CONTENT="system" WIDTH="75" HPOS="1147" VPOS="954" ID="st3-662"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="1222" VPOS="954" ID="st3-663"/><SP/><String HEIGHT="26" CONTENT="which" WIDTH="71" HPOS="1244" VPOS="954" ID="st3-664"/><SP/><String HEIGHT="26" CONTENT="rapidly" WIDTH="79" HPOS="1324" VPOS="954" ID="st3-665"/><SP/><String HEIGHT="26" CONTENT="sets" WIDTH="45" HPOS="1411" VPOS="954" ID="st3-666"/></TextLine><TextLine HPOS="875" VPOS="987" ID="tl3-84" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="875" VPOS="987" ID="st3-667"/><SP/><String HEIGHT="26" CONTENT="incentives" WIDTH="116" HPOS="931" VPOS="987" ID="st3-668"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="1064" VPOS="987" ID="st3-669"/><SP/><String HEIGHT="26" CONTENT="arbitrage" WIDTH="106" HPOS="1115" VPOS="987" ID="st3-670"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="47" HPOS="1239" VPOS="987" ID="st3-671"/><SP/><String HEIGHT="26" CONTENT="kick" WIDTH="47" HPOS="1303" VPOS="987" ID="st3-672"/><SP/><String HEIGHT="26" CONTENT="off" WIDTH="34" HPOS="1367" VPOS="987" ID="st3-673"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1418" VPOS="987" ID="st3-674"/></TextLine><TextLine HPOS="875" VPOS="1020" ID="tl3-85" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="boom" WIDTH="62" HPOS="875" VPOS="1020" ID="st3-675"/><String HEIGHT="27" CONTENT="." WIDTH="16" HPOS="937" VPOS="1020" ID="st3-676"/><SP/><String HEIGHT="27" CONTENT="Second" WIDTH="80" HPOS="967" VPOS="1020" ID="st3-677"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="1047" VPOS="1020" ID="st3-678"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1075" VPOS="1020" ID="st3-679"/><SP/><String HEIGHT="27" CONTENT="international" WIDTH="150" HPOS="1127" VPOS="1020" ID="st3-680"/><SP/><String HEIGHT="27" CONTENT="capital" WIDTH="77" HPOS="1291" VPOS="1020" ID="st3-681"/><SP/><String HEIGHT="27" CONTENT="move" WIDTH="60" HPOS="1382" VPOS="1020" ID="st3-682" SUBS_TYPE="HypPart1" SUBS_CONTENT="movements"/><HYP CONTENT="-" WIDTH="14" HPOS="1442" VPOS="1020" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="1054" ID="tl3-86" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="ments" WIDTH="73" HPOS="875" VPOS="1054" ID="st3-683" SUBS_TYPE="HypPart2" SUBS_CONTENT="movements"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="957" VPOS="1054" ID="st3-684"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1021" VPOS="1054" ID="st3-685"/><SP/><String HEIGHT="26" CONTENT="key" WIDTH="40" HPOS="1043" VPOS="1054" ID="st3-686"/><SP/><String HEIGHT="26" CONTENT="role" WIDTH="44" HPOS="1092" VPOS="1054" ID="st3-687"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1145" VPOS="1054" ID="st3-688"/><SP/><String HEIGHT="26" CONTENT="both" WIDTH="55" HPOS="1175" VPOS="1054" ID="st3-689"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1239" VPOS="1054" ID="st3-690"/><SP/><String HEIGHT="26" CONTENT="boom" WIDTH="70" HPOS="1286" VPOS="1054" ID="st3-691"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1364" VPOS="1054" ID="st3-692"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="1054" ID="st3-693"/></TextLine><TextLine HPOS="875" VPOS="1087" ID="tl3-87" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="contraction" WIDTH="135" HPOS="875" VPOS="1087" ID="st3-694"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1019" VPOS="1087" ID="st3-695"/><SP/><String HEIGHT="26" CONTENT="all" WIDTH="26" HPOS="1050" VPOS="1087" ID="st3-696"/><SP/><String HEIGHT="26" CONTENT="cases" WIDTH="58" HPOS="1085" VPOS="1087" ID="st3-697"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1143" VPOS="1087" ID="st3-698"/><SP/><String HEIGHT="26" CONTENT="Finally" WIDTH="70" HPOS="1164" VPOS="1087" ID="st3-699"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="1234" VPOS="1087" ID="st3-700"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1254" VPOS="1087" ID="st3-701"/><SP/><String HEIGHT="26" CONTENT="regulation" WIDTH="120" HPOS="1302" VPOS="1087" ID="st3-702"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1431" VPOS="1087" ID="st3-703"/></TextLine><TextLine HPOS="875" VPOS="1120" ID="tl3-88" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="domestic" WIDTH="107" HPOS="875" VPOS="1120" ID="st3-704"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="994" VPOS="1120" ID="st3-705"/><SP/><String HEIGHT="27" CONTENT="market" WIDTH="84" HPOS="1105" VPOS="1120" ID="st3-706"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="1201" VPOS="1120" ID="st3-707"/><SP/><String HEIGHT="27" CONTENT="lax" WIDTH="30" HPOS="1230" VPOS="1120" ID="st3-708"/><String HEIGHT="27" CONTENT="." WIDTH="10" HPOS="1260" VPOS="1120" ID="st3-709"/><SP/><String HEIGHT="27" CONTENT="This" WIDTH="46" HPOS="1282" VPOS="1120" ID="st3-710"/><SP/><String HEIGHT="27" CONTENT="may" WIDTH="50" HPOS="1340" VPOS="1120" ID="st3-711"/><SP/><String HEIGHT="27" CONTENT="hap" WIDTH="41" HPOS="1402" VPOS="1120" ID="st3-712" SUBS_TYPE="HypPart1" SUBS_CONTENT="happen"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="1120" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="1154" ID="tl3-89" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="pen" WIDTH="45" HPOS="875" VPOS="1154" ID="st3-713" SUBS_TYPE="HypPart2" SUBS_CONTENT="happen"/><SP/><String HEIGHT="26" CONTENT="either" WIDTH="68" HPOS="931" VPOS="1154" ID="st3-714"/><SP/><String HEIGHT="26" CONTENT="because" WIDTH="96" HPOS="1009" VPOS="1154" ID="st3-715"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1116" VPOS="1154" ID="st3-716"/><SP/><String HEIGHT="26" CONTENT="market" WIDTH="83" HPOS="1165" VPOS="1154" ID="st3-717"/><SP/><String HEIGHT="26" CONTENT="was" WIDTH="46" HPOS="1259" VPOS="1154" ID="st3-718"/><SP/><String HEIGHT="26" CONTENT="recently" WIDTH="92" HPOS="1316" VPOS="1154" ID="st3-719"/><SP/><String HEIGHT="26" CONTENT="lib" WIDTH="28" HPOS="1419" VPOS="1154" ID="st3-720" SUBS_TYPE="HypPart1" SUBS_CONTENT="liberalized"/><HYP CONTENT="-" WIDTH="9" HPOS="1447" VPOS="1154" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1187" ID="tl3-90" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="eralized" WIDTH="92" HPOS="875" VPOS="1187" ID="st3-721" SUBS_TYPE="HypPart2" SUBS_CONTENT="liberalized"/><SP/><String HEIGHT="26" CONTENT="or" WIDTH="25" HPOS="981" VPOS="1187" ID="st3-722"/><SP/><String HEIGHT="26" CONTENT="because" WIDTH="96" HPOS="1021" VPOS="1187" ID="st3-723"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1131" VPOS="1187" ID="st3-724"/><SP/><String HEIGHT="26" CONTENT="expansion" WIDTH="119" HPOS="1184" VPOS="1187" ID="st3-725"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1318" VPOS="1187" ID="st3-726"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1357" VPOS="1187" ID="st3-727"/></TextLine><TextLine HPOS="875" VPOS="1220" ID="tl3-91" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="activity" WIDTH="82" HPOS="875" VPOS="1220" ID="st3-728"/><SP/><String HEIGHT="27" CONTENT="during" WIDTH="78" HPOS="965" VPOS="1220" ID="st3-729"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1051" VPOS="1220" ID="st3-730"/><SP/><String HEIGHT="27" CONTENT="boom" WIDTH="70" HPOS="1097" VPOS="1220" ID="st3-731"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="1175" VPOS="1220" ID="st3-732"/><SP/><String HEIGHT="27" CONTENT="too" WIDTH="40" HPOS="1200" VPOS="1220" ID="st3-733"/><SP/><String HEIGHT="27" CONTENT="large" WIDTH="59" HPOS="1248" VPOS="1220" ID="st3-734"/><SP/><String HEIGHT="27" CONTENT="for" WIDTH="34" HPOS="1315" VPOS="1220" ID="st3-735"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1357" VPOS="1220" ID="st3-736"/><SP/><String HEIGHT="27" CONTENT="exis" WIDTH="42" HPOS="1404" VPOS="1220" ID="st3-737" SUBS_TYPE="HypPart1" SUBS_CONTENT="existent"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="1220" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="1254" ID="tl3-92" WIDTH="288" HEIGHT="26"><String HEIGHT="26" CONTENT="tent" WIDTH="48" HPOS="875" VPOS="1254" ID="st3-738" SUBS_TYPE="HypPart2" SUBS_CONTENT="existent"/><SP/><String HEIGHT="26" CONTENT="regulation" WIDTH="120" HPOS="931" VPOS="1254" ID="st3-739"/><SP/><String HEIGHT="26" CONTENT="capacity" WIDTH="92" HPOS="1059" VPOS="1254" ID="st3-740"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1151" VPOS="1254" ID="st3-741"/></TextLine><TextLine HPOS="875" VPOS="1304" ID="tl3-93" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="In" WIDTH="22" HPOS="875" VPOS="1304" ID="st3-742"/><SP/><String HEIGHT="26" CONTENT="sum" WIDTH="43" HPOS="907" VPOS="1304" ID="st3-743"/><String HEIGHT="26" CONTENT="," WIDTH="15" HPOS="950" VPOS="1304" ID="st3-744"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="975" VPOS="1304" ID="st3-745"/><SP/><String HEIGHT="26" CONTENT="trigger" WIDTH="79" HPOS="1023" VPOS="1304" ID="st3-746"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1112" VPOS="1304" ID="st3-747"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1147" VPOS="1304" ID="st3-748"/><SP/><String HEIGHT="26" CONTENT="Minskyan" WIDTH="113" HPOS="1196" VPOS="1304" ID="st3-749"/><SP/><String HEIGHT="26" CONTENT="cycle" WIDTH="57" HPOS="1319" VPOS="1304" ID="st3-750"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1386" VPOS="1304" ID="st3-751"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1418" VPOS="1304" ID="st3-752"/></TextLine><TextLine HPOS="875" VPOS="1337" ID="tl3-94" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="emerging" WIDTH="113" HPOS="875" VPOS="1337" ID="st3-753"/><SP/><String HEIGHT="26" CONTENT="market" WIDTH="84" HPOS="997" VPOS="1337" ID="st3-754"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="1090" VPOS="1337" ID="st3-755"/><SP/><String HEIGHT="26" CONTENT="has" WIDTH="40" HPOS="1162" VPOS="1337" ID="st3-756"/><SP/><String HEIGHT="26" CONTENT="an" WIDTH="29" HPOS="1211" VPOS="1337" ID="st3-757"/><SP/><String HEIGHT="26" CONTENT="important" WIDTH="118" HPOS="1249" VPOS="1337" ID="st3-758"/><SP/><String HEIGHT="26" CONTENT="ÉñçÖÉJ" WIDTH="80" HPOS="1376" VPOS="1337" ID="st3-759"/></TextLine><TextLine HPOS="875" VPOS="1370" ID="tl3-95" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="åçìë" WIDTH="58" HPOS="875" VPOS="1370" ID="st3-760"/><SP/><String HEIGHT="27" CONTENT="component" WIDTH="128" HPOS="946" VPOS="1370" ID="st3-761"/><String HEIGHT="27" CONTENT="." WIDTH="15" HPOS="1074" VPOS="1370" ID="st3-762"/><SP/><String HEIGHT="27" CONTENT="Capital" WIDTH="83" HPOS="1102" VPOS="1370" ID="st3-763"/><SP/><String HEIGHT="27" CONTENT="inflows" WIDTH="85" HPOS="1198" VPOS="1370" ID="st3-764"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="1295" VPOS="1370" ID="st3-765"/><SP/><String HEIGHT="27" CONTENT="outflows" WIDTH="103" HPOS="1353" VPOS="1370" ID="st3-766"/></TextLine><TextLine HPOS="875" VPOS="1404" ID="tl3-96" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="then" WIDTH="55" HPOS="875" VPOS="1404" ID="st3-767"/><SP/><String HEIGHT="26" CONTENT="play" WIDTH="48" HPOS="940" VPOS="1404" ID="st3-768"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="998" VPOS="1404" ID="st3-769"/><SP/><String HEIGHT="26" CONTENT="key" WIDTH="40" HPOS="1023" VPOS="1404" ID="st3-770"/><SP/><String HEIGHT="26" CONTENT="role" WIDTH="45" HPOS="1073" VPOS="1404" ID="st3-771"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="27" HPOS="1129" VPOS="1404" ID="st3-772"/><SP/><String HEIGHT="26" CONTENT="multiplying" WIDTH="131" HPOS="1167" VPOS="1404" ID="st3-773"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1309" VPOS="1404" ID="st3-774"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="98" HPOS="1358" VPOS="1404" ID="st3-775"/></TextLine><TextLine HPOS="875" VPOS="1437" ID="tl3-97" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="forces" WIDTH="71" HPOS="875" VPOS="1437" ID="st3-776"/><SP/><String HEIGHT="26" CONTENT="driving" WIDTH="80" HPOS="957" VPOS="1437" ID="st3-777"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1047" VPOS="1437" ID="st3-778"/><SP/><String HEIGHT="26" CONTENT="cycle" WIDTH="54" HPOS="1096" VPOS="1437" ID="st3-779"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1150" VPOS="1437" ID="st3-780"/><SP/><String HEIGHT="26" CONTENT="On" WIDTH="36" HPOS="1171" VPOS="1437" ID="st3-781"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1217" VPOS="1437" ID="st3-782"/><SP/><String HEIGHT="26" CONTENT="other" WIDTH="63" HPOS="1266" VPOS="1437" ID="st3-783"/><SP/><String HEIGHT="26" CONTENT="hand" WIDTH="54" HPOS="1339" VPOS="1437" ID="st3-784"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="1393" VPOS="1437" ID="st3-785"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="1437" ID="st3-786"/></TextLine><TextLine HPOS="875" VPOS="1470" ID="tl3-98" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="factors" WIDTH="81" HPOS="875" VPOS="1470" ID="st3-787"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="969" VPOS="1470" ID="st3-788"/><SP/><String HEIGHT="27" CONTENT="trigger" WIDTH="78" HPOS="1031" VPOS="1470" ID="st3-789"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1123" VPOS="1470" ID="st3-790"/><SP/><String HEIGHT="27" CONTENT="cycle" WIDTH="57" HPOS="1175" VPOS="1470" ID="st3-791"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="1246" VPOS="1470" ID="st3-792"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1281" VPOS="1470" ID="st3-793"/><SP/><String HEIGHT="27" CONTENT="current" WIDTH="85" HPOS="1333" VPOS="1470" ID="st3-794"/><SP/><String HEIGHT="27" CONTENT="fi" WIDTH="16" HPOS="1432" VPOS="1470" ID="st3-795" SUBS_TYPE="HypPart1" SUBS_CONTENT="financial"/><HYP CONTENT="-" WIDTH="8" HPOS="1448" VPOS="1470" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="1504" ID="tl3-99" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="nancial" WIDTH="84" HPOS="875" VPOS="1504" ID="st3-796" SUBS_TYPE="HypPart2" SUBS_CONTENT="financial"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="967" VPOS="1504" ID="st3-797"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1032" VPOS="1504" ID="st3-798"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1062" VPOS="1504" ID="st3-799"/><SP/><String HEIGHT="26" CONTENT="US" WIDTH="33" HPOS="1109" VPOS="1504" ID="st3-800"/><String HEIGHT="26" CONTENT="(" WIDTH="13" HPOS="1150" VPOS="1504" ID="st3-801"/><String HEIGHT="26" CONTENT="and" WIDTH="40" HPOS="1163" VPOS="1504" ID="st3-802"/><SP/><String HEIGHT="26" CONTENT="other" WIDTH="63" HPOS="1211" VPOS="1504" ID="st3-803"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="1283" VPOS="1504" ID="st3-804"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1355" VPOS="1504" ID="st3-805"/><SP/><String HEIGHT="26" CONTENT="devel" WIDTH="60" HPOS="1385" VPOS="1504" ID="st3-806" SUBS_TYPE="HypPart1" SUBS_CONTENT="developed"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="1504" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1537" ID="tl3-100" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="oped" WIDTH="61" HPOS="875" VPOS="1537" ID="st3-807" SUBS_TYPE="HypPart2" SUBS_CONTENT="developed"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="104" HPOS="946" VPOS="1537" ID="st3-808"/><String HEIGHT="26" CONTENT=")" WIDTH="12" HPOS="1050" VPOS="1537" ID="st3-809"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="1072" VPOS="1537" ID="st3-810"/><SP/><String HEIGHT="26" CONTENT="essentially" WIDTH="119" HPOS="1119" VPOS="1537" ID="st3-811"/><SP/><String HEIGHT="26" CONTENT="ÉåÇçÖÉåçìë" WIDTH="147" HPOS="1248" VPOS="1537" ID="st3-812"/><String HEIGHT="26" CONTENT="." WIDTH="8" HPOS="1395" VPOS="1537" ID="st3-813"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="1413" VPOS="1537" ID="st3-814"/></TextLine><TextLine HPOS="875" VPOS="1570" ID="tl3-101" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="real" WIDTH="44" HPOS="875" VPOS="1570" ID="st3-815"/><SP/><String HEIGHT="27" CONTENT="estate" WIDTH="71" HPOS="930" VPOS="1570" ID="st3-816"/><SP/><String HEIGHT="27" CONTENT="bubble" WIDTH="82" HPOS="1012" VPOS="1570" ID="st3-817"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="1105" VPOS="1570" ID="st3-818"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1161" VPOS="1570" ID="st3-819"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="1210" VPOS="1570" ID="st3-820"/><SP/><String HEIGHT="27" CONTENT="innovations" WIDTH="136" HPOS="1320" VPOS="1570" ID="st3-821"/></TextLine><TextLine HPOS="875" VPOS="1604" ID="tl3-102" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="875" VPOS="1604" ID="st3-822"/><SP/><String HEIGHT="26" CONTENT="started" WIDTH="82" HPOS="935" VPOS="1604" ID="st3-823"/><SP/><String HEIGHT="26" CONTENT="with" WIDTH="52" HPOS="1028" VPOS="1604" ID="st3-824"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1092" VPOS="1604" ID="st3-825"/><SP/><String HEIGHT="26" CONTENT="securization" WIDTH="140" HPOS="1142" VPOS="1604" ID="st3-826"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1294" VPOS="1604" ID="st3-827"/><SP/><String HEIGHT="26" CONTENT="mortgages" WIDTH="126" HPOS="1330" VPOS="1604" ID="st3-828"/></TextLine><TextLine HPOS="875" VPOS="1637" ID="tl3-103" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="(" WIDTH="13" HPOS="875" VPOS="1637" ID="st3-829"/><String HEIGHT="26" CONTENT="and" WIDTH="40" HPOS="888" VPOS="1637" ID="st3-830"/><SP/><String HEIGHT="26" CONTENT="other" WIDTH="64" HPOS="938" VPOS="1637" ID="st3-831"/><SP/><String HEIGHT="26" CONTENT="debts" WIDTH="60" HPOS="1012" VPOS="1637" ID="st3-832"/><String HEIGHT="26" CONTENT=")" WIDTH="13" HPOS="1072" VPOS="1637" ID="st3-833"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="1095" VPOS="1637" ID="st3-834"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1142" VPOS="1637" ID="st3-835"/><SP/><String HEIGHT="26" CONTENT="key" WIDTH="40" HPOS="1191" VPOS="1637" ID="st3-836"/><SP/><String HEIGHT="26" CONTENT="ingredients" WIDTH="131" HPOS="1241" VPOS="1637" ID="st3-837"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1382" VPOS="1637" ID="st3-838"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="1637" ID="st3-839"/></TextLine><TextLine HPOS="875" VPOS="1670" ID="tl3-104" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="booming" WIDTH="107" HPOS="875" VPOS="1670" ID="st3-840"/><SP/><String HEIGHT="27" CONTENT="phase" WIDTH="70" HPOS="992" VPOS="1670" ID="st3-841"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="1072" VPOS="1670" ID="st3-842"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1106" VPOS="1670" ID="st3-843"/><SP/><String HEIGHT="27" CONTENT="Minskyan" WIDTH="113" HPOS="1154" VPOS="1670" ID="st3-844"/><SP/><String HEIGHT="27" CONTENT="cycle" WIDTH="57" HPOS="1277" VPOS="1670" ID="st3-845"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1344" VPOS="1670" ID="st3-846"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1375" VPOS="1670" ID="st3-847"/><SP/><String HEIGHT="27" CONTENT="US" WIDTH="32" HPOS="1424" VPOS="1670" ID="st3-848"/></TextLine><TextLine HPOS="875" VPOS="1704" ID="tl3-105" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="subprime" WIDTH="110" HPOS="875" VPOS="1704" ID="st3-849"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="54" HPOS="998" VPOS="1704" ID="st3-850"/><String HEIGHT="26" CONTENT="." WIDTH="9" HPOS="1052" VPOS="1704" ID="st3-851"/><SP/><String HEIGHT="26" CONTENT="There" WIDTH="67" HPOS="1074" VPOS="1704" ID="st3-852"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="1153" VPOS="1704" ID="st3-853"/><SP/><String HEIGHT="26" CONTENT="an" WIDTH="30" HPOS="1183" VPOS="1704" ID="st3-854"/><SP/><String HEIGHT="26" CONTENT="ongoing" WIDTH="99" HPOS="1225" VPOS="1704" ID="st3-855"/><SP/><String HEIGHT="26" CONTENT="discussion" WIDTH="119" HPOS="1337" VPOS="1704" ID="st3-856"/></TextLine><TextLine HPOS="875" VPOS="1737" ID="tl3-106" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="regarding" WIDTH="115" HPOS="875" VPOS="1737" ID="st3-857"/><SP/><String HEIGHT="26" CONTENT="external" WIDTH="94" HPOS="1005" VPOS="1737" ID="st3-858"/><SP/><String HEIGHT="26" CONTENT="stimulating" WIDTH="131" HPOS="1114" VPOS="1737" ID="st3-859"/><SP/><String HEIGHT="26" CONTENT="factors" WIDTH="77" HPOS="1260" VPOS="1737" ID="st3-860"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="1337" VPOS="1737" ID="st3-861"/><SP/><String HEIGHT="26" CONTENT="such" WIDTH="55" HPOS="1362" VPOS="1737" ID="st3-862"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="25" HPOS="1431" VPOS="1737" ID="st3-863"/></TextLine><TextLine HPOS="875" VPOS="1770" ID="tl3-107" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="875" VPOS="1770" ID="st3-864"/><SP/><String HEIGHT="27" CONTENT="deregulation" WIDTH="145" HPOS="986" VPOS="1770" ID="st3-865"/><String HEIGHT="27" CONTENT="," WIDTH="13" HPOS="1131" VPOS="1770" ID="st3-866"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1156" VPOS="1770" ID="st3-867"/><SP/><String HEIGHT="27" CONTENT="soft" WIDTH="44" HPOS="1207" VPOS="1770" ID="st3-868"/><SP/><String HEIGHT="27" CONTENT="monetary" WIDTH="113" HPOS="1263" VPOS="1770" ID="st3-869"/><SP/><String HEIGHT="27" CONTENT="policy" WIDTH="68" HPOS="1388" VPOS="1770" ID="st3-870"/></TextLine><TextLine HPOS="875" VPOS="1804" ID="tl3-108" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="875" VPOS="1804" ID="st3-871"/><SP/><String HEIGHT="26" CONTENT="foreign" WIDTH="85" HPOS="931" VPOS="1804" ID="st3-872"/><SP/><String HEIGHT="26" CONTENT="capital" WIDTH="77" HPOS="1026" VPOS="1804" ID="st3-873"/><SP/><String HEIGHT="26" CONTENT="inflows" WIDTH="85" HPOS="1114" VPOS="1804" ID="st3-874"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1209" VPOS="1804" ID="st3-875"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1244" VPOS="1804" ID="st3-876"/><SP/><String HEIGHT="26" CONTENT="US" WIDTH="26" HPOS="1293" VPOS="1804" ID="st3-877"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="1319" VPOS="1804" ID="st3-878"/><SP/><String HEIGHT="26" CONTENT="However" WIDTH="98" HPOS="1343" VPOS="1804" ID="st3-879"/><String HEIGHT="26" CONTENT="," WIDTH="15" HPOS="1441" VPOS="1804" ID="st3-880"/></TextLine><TextLine HPOS="875" VPOS="1837" ID="tl3-109" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="875" VPOS="1837" ID="st3-881"/><SP/><String HEIGHT="26" CONTENT="comparison" WIDTH="137" HPOS="927" VPOS="1837" ID="st3-882"/><SP/><String HEIGHT="26" CONTENT="makes" WIDTH="76" HPOS="1077" VPOS="1837" ID="st3-883"/><SP/><String HEIGHT="26" CONTENT="clear" WIDTH="55" HPOS="1166" VPOS="1837" ID="st3-884"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1234" VPOS="1837" ID="st3-885"/><SP/><String HEIGHT="26" CONTENT="difference" WIDTH="118" HPOS="1286" VPOS="1837" ID="st3-886"/><SP/><String HEIGHT="26" CONTENT="be" WIDTH="26" HPOS="1417" VPOS="1837" ID="st3-887" SUBS_TYPE="HypPart1" SUBS_CONTENT="between"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="1837" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1870" ID="tl3-110" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="tween" WIDTH="75" HPOS="875" VPOS="1870" ID="st3-888" SUBS_TYPE="HypPart2" SUBS_CONTENT="between"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="965" VPOS="1870" ID="st3-889"/><SP/><String HEIGHT="27" CONTENT="exogenous" WIDTH="129" HPOS="1019" VPOS="1870" ID="st3-890"/><SP/><String HEIGHT="27" CONTENT="nature" WIDTH="77" HPOS="1163" VPOS="1870" ID="st3-891"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="1256" VPOS="1870" ID="st3-892"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1296" VPOS="1870" ID="st3-893"/><SP/><String HEIGHT="27" CONTENT="elements" WIDTH="106" HPOS="1350" VPOS="1870" ID="st3-894"/></TextLine><TextLine HPOS="875" VPOS="1904" ID="tl3-111" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="triggering" WIDTH="116" HPOS="875" VPOS="1904" ID="st3-895"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1004" VPOS="1904" ID="st3-896"/><SP/><String HEIGHT="26" CONTENT="booming" WIDTH="107" HPOS="1055" VPOS="1904" ID="st3-897"/><SP/><String HEIGHT="26" CONTENT="phase" WIDTH="70" HPOS="1175" VPOS="1904" ID="st3-898"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1257" VPOS="1904" ID="st3-899"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1292" VPOS="1904" ID="st3-900"/><SP/><String HEIGHT="26" CONTENT="emerging" WIDTH="113" HPOS="1343" VPOS="1904" ID="st3-901"/></TextLine><TextLine HPOS="875" VPOS="1937" ID="tl3-112" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="market" WIDTH="84" HPOS="875" VPOS="1937" ID="st3-902"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="971" VPOS="1937" ID="st3-903"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1045" VPOS="1937" ID="st3-904"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1102" VPOS="1937" ID="st3-905"/><SP/><String HEIGHT="26" CONTENT="endogenous" WIDTH="147" HPOS="1152" VPOS="1937" ID="st3-906"/><SP/><String HEIGHT="26" CONTENT="dynamics" WIDTH="110" HPOS="1310" VPOS="1937" ID="st3-907"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1431" VPOS="1937" ID="st3-908"/></TextLine><TextLine HPOS="875" VPOS="1970" ID="tl3-113" WIDTH="368" HEIGHT="27"><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="875" VPOS="1970" ID="st3-909"/><SP/><String HEIGHT="27" CONTENT="cycle" WIDTH="57" HPOS="922" VPOS="1970" ID="st3-910"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="987" VPOS="1970" ID="st3-911"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1016" VPOS="1970" ID="st3-912"/><SP/><String HEIGHT="27" CONTENT="subprime" WIDTH="110" HPOS="1062" VPOS="1970" ID="st3-913"/><SP/><String HEIGHT="27" CONTENT="crisis" WIDTH="54" HPOS="1180" VPOS="1970" ID="st3-914"/><String HEIGHT="27" CONTENT="." WIDTH="9" HPOS="1234" VPOS="1970" ID="st3-915"/></TextLine><TextLine HPOS="875" VPOS="2061" ID="tl3-114" WIDTH="581" HEIGHT="24"><String HEIGHT="24" CONTENT="4" WIDTH="14" HPOS="875" VPOS="2061" ID="st3-916"/><SP/><String HEIGHT="24" CONTENT="Frenkel" WIDTH="72" HPOS="907" VPOS="2061" ID="st3-917"/><String HEIGHT="24" CONTENT="," WIDTH="11" HPOS="979" VPOS="2061" ID="st3-918"/><SP/><String HEIGHT="24" CONTENT="R" WIDTH="10" HPOS="998" VPOS="2061" ID="st3-919"/><String HEIGHT="24" CONTENT="." WIDTH="11" HPOS="1008" VPOS="2061" ID="st3-920"/><SP/><String HEIGHT="24" CONTENT="2003" WIDTH="49" HPOS="1027" VPOS="2061" ID="st3-921"/><String HEIGHT="24" CONTENT="." WIDTH="13" HPOS="1076" VPOS="2061" ID="st3-922"/><SP/><String HEIGHT="24" CONTENT="Globalization" WIDTH="141" HPOS="1097" VPOS="2061" ID="st3-923"/><SP/><String HEIGHT="24" CONTENT="and" WIDTH="40" HPOS="1246" VPOS="2061" ID="st3-924"/><SP/><String HEIGHT="24" CONTENT="Financial" WIDTH="91" HPOS="1294" VPOS="2061" ID="st3-925"/><SP/><String HEIGHT="24" CONTENT="Crises" WIDTH="63" HPOS="1393" VPOS="2061" ID="st3-926"/></TextLine><TextLine HPOS="907" VPOS="2090" ID="tl3-115" WIDTH="424" HEIGHT="24"><String HEIGHT="24" CONTENT="in" WIDTH="19" HPOS="907" VPOS="2090" ID="st3-927"/><SP/><String HEIGHT="24" CONTENT="Latin" WIDTH="52" HPOS="933" VPOS="2090" ID="st3-928"/><SP/><String HEIGHT="24" CONTENT="America" WIDTH="82" HPOS="992" VPOS="2090" ID="st3-929"/><String HEIGHT="24" CONTENT="," WIDTH="12" HPOS="1074" VPOS="2090" ID="st3-930"/><SP/><String HEIGHT="24" CONTENT="CEPAL" WIDTH="70" HPOS="1093" VPOS="2090" ID="st3-931"/><SP/><String HEIGHT="24" CONTENT="Review" WIDTH="70" HPOS="1170" VPOS="2090" ID="st3-932"/><String HEIGHT="24" CONTENT="," WIDTH="12" HPOS="1240" VPOS="2090" ID="st3-933"/><SP/><String HEIGHT="24" CONTENT="No" WIDTH="30" HPOS="1259" VPOS="2090" ID="st3-934"/><SP/><String HEIGHT="24" CONTENT="80" WIDTH="23" HPOS="1296" VPOS="2090" ID="st3-935"/><String HEIGHT="24" CONTENT="." WIDTH="12" HPOS="1319" VPOS="2090" ID="st3-936"/></TextLine></TextBlock></PrintSpace></Page><Page WIDTH="1652" PHYSICAL_IMG_NR="4" ID="p671706" HEIGHT="2338"><PrintSpace WIDTH="1652" HPOS="0" VPOS="0" ID="ps671706" HEIGHT="2338"><TextBlock WIDTH="1652" HPOS="0" VPOS="0" ID="tb671706" HEIGHT="2338"><TextLine HPOS="197" VPOS="103" ID="tl4-0" WIDTH="1224" HEIGHT="21"><String HEIGHT="21" CONTENT="Reflections" WIDTH="96" HPOS="197" VPOS="103" ID="st4-0"/><SP/><String HEIGHT="21" CONTENT="on" WIDTH="24" HPOS="299" VPOS="103" ID="st4-1"/><SP/><String HEIGHT="21" CONTENT="the" WIDTH="30" HPOS="328" VPOS="103" ID="st4-2"/><SP/><String HEIGHT="21" CONTENT="Current" WIDTH="70" HPOS="362" VPOS="103" ID="st4-3"/><SP/><String HEIGHT="21" CONTENT="Global" WIDTH="59" HPOS="437" VPOS="103" ID="st4-4"/><SP/><String HEIGHT="21" CONTENT="Crisis" WIDTH="47" HPOS="501" VPOS="103" ID="st4-5"/><SP/><String HEIGHT="21" CONTENT="FES" WIDTH="32" HPOS="670" VPOS="103" ID="st4-6"/><SP/><String HEIGHT="21" CONTENT="Briefing" WIDTH="72" HPOS="709" VPOS="103" ID="st4-7"/><SP/><String HEIGHT="21" CONTENT="Paper" WIDTH="53" HPOS="788" VPOS="103" ID="st4-8"/><SP/><String HEIGHT="21" CONTENT="6" WIDTH="12" HPOS="847" VPOS="103" ID="st4-9"/><String HEIGHT="21" CONTENT="|" WIDTH="5" HPOS="865" VPOS="103" ID="st4-10"/><SP/><String HEIGHT="21" CONTENT="May" WIDTH="41" HPOS="876" VPOS="103" ID="st4-11"/><SP/><String HEIGHT="21" CONTENT="2009" WIDTH="50" HPOS="923" VPOS="103" ID="st4-12"/><SP/><String HEIGHT="21" CONTENT="Page" WIDTH="45" HPOS="1376" VPOS="103" ID="st4-13"/></TextLine><TextLine HPOS="1439" VPOS="104" ID="tl4-1" WIDTH="12" HEIGHT="21"><String HEIGHT="21" CONTENT="4" WIDTH="12" HPOS="1439" VPOS="104" ID="st4-14"/></TextLine><TextLine HPOS="197" VPOS="203" ID="tl4-2" WIDTH="504" HEIGHT="26"><String HEIGHT="26" CONTENT="Policy" WIDTH="75" HPOS="197" VPOS="203" ID="st4-15"/><SP/><String HEIGHT="26" CONTENT="Options" WIDTH="103" HPOS="280" VPOS="203" ID="st4-16"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="39" HPOS="391" VPOS="203" ID="st4-17"/><SP/><String HEIGHT="26" CONTENT="Financial" WIDTH="114" HPOS="437" VPOS="203" ID="st4-18"/><SP/><String HEIGHT="26" CONTENT="Regulation" WIDTH="142" HPOS="559" VPOS="203" ID="st4-19"/></TextLine><TextLine HPOS="197" VPOS="253" ID="tl4-3" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="The" WIDTH="43" HPOS="197" VPOS="253" ID="st4-20"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="63" HPOS="260" VPOS="253" ID="st4-21"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="344" VPOS="253" ID="st4-22"/><SP/><String HEIGHT="27" CONTENT="both" WIDTH="55" HPOS="386" VPOS="253" ID="st4-23"/><SP/><String HEIGHT="27" CONTENT="developed" WIDTH="122" HPOS="461" VPOS="253" ID="st4-24"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="108" HPOS="604" VPOS="253" ID="st4-25"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="732" VPOS="253" ID="st4-26"/></TextLine><TextLine HPOS="197" VPOS="287" ID="tl4-4" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="emerging" WIDTH="112" HPOS="197" VPOS="287" ID="st4-27"/><SP/><String HEIGHT="26" CONTENT="market" WIDTH="83" HPOS="322" VPOS="287" ID="st4-28"/><SP/><String HEIGHT="26" CONTENT="economies" WIDTH="127" HPOS="418" VPOS="287" ID="st4-29"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="56" HPOS="558" VPOS="287" ID="st4-30"/><SP/><String HEIGHT="26" CONTENT="revealed" WIDTH="98" HPOS="627" VPOS="287" ID="st4-31"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="738" VPOS="287" ID="st4-32"/></TextLine><TextLine HPOS="197" VPOS="320" ID="tl4-5" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="weaknesses" WIDTH="139" HPOS="197" VPOS="320" ID="st4-33"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="345" VPOS="320" ID="st4-34"/><SP/><String HEIGHT="26" CONTENT="inadequacy" WIDTH="134" HPOS="398" VPOS="320" ID="st4-35"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="541" VPOS="320" ID="st4-36"/><SP/><String HEIGHT="26" CONTENT="loosely" WIDTH="80" HPOS="575" VPOS="320" ID="st4-37"/><SP/><String HEIGHT="26" CONTENT="regulated" WIDTH="113" HPOS="664" VPOS="320" ID="st4-38"/></TextLine><TextLine HPOS="197" VPOS="353" ID="tl4-6" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="domestic" WIDTH="106" HPOS="197" VPOS="353" ID="st4-39"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="323" VPOS="353" ID="st4-40"/><SP/><String HEIGHT="27" CONTENT="systems" WIDTH="86" HPOS="442" VPOS="353" ID="st4-41"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="528" VPOS="353" ID="st4-42"/><SP/><String HEIGHT="27" CONTENT="A" WIDTH="18" HPOS="561" VPOS="353" ID="st4-43"/><SP/><String HEIGHT="27" CONTENT="comprehensive" WIDTH="178" HPOS="599" VPOS="353" ID="st4-44"/></TextLine><TextLine HPOS="197" VPOS="387" ID="tl4-7" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="regulation" WIDTH="120" HPOS="197" VPOS="387" ID="st4-45"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="326" VPOS="387" ID="st4-46"/><SP/><String HEIGHT="26" CONTENT="essential" WIDTH="100" HPOS="352" VPOS="387" ID="st4-47"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="461" VPOS="387" ID="st4-48"/><SP/><String HEIGHT="26" CONTENT="avoid" WIDTH="64" HPOS="494" VPOS="387" ID="st4-49"/><SP/><String HEIGHT="26" CONTENT="instability" WIDTH="111" HPOS="567" VPOS="387" ID="st4-50"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="686" VPOS="387" ID="st4-51"/><SP/><String HEIGHT="26" CONTENT="cri" WIDTH="28" HPOS="740" VPOS="387" ID="st4-52" SUBS_TYPE="HypPart1" SUBS_CONTENT="crises"/><HYP CONTENT="-" WIDTH="9" HPOS="768" VPOS="387" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="420" ID="tl4-8" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="ses" WIDTH="32" HPOS="197" VPOS="420" ID="st4-53" SUBS_TYPE="HypPart2" SUBS_CONTENT="crises"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="229" VPOS="420" ID="st4-54"/><SP/><String HEIGHT="26" CONTENT="However" WIDTH="98" HPOS="252" VPOS="420" ID="st4-55"/><String HEIGHT="26" CONTENT="," WIDTH="15" HPOS="350" VPOS="420" ID="st4-56"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="376" VPOS="420" ID="st4-57"/><SP/><String HEIGHT="26" CONTENT="prevention" WIDTH="126" HPOS="427" VPOS="420" ID="st4-58"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="565" VPOS="420" ID="st4-59"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="98" HPOS="602" VPOS="420" ID="st4-60"/><SP/><String HEIGHT="26" CONTENT="insta" WIDTH="55" HPOS="712" VPOS="420" ID="st4-61" SUBS_TYPE="HypPart1" SUBS_CONTENT="instability"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="420" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="453" ID="tl4-9" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="bility" WIDTH="55" HPOS="197" VPOS="453" ID="st4-62" SUBS_TYPE="HypPart2" SUBS_CONTENT="instability"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="264" VPOS="453" ID="st4-63"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="63" HPOS="321" VPOS="453" ID="st4-64"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="396" VPOS="453" ID="st4-65"/><SP/><String HEIGHT="27" CONTENT="emerging" WIDTH="113" HPOS="430" VPOS="453" ID="st4-66"/><SP/><String HEIGHT="27" CONTENT="market" WIDTH="83" HPOS="555" VPOS="453" ID="st4-67"/><SP/><String HEIGHT="27" CONTENT="economies" WIDTH="127" HPOS="650" VPOS="453" ID="st4-68"/></TextLine><TextLine HPOS="197" VPOS="487" ID="tl4-10" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="involve" WIDTH="82" HPOS="197" VPOS="487" ID="st4-69"/><SP/><String HEIGHT="26" CONTENT="elements" WIDTH="106" HPOS="290" VPOS="487" ID="st4-70"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="407" VPOS="487" ID="st4-71"/><SP/><String HEIGHT="26" CONTENT="go" WIDTH="31" HPOS="466" VPOS="487" ID="st4-72"/><SP/><String HEIGHT="26" CONTENT="beyond" WIDTH="88" HPOS="508" VPOS="487" ID="st4-73"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="607" VPOS="487" ID="st4-74"/><SP/><String HEIGHT="26" CONTENT="regulation" WIDTH="120" HPOS="657" VPOS="487" ID="st4-75"/></TextLine><TextLine HPOS="197" VPOS="520" ID="tl4-11" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="197" VPOS="520" ID="st4-76"/><SP/><String HEIGHT="26" CONTENT="domestic" WIDTH="107" HPOS="233" VPOS="520" ID="st4-77"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="352" VPOS="520" ID="st4-78"/><SP/><String HEIGHT="26" CONTENT="systems" WIDTH="86" HPOS="463" VPOS="520" ID="st4-79"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="549" VPOS="520" ID="st4-80"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="574" VPOS="520" ID="st4-81"/><SP/><String HEIGHT="26" CONTENT="particular" WIDTH="107" HPOS="608" VPOS="520" ID="st4-82"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="715" VPOS="520" ID="st4-83"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="738" VPOS="520" ID="st4-84"/></TextLine><TextLine HPOS="197" VPOS="553" ID="tl4-12" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="combination" WIDTH="148" HPOS="197" VPOS="553" ID="st4-85"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="352" VPOS="553" ID="st4-86"/><SP/><String HEIGHT="27" CONTENT="macroeconomic" WIDTH="188" HPOS="385" VPOS="553" ID="st4-87"/><SP/><String HEIGHT="27" CONTENT="policies" WIDTH="86" HPOS="581" VPOS="553" ID="st4-88"/><SP/><String HEIGHT="27" CONTENT="together" WIDTH="102" HPOS="675" VPOS="553" ID="st4-89"/></TextLine><TextLine HPOS="197" VPOS="587" ID="tl4-13" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="with" WIDTH="52" HPOS="197" VPOS="587" ID="st4-90"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="259" VPOS="587" ID="st4-91"/><SP/><String HEIGHT="26" CONTENT="mode" WIDTH="68" HPOS="308" VPOS="587" ID="st4-92"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="386" VPOS="587" ID="st4-93"/><SP/><String HEIGHT="26" CONTENT="integration" WIDTH="130" HPOS="421" VPOS="587" ID="st4-94"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="561" VPOS="587" ID="st4-95"/><SP/><String HEIGHT="26" CONTENT="global" WIDTH="72" HPOS="596" VPOS="587" ID="st4-96"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="678" VPOS="587" ID="st4-97"/></TextLine><TextLine HPOS="197" VPOS="620" ID="tl4-14" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="markets" WIDTH="94" HPOS="197" VPOS="620" ID="st4-98"/><SP/><String HEIGHT="26" CONTENT="plays" WIDTH="59" HPOS="303" VPOS="620" ID="st4-99"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="374" VPOS="620" ID="st4-100"/><SP/><String HEIGHT="26" CONTENT="key" WIDTH="41" HPOS="400" VPOS="620" ID="st4-101"/><SP/><String HEIGHT="26" CONTENT="role" WIDTH="45" HPOS="453" VPOS="620" ID="st4-102"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="510" VPOS="620" ID="st4-103"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="544" VPOS="620" ID="st4-104"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="595" VPOS="620" ID="st4-105"/><SP/><String HEIGHT="26" CONTENT="devel" WIDTH="60" HPOS="706" VPOS="620" ID="st4-106" SUBS_TYPE="HypPart1" SUBS_CONTENT="developments"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="620" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="653" ID="tl4-15" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="opments" WIDTH="103" HPOS="197" VPOS="653" ID="st4-107" SUBS_TYPE="HypPart2" SUBS_CONTENT="developments"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="316" VPOS="653" ID="st4-108"/><SP/><String HEIGHT="27" CONTENT="emerging" WIDTH="113" HPOS="353" VPOS="653" ID="st4-109"/><SP/><String HEIGHT="27" CONTENT="market" WIDTH="83" HPOS="482" VPOS="653" ID="st4-110"/><SP/><String HEIGHT="27" CONTENT="economies" WIDTH="120" HPOS="581" VPOS="653" ID="st4-111"/><String HEIGHT="27" CONTENT="." WIDTH="14" HPOS="701" VPOS="653" ID="st4-112"/><SP/><String HEIGHT="27" CONTENT="Pre" WIDTH="35" HPOS="731" VPOS="653" ID="st4-113" SUBS_TYPE="HypPart1" SUBS_CONTENT="Preventing"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="653" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="687" ID="tl4-16" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="venting" WIDTH="88" HPOS="197" VPOS="687" ID="st4-114" SUBS_TYPE="HypPart2" SUBS_CONTENT="Preventing"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="302" VPOS="687" ID="st4-115"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="382" VPOS="687" ID="st4-116"/><SP/><String HEIGHT="26" CONTENT="emerging" WIDTH="113" HPOS="420" VPOS="687" ID="st4-117"/><SP/><String HEIGHT="26" CONTENT="market" WIDTH="84" HPOS="550" VPOS="687" ID="st4-118"/><SP/><String HEIGHT="26" CONTENT="economies" WIDTH="127" HPOS="650" VPOS="687" ID="st4-119"/></TextLine><TextLine HPOS="197" VPOS="720" ID="tl4-17" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="thus" WIDTH="51" HPOS="197" VPOS="720" ID="st4-120"/><SP/><String HEIGHT="26" CONTENT="requires" WIDTH="94" HPOS="256" VPOS="720" ID="st4-121"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="40" HPOS="358" VPOS="720" ID="st4-122"/><SP/><String HEIGHT="26" CONTENT="only" WIDTH="49" HPOS="406" VPOS="720" ID="st4-123"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="463" VPOS="720" ID="st4-124"/><SP/><String HEIGHT="26" CONTENT="regulation" WIDTH="120" HPOS="510" VPOS="720" ID="st4-125"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="638" VPOS="720" ID="st4-126"/><SP/><String HEIGHT="26" CONTENT="domestic" WIDTH="106" HPOS="671" VPOS="720" ID="st4-127"/></TextLine><TextLine HPOS="197" VPOS="753" ID="tl4-18" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="financial" WIDTH="98" HPOS="197" VPOS="753" ID="st4-128"/><SP/><String HEIGHT="27" CONTENT="systems" WIDTH="86" HPOS="309" VPOS="753" ID="st4-129"/><String HEIGHT="27" CONTENT="," WIDTH="13" HPOS="395" VPOS="753" ID="st4-130"/><SP/><String HEIGHT="27" CONTENT="but" WIDTH="40" HPOS="421" VPOS="753" ID="st4-131"/><SP/><String HEIGHT="27" CONTENT="also" WIDTH="46" HPOS="475" VPOS="753" ID="st4-132"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="534" VPOS="753" ID="st4-133"/><SP/><String HEIGHT="27" CONTENT="consistent" WIDTH="119" HPOS="561" VPOS="753" ID="st4-134"/><SP/><String HEIGHT="27" CONTENT="macro" WIDTH="70" HPOS="694" VPOS="753" ID="st4-135" SUBS_TYPE="HypPart1" SUBS_CONTENT="macroeconomic"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="753" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="787" ID="tl4-19" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="economic" WIDTH="114" HPOS="197" VPOS="787" ID="st4-136" SUBS_TYPE="HypPart2" SUBS_CONTENT="macroeconomic"/><SP/><String HEIGHT="26" CONTENT="configuration" WIDTH="154" HPOS="323" VPOS="787" ID="st4-137"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="477" VPOS="787" ID="st4-138"/><SP/><String HEIGHT="26" CONTENT="which" WIDTH="71" HPOS="501" VPOS="787" ID="st4-139"/><SP/><String HEIGHT="26" CONTENT="includes" WIDTH="96" HPOS="584" VPOS="787" ID="st4-140"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="691" VPOS="787" ID="st4-141"/><SP/><String HEIGHT="26" CONTENT="ex" WIDTH="24" HPOS="742" VPOS="787" ID="st4-142" SUBS_TYPE="HypPart1" SUBS_CONTENT="exchange"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="787" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="820" ID="tl4-20" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="change" WIDTH="86" HPOS="197" VPOS="820" ID="st4-143" SUBS_TYPE="HypPart2" SUBS_CONTENT="exchange"/><SP/><String HEIGHT="26" CONTENT="rate" WIDTH="46" HPOS="291" VPOS="820" ID="st4-144"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="69" HPOS="345" VPOS="820" ID="st4-145"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="422" VPOS="820" ID="st4-146"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="474" VPOS="820" ID="st4-147"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="87" HPOS="521" VPOS="820" ID="st4-148"/><SP/><String HEIGHT="26" CONTENT="related" WIDTH="82" HPOS="616" VPOS="820" ID="st4-149"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="706" VPOS="820" ID="st4-150"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="738" VPOS="820" ID="st4-151"/></TextLine><TextLine HPOS="197" VPOS="853" ID="tl4-21" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="management" WIDTH="157" HPOS="197" VPOS="853" ID="st4-152"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="368" VPOS="853" ID="st4-153"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="407" VPOS="853" ID="st4-154"/><SP/><String HEIGHT="27" CONTENT="balance" WIDTH="91" HPOS="460" VPOS="853" ID="st4-155"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="565" VPOS="853" ID="st4-156"/><SP/><String HEIGHT="27" CONTENT="payments" WIDTH="114" HPOS="604" VPOS="853" ID="st4-157"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="732" VPOS="853" ID="st4-158"/></TextLine><TextLine HPOS="197" VPOS="887" ID="tl4-22" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="197" VPOS="887" ID="st4-159"/><SP/><String HEIGHT="26" CONTENT="stock" WIDTH="61" HPOS="250" VPOS="887" ID="st4-160"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="326" VPOS="887" ID="st4-161"/><SP/><String HEIGHT="26" CONTENT="foreign" WIDTH="85" HPOS="365" VPOS="887" ID="st4-162"/><SP/><String HEIGHT="26" CONTENT="exchange" WIDTH="113" HPOS="464" VPOS="887" ID="st4-163"/><SP/><String HEIGHT="26" CONTENT="reserves" WIDTH="90" HPOS="591" VPOS="887" ID="st4-164"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="681" VPOS="887" ID="st4-165"/><SP/><String HEIGHT="26" CONTENT="Crises" WIDTH="70" HPOS="707" VPOS="887" ID="st4-166"/></TextLine><TextLine HPOS="197" VPOS="920" ID="tl4-23" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="episodes" WIDTH="102" HPOS="197" VPOS="920" ID="st4-167"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="314" VPOS="920" ID="st4-168"/><SP/><String HEIGHT="26" CONTENT="emerging" WIDTH="112" HPOS="352" VPOS="920" ID="st4-169"/><SP/><String HEIGHT="26" CONTENT="market" WIDTH="84" HPOS="480" VPOS="920" ID="st4-170"/><SP/><String HEIGHT="26" CONTENT="economies" WIDTH="127" HPOS="579" VPOS="920" ID="st4-171"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="56" HPOS="721" VPOS="920" ID="st4-172"/></TextLine><TextLine HPOS="197" VPOS="953" ID="tl4-24" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="shown" WIDTH="71" HPOS="197" VPOS="953" ID="st4-173"/><String HEIGHT="27" CONTENT="," WIDTH="15" HPOS="268" VPOS="953" ID="st4-174"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="296" VPOS="953" ID="st4-175"/><SP/><String HEIGHT="27" CONTENT="particular" WIDTH="108" HPOS="330" VPOS="953" ID="st4-176"/><String HEIGHT="27" CONTENT="," WIDTH="11" HPOS="438" VPOS="953" ID="st4-177"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="461" VPOS="953" ID="st4-178"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="108" HPOS="522" VPOS="953" ID="st4-179"/><SP/><String HEIGHT="27" CONTENT="should" WIDTH="79" HPOS="642" VPOS="953" ID="st4-180"/><SP/><String HEIGHT="27" CONTENT="aim" WIDTH="43" HPOS="734" VPOS="953" ID="st4-181"/></TextLine><TextLine HPOS="197" VPOS="987" ID="tl4-25" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="197" VPOS="987" ID="st4-182"/><SP/><String HEIGHT="26" CONTENT="1" WIDTH="11" HPOS="242" VPOS="987" ID="st4-183"/><String HEIGHT="26" CONTENT=")" WIDTH="12" HPOS="253" VPOS="987" ID="st4-184"/><SP/><String HEIGHT="26" CONTENT="exchange" WIDTH="113" HPOS="277" VPOS="987" ID="st4-185"/><SP/><String HEIGHT="26" CONTENT="rate" WIDTH="46" HPOS="401" VPOS="987" ID="st4-186"/><SP/><String HEIGHT="26" CONTENT="systems" WIDTH="91" HPOS="459" VPOS="987" ID="st4-187"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="561" VPOS="987" ID="st4-188"/><SP/><String HEIGHT="26" CONTENT="provide" WIDTH="88" HPOS="621" VPOS="987" ID="st4-189"/><SP/><String HEIGHT="26" CONTENT="flexi" WIDTH="48" HPOS="720" VPOS="987" ID="st4-190" SUBS_TYPE="HypPart1" SUBS_CONTENT="flexibility"/><HYP CONTENT="-" WIDTH="9" HPOS="768" VPOS="987" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1020" ID="tl4-26" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="bility" WIDTH="55" HPOS="197" VPOS="1020" ID="st4-191" SUBS_TYPE="HypPart2" SUBS_CONTENT="flexibility"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="262" VPOS="1020" ID="st4-192"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="297" VPOS="1020" ID="st4-193"/><SP/><String HEIGHT="26" CONTENT="authorities" WIDTH="125" HPOS="346" VPOS="1020" ID="st4-194"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="481" VPOS="1020" ID="st4-195"/><SP/><String HEIGHT="26" CONTENT="prevent" WIDTH="89" HPOS="536" VPOS="1020" ID="st4-196"/><SP/><String HEIGHT="26" CONTENT="speculation" WIDTH="130" HPOS="635" VPOS="1020" ID="st4-197"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="765" VPOS="1020" ID="st4-198"/></TextLine><TextLine HPOS="197" VPOS="1053" ID="tl4-27" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="2" WIDTH="11" HPOS="197" VPOS="1053" ID="st4-199"/><String HEIGHT="27" CONTENT=")" WIDTH="12" HPOS="208" VPOS="1053" ID="st4-200"/><SP/><String HEIGHT="27" CONTENT="preventive" WIDTH="122" HPOS="245" VPOS="1053" ID="st4-201"/><SP/><String HEIGHT="27" CONTENT="measures" WIDTH="112" HPOS="392" VPOS="1053" ID="st4-202"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="529" VPOS="1053" ID="st4-203"/><SP/><String HEIGHT="27" CONTENT="manage" WIDTH="96" HPOS="579" VPOS="1053" ID="st4-204"/><SP/><String HEIGHT="27" CONTENT="capital" WIDTH="77" HPOS="700" VPOS="1053" ID="st4-205"/></TextLine><TextLine HPOS="197" VPOS="1087" ID="tl4-28" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="movements" WIDTH="130" HPOS="197" VPOS="1087" ID="st4-206"/><String HEIGHT="26" CONTENT="," WIDTH="15" HPOS="327" VPOS="1087" ID="st4-207"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="355" VPOS="1087" ID="st4-208"/><SP/><String HEIGHT="26" CONTENT="3" WIDTH="12" HPOS="413" VPOS="1087" ID="st4-209"/><String HEIGHT="26" CONTENT=")" WIDTH="12" HPOS="425" VPOS="1087" ID="st4-210"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="87" HPOS="450" VPOS="1087" ID="st4-211"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="550" VPOS="1087" ID="st4-212"/><SP/><String HEIGHT="26" CONTENT="secure" WIDTH="76" HPOS="612" VPOS="1087" ID="st4-213"/><SP/><String HEIGHT="26" CONTENT="robust" WIDTH="76" HPOS="701" VPOS="1087" ID="st4-214"/></TextLine><TextLine HPOS="197" VPOS="1120" ID="tl4-29" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="external" WIDTH="94" HPOS="197" VPOS="1120" ID="st4-215"/><SP/><String HEIGHT="26" CONTENT="accounts" WIDTH="100" HPOS="299" VPOS="1120" ID="st4-216"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="399" VPOS="1120" ID="st4-217"/><SP/><String HEIGHT="26" CONTENT="including" WIDTH="108" HPOS="421" VPOS="1120" ID="st4-218"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="538" VPOS="1120" ID="st4-219"/><SP/><String HEIGHT="26" CONTENT="accumulation" WIDTH="159" HPOS="585" VPOS="1120" ID="st4-220"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="752" VPOS="1120" ID="st4-221"/></TextLine><TextLine HPOS="197" VPOS="1153" ID="tl4-30" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="foreign" WIDTH="85" HPOS="197" VPOS="1153" ID="st4-222"/><SP/><String HEIGHT="27" CONTENT="exchange" WIDTH="112" HPOS="294" VPOS="1153" ID="st4-223"/><SP/><String HEIGHT="27" CONTENT="reserves" WIDTH="95" HPOS="418" VPOS="1153" ID="st4-224"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="524" VPOS="1153" ID="st4-225"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="581" VPOS="1153" ID="st4-226"/><SP/><String HEIGHT="27" CONTENT="preservation" WIDTH="145" HPOS="632" VPOS="1153" ID="st4-227"/></TextLine><TextLine HPOS="197" VPOS="1187" ID="tl4-31" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="197" VPOS="1187" ID="st4-228"/><SP/><String HEIGHT="26" CONTENT="competitive" WIDTH="138" HPOS="242" VPOS="1187" ID="st4-229"/><String HEIGHT="26" CONTENT="(" WIDTH="10" HPOS="401" VPOS="1187" ID="st4-230"/><String HEIGHT="26" CONTENT="or" WIDTH="22" HPOS="411" VPOS="1187" ID="st4-231"/><SP/><String HEIGHT="26" CONTENT="non" WIDTH="37" HPOS="454" VPOS="1187" ID="st4-232"/><String HEIGHT="26" CONTENT="-" WIDTH="13" HPOS="491" VPOS="1187" ID="st4-233"/><String HEIGHT="26" CONTENT="appreciated" WIDTH="139" HPOS="504" VPOS="1187" ID="st4-234"/><String HEIGHT="26" CONTENT=")" WIDTH="13" HPOS="643" VPOS="1187" ID="st4-235"/><SP/><String HEIGHT="26" CONTENT="real" WIDTH="44" HPOS="677" VPOS="1187" ID="st4-236"/><SP/><String HEIGHT="26" CONTENT="ex" WIDTH="24" HPOS="741" VPOS="1187" ID="st4-237" SUBS_TYPE="HypPart1" SUBS_CONTENT="exchange"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="1187" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1220" ID="tl4-32" WIDTH="159" HEIGHT="26"><String HEIGHT="26" CONTENT="change" WIDTH="86" HPOS="197" VPOS="1220" ID="st4-238" SUBS_TYPE="HypPart2" SUBS_CONTENT="exchange"/><SP/><String HEIGHT="26" CONTENT="rates" WIDTH="54" HPOS="291" VPOS="1220" ID="st4-239"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="345" VPOS="1220" ID="st4-240"/></TextLine><TextLine HPOS="197" VPOS="1270" ID="tl4-33" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="197" VPOS="1270" ID="st4-241"/><SP/><String HEIGHT="26" CONTENT="debate" WIDTH="82" HPOS="253" VPOS="1270" ID="st4-242"/><SP/><String HEIGHT="26" CONTENT="about" WIDTH="69" HPOS="348" VPOS="1270" ID="st4-243"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="98" HPOS="431" VPOS="1270" ID="st4-244"/><SP/><String HEIGHT="26" CONTENT="regulations" WIDTH="132" HPOS="542" VPOS="1270" ID="st4-245"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="687" VPOS="1270" ID="st4-246"/><SP/><String HEIGHT="26" CONTENT="open" WIDTH="60" HPOS="717" VPOS="1270" ID="st4-247"/></TextLine><TextLine HPOS="197" VPOS="1303" ID="tl4-34" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="and" WIDTH="44" HPOS="197" VPOS="1303" ID="st4-248"/><SP/><String HEIGHT="27" CONTENT="there" WIDTH="62" HPOS="251" VPOS="1303" ID="st4-249"/><SP/><String HEIGHT="27" CONTENT="are" WIDTH="37" HPOS="322" VPOS="1303" ID="st4-250"/><SP/><String HEIGHT="27" CONTENT="many" WIDTH="65" HPOS="369" VPOS="1303" ID="st4-251"/><SP/><String HEIGHT="27" CONTENT="initiatives" WIDTH="107" HPOS="444" VPOS="1303" ID="st4-252"/><String HEIGHT="27" CONTENT="." WIDTH="10" HPOS="551" VPOS="1303" ID="st4-253"/><SP/><String HEIGHT="27" CONTENT="A" WIDTH="18" HPOS="571" VPOS="1303" ID="st4-254"/><SP/><String HEIGHT="27" CONTENT="risk" WIDTH="40" HPOS="599" VPOS="1303" ID="st4-255"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="47" HPOS="649" VPOS="1303" ID="st4-256"/><SP/><String HEIGHT="27" CONTENT="devel" WIDTH="60" HPOS="706" VPOS="1303" ID="st4-257" SUBS_TYPE="HypPart1" SUBS_CONTENT="developing"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="1303" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1337" ID="tl4-35" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="oping" WIDTH="68" HPOS="197" VPOS="1337" ID="st4-258" SUBS_TYPE="HypPart2" SUBS_CONTENT="developing"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="278" VPOS="1337" ID="st4-259"/><SP/><String HEIGHT="26" CONTENT="face" WIDTH="49" HPOS="399" VPOS="1337" ID="st4-260"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="462" VPOS="1337" ID="st4-261"/><SP/><String HEIGHT="26" CONTENT="this" WIDTH="41" HPOS="497" VPOS="1337" ID="st4-262"/><SP/><String HEIGHT="26" CONTENT="context" WIDTH="88" HPOS="552" VPOS="1337" ID="st4-263"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="653" VPOS="1337" ID="st4-264"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="684" VPOS="1337" ID="st4-265"/><SP/><String HEIGHT="26" CONTENT="re" WIDTH="22" HPOS="745" VPOS="1337" ID="st4-266" SUBS_TYPE="HypPart1" SUBS_CONTENT="reforms"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1337" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1370" ID="tl4-36" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="forms" WIDTH="67" HPOS="197" VPOS="1370" ID="st4-267" SUBS_TYPE="HypPart2" SUBS_CONTENT="reforms"/><SP/><String HEIGHT="26" CONTENT="end" WIDTH="45" HPOS="279" VPOS="1370" ID="st4-268"/><SP/><String HEIGHT="26" CONTENT="up" WIDTH="31" HPOS="338" VPOS="1370" ID="st4-269"/><SP/><String HEIGHT="26" CONTENT="being" WIDTH="66" HPOS="384" VPOS="1370" ID="st4-270"/><SP/><String HEIGHT="26" CONTENT="discussed" WIDTH="111" HPOS="465" VPOS="1370" ID="st4-271"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="590" VPOS="1370" ID="st4-272"/><SP/><String HEIGHT="26" CONTENT="shaped" WIDTH="85" HPOS="650" VPOS="1370" ID="st4-273"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="28" HPOS="749" VPOS="1370" ID="st4-274"/></TextLine><TextLine HPOS="197" VPOS="1403" ID="tl4-37" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="developed" WIDTH="122" HPOS="197" VPOS="1403" ID="st4-275"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="108" HPOS="329" VPOS="1403" ID="st4-276"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="44" HPOS="448" VPOS="1403" ID="st4-277"/><SP/><String HEIGHT="27" CONTENT="then" WIDTH="54" HPOS="503" VPOS="1403" ID="st4-278"/><SP/><String HEIGHT="27" CONTENT="imposed" WIDTH="100" HPOS="568" VPOS="1403" ID="st4-279"/><SP/><String HEIGHT="27" CONTENT="as" WIDTH="24" HPOS="679" VPOS="1403" ID="st4-280"/><SP/><String HEIGHT="27" CONTENT="inter" WIDTH="53" HPOS="714" VPOS="1403" ID="st4-281" SUBS_TYPE="HypPart1" SUBS_CONTENT="international"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1403" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1437" ID="tl4-38" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="national" WIDTH="95" HPOS="197" VPOS="1437" ID="st4-282" SUBS_TYPE="HypPart2" SUBS_CONTENT="international"/><SP/><String HEIGHT="26" CONTENT="standards" WIDTH="109" HPOS="302" VPOS="1437" ID="st4-283"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="411" VPOS="1437" ID="st4-284"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="24" HPOS="435" VPOS="1437" ID="st4-285"/><SP/><String HEIGHT="26" CONTENT="it" WIDTH="16" HPOS="469" VPOS="1437" ID="st4-286"/><SP/><String HEIGHT="26" CONTENT="has" WIDTH="40" HPOS="495" VPOS="1437" ID="st4-287"/><SP/><String HEIGHT="26" CONTENT="been" WIDTH="59" HPOS="545" VPOS="1437" ID="st4-288"/><SP/><String HEIGHT="26" CONTENT="happening" WIDTH="127" HPOS="614" VPOS="1437" ID="st4-289"/><SP/><String HEIGHT="26" CONTENT="so" WIDTH="26" HPOS="751" VPOS="1437" ID="st4-290"/></TextLine><TextLine HPOS="197" VPOS="1470" ID="tl4-39" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="far" WIDTH="30" HPOS="197" VPOS="1470" ID="st4-291"/><String HEIGHT="26" CONTENT="." WIDTH="10" HPOS="227" VPOS="1470" ID="st4-292"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="247" VPOS="1470" ID="st4-293"/><SP/><String HEIGHT="26" CONTENT="active" WIDTH="68" HPOS="301" VPOS="1470" ID="st4-294"/><SP/><String HEIGHT="26" CONTENT="involvement" WIDTH="144" HPOS="379" VPOS="1470" ID="st4-295"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="534" VPOS="1470" ID="st4-296"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="569" VPOS="1470" ID="st4-297"/><SP/><String HEIGHT="26" CONTENT="coun" WIDTH="55" HPOS="709" VPOS="1470" ID="st4-298" SUBS_TYPE="HypPart1" SUBS_CONTENT="countries"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1470" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1503" ID="tl4-40" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="tries" WIDTH="49" HPOS="197" VPOS="1503" ID="st4-299" SUBS_TYPE="HypPart2" SUBS_CONTENT="countries"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="255" VPOS="1503" ID="st4-300"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="286" VPOS="1503" ID="st4-301"/><SP/><String HEIGHT="27" CONTENT="reformulation" WIDTH="162" HPOS="333" VPOS="1503" ID="st4-302"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="504" VPOS="1503" ID="st4-303"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="538" VPOS="1503" ID="st4-304"/><SP/><String HEIGHT="27" CONTENT="regulations" WIDTH="131" HPOS="646" VPOS="1503" ID="st4-305"/></TextLine><TextLine HPOS="197" VPOS="1537" ID="tl4-41" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="197" VPOS="1537" ID="st4-306"/><SP/><String HEIGHT="26" CONTENT="an" WIDTH="30" HPOS="222" VPOS="1537" ID="st4-307"/><SP/><String HEIGHT="26" CONTENT="important" WIDTH="117" HPOS="261" VPOS="1537" ID="st4-308"/><SP/><String HEIGHT="26" CONTENT="issue" WIDTH="57" HPOS="387" VPOS="1537" ID="st4-309"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="453" VPOS="1537" ID="st4-310"/><SP/><String HEIGHT="26" CONTENT="these" WIDTH="64" HPOS="509" VPOS="1537" ID="st4-311"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="582" VPOS="1537" ID="st4-312"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="698" VPOS="1537" ID="st4-313"/></TextLine><TextLine HPOS="197" VPOS="1570" ID="tl4-42" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="fight" WIDTH="55" HPOS="197" VPOS="1570" ID="st4-314"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="31" HPOS="260" VPOS="1570" ID="st4-315"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="291" VPOS="1570" ID="st4-316"/><SP/><String HEIGHT="26" CONTENT="but" WIDTH="40" HPOS="310" VPOS="1570" ID="st4-317"/><SP/><String HEIGHT="26" CONTENT="even" WIDTH="55" HPOS="358" VPOS="1570" ID="st4-318"/><SP/><String HEIGHT="26" CONTENT="more" WIDTH="62" HPOS="421" VPOS="1570" ID="st4-319"/><SP/><String HEIGHT="26" CONTENT="important" WIDTH="118" HPOS="491" VPOS="1570" ID="st4-320"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="616" VPOS="1570" ID="st4-321"/><SP/><String HEIGHT="26" CONTENT="them" WIDTH="62" HPOS="658" VPOS="1570" ID="st4-322"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="728" VPOS="1570" ID="st4-323"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="753" VPOS="1570" ID="st4-324"/></TextLine><TextLine HPOS="197" VPOS="1603" ID="tl4-43" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="take" WIDTH="51" HPOS="197" VPOS="1603" ID="st4-325"/><SP/><String HEIGHT="27" CONTENT="advantage" WIDTH="124" HPOS="260" VPOS="1603" ID="st4-326"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="397" VPOS="1603" ID="st4-327"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="434" VPOS="1603" ID="st4-328"/><SP/><String HEIGHT="27" CONTENT="circumstances" WIDTH="165" HPOS="485" VPOS="1603" ID="st4-329"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="663" VPOS="1603" ID="st4-330"/><SP/><String HEIGHT="27" CONTENT="push" WIDTH="57" HPOS="720" VPOS="1603" ID="st4-331"/></TextLine><TextLine HPOS="197" VPOS="1637" ID="tl4-44" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="197" VPOS="1637" ID="st4-332"/><SP/><String HEIGHT="26" CONTENT="their" WIDTH="54" HPOS="239" VPOS="1637" ID="st4-333"/><SP/><String HEIGHT="26" CONTENT="own" WIDTH="53" HPOS="301" VPOS="1637" ID="st4-334"/><SP/><String HEIGHT="26" CONTENT="agenda" WIDTH="81" HPOS="363" VPOS="1637" ID="st4-335"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="444" VPOS="1637" ID="st4-336"/><SP/><String HEIGHT="26" CONTENT="This" WIDTH="46" HPOS="467" VPOS="1637" ID="st4-337"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="522" VPOS="1637" ID="st4-338"/><SP/><String HEIGHT="26" CONTENT="incorporate" WIDTH="136" HPOS="609" VPOS="1637" ID="st4-339"/><SP/><String HEIGHT="26" CONTENT="at" WIDTH="23" HPOS="754" VPOS="1637" ID="st4-340"/></TextLine><TextLine HPOS="197" VPOS="1670" ID="tl4-45" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="least" WIDTH="54" HPOS="197" VPOS="1670" ID="st4-341"/><SP/><String HEIGHT="26" CONTENT="three" WIDTH="61" HPOS="265" VPOS="1670" ID="st4-342"/><SP/><String HEIGHT="26" CONTENT="important" WIDTH="117" HPOS="341" VPOS="1670" ID="st4-343"/><SP/><String HEIGHT="26" CONTENT="lessons" WIDTH="84" HPOS="472" VPOS="1670" ID="st4-344"/><SP/><String HEIGHT="26" CONTENT="learnt" WIDTH="68" HPOS="570" VPOS="1670" ID="st4-345"/><SP/><String HEIGHT="26" CONTENT="from" WIDTH="57" HPOS="652" VPOS="1670" ID="st4-346"/><SP/><String HEIGHT="26" CONTENT="their" WIDTH="54" HPOS="723" VPOS="1670" ID="st4-347"/></TextLine><TextLine HPOS="197" VPOS="1703" ID="tl4-46" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="own" WIDTH="52" HPOS="197" VPOS="1703" ID="st4-348"/><SP/><String HEIGHT="27" CONTENT="experiences" WIDTH="137" HPOS="266" VPOS="1703" ID="st4-349"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="420" VPOS="1703" ID="st4-350"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="462" VPOS="1703" ID="st4-351"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="60" HPOS="578" VPOS="1703" ID="st4-352"/><String HEIGHT="27" CONTENT="." WIDTH="11" HPOS="638" VPOS="1703" ID="st4-353"/><SP/><String HEIGHT="27" CONTENT="First" WIDTH="45" HPOS="666" VPOS="1703" ID="st4-354"/><String HEIGHT="27" CONTENT="," WIDTH="10" HPOS="711" VPOS="1703" ID="st4-355"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="739" VPOS="1703" ID="st4-356"/></TextLine><TextLine HPOS="197" VPOS="1737" ID="tl4-47" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="agenda" WIDTH="87" HPOS="197" VPOS="1737" ID="st4-357"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="298" VPOS="1737" ID="st4-358"/><SP/><String HEIGHT="26" CONTENT="make" WIDTH="65" HPOS="391" VPOS="1737" ID="st4-359"/><SP/><String HEIGHT="26" CONTENT="explicit" WIDTH="82" HPOS="470" VPOS="1737" ID="st4-360"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="566" VPOS="1737" ID="st4-361"/><SP/><String HEIGHT="26" CONTENT="autonomy" WIDTH="121" HPOS="618" VPOS="1737" ID="st4-362"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="753" VPOS="1737" ID="st4-363"/></TextLine><TextLine HPOS="197" VPOS="1770" ID="tl4-48" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="developing" WIDTH="129" HPOS="197" VPOS="1770" ID="st4-364"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="343" VPOS="1770" ID="st4-365"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="467" VPOS="1770" ID="st4-366"/><SP/><String HEIGHT="26" CONTENT="apply" WIDTH="63" HPOS="509" VPOS="1770" ID="st4-367"/><SP/><String HEIGHT="26" CONTENT="capital" WIDTH="77" HPOS="589" VPOS="1770" ID="st4-368"/><SP/><String HEIGHT="26" CONTENT="account" WIDTH="94" HPOS="683" VPOS="1770" ID="st4-369"/></TextLine><TextLine HPOS="197" VPOS="1803" ID="tl4-49" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="management" WIDTH="157" HPOS="197" VPOS="1803" ID="st4-370"/><SP/><String HEIGHT="27" CONTENT="techniques" WIDTH="128" HPOS="363" VPOS="1803" ID="st4-371"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="44" HPOS="501" VPOS="1803" ID="st4-372"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="24" HPOS="555" VPOS="1803" ID="st4-373"/><SP/><String HEIGHT="27" CONTENT="conduct" WIDTH="97" HPOS="588" VPOS="1803" ID="st4-374"/><SP/><String HEIGHT="27" CONTENT="macro" WIDTH="70" HPOS="694" VPOS="1803" ID="st4-375" SUBS_TYPE="HypPart1" SUBS_CONTENT="macroeconomic"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1803" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1837" ID="tl4-50" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="economic" WIDTH="114" HPOS="197" VPOS="1837" ID="st4-376" SUBS_TYPE="HypPart2" SUBS_CONTENT="macroeconomic"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="86" HPOS="334" VPOS="1837" ID="st4-377"/><SP/><String HEIGHT="26" CONTENT="with" WIDTH="52" HPOS="444" VPOS="1837" ID="st4-378"/><SP/><String HEIGHT="26" CONTENT="an" WIDTH="30" HPOS="519" VPOS="1837" ID="st4-379"/><SP/><String HEIGHT="26" CONTENT="important" WIDTH="117" HPOS="572" VPOS="1837" ID="st4-380"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="712" VPOS="1837" ID="st4-381" SUBS_TYPE="HypPart1" SUBS_CONTENT="crisisprevention"/><HYP CONTENT="-" WIDTH="9" HPOS="768" VPOS="1837" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1870" ID="tl4-51" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="prevention" WIDTH="126" HPOS="197" VPOS="1870" ID="st4-382" SUBS_TYPE="HypPart2" SUBS_CONTENT="crisisprevention"/><SP/><String HEIGHT="26" CONTENT="component" WIDTH="129" HPOS="333" VPOS="1870" ID="st4-383"/><String HEIGHT="26" CONTENT="." WIDTH="15" HPOS="462" VPOS="1870" ID="st4-384"/><SP/><String HEIGHT="26" CONTENT="Second" WIDTH="80" HPOS="487" VPOS="1870" ID="st4-385"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="567" VPOS="1870" ID="st4-386"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="591" VPOS="1870" ID="st4-387"/><SP/><String HEIGHT="26" CONTENT="global" WIDTH="72" HPOS="615" VPOS="1870" ID="st4-388"/><SP/><String HEIGHT="26" CONTENT="system" WIDTH="80" HPOS="697" VPOS="1870" ID="st4-389"/></TextLine><TextLine HPOS="197" VPOS="1903" ID="tl4-52" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="197" VPOS="1903" ID="st4-390"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="63" HPOS="232" VPOS="1903" ID="st4-391"/><SP/><String HEIGHT="27" CONTENT="prevention" WIDTH="126" HPOS="306" VPOS="1903" ID="st4-392"/><SP/><String HEIGHT="27" CONTENT="should" WIDTH="78" HPOS="443" VPOS="1903" ID="st4-393"/><SP/><String HEIGHT="27" CONTENT="include" WIDTH="85" HPOS="532" VPOS="1903" ID="st4-394"/><SP/><String HEIGHT="27" CONTENT="international" WIDTH="150" HPOS="627" VPOS="1903" ID="st4-395"/></TextLine><TextLine HPOS="197" VPOS="1937" ID="tl4-53" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="norms" WIDTH="74" HPOS="197" VPOS="1937" ID="st4-396"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="284" VPOS="1937" ID="st4-397"/><SP/><String HEIGHT="26" CONTENT="help" WIDTH="51" HPOS="345" VPOS="1937" ID="st4-398"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="409" VPOS="1937" ID="st4-399"/><SP/><String HEIGHT="26" CONTENT="smooth" WIDTH="89" HPOS="447" VPOS="1937" ID="st4-400"/><SP/><String HEIGHT="26" CONTENT="capital" WIDTH="77" HPOS="549" VPOS="1937" ID="st4-401"/><SP/><String HEIGHT="26" CONTENT="movements" WIDTH="137" HPOS="640" VPOS="1937" ID="st4-402"/></TextLine><TextLine HPOS="197" VPOS="1970" ID="tl4-54" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="197" VPOS="1970" ID="st4-403"/><SP/><String HEIGHT="26" CONTENT="also" WIDTH="46" HPOS="257" VPOS="1970" ID="st4-404"/><SP/><String HEIGHT="26" CONTENT="institutions" WIDTH="130" HPOS="318" VPOS="1970" ID="st4-405"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="464" VPOS="1970" ID="st4-406"/><SP/><String HEIGHT="26" CONTENT="international" WIDTH="150" HPOS="524" VPOS="1970" ID="st4-407"/><SP/><String HEIGHT="26" CONTENT="mecha" WIDTH="74" HPOS="689" VPOS="1970" ID="st4-408" SUBS_TYPE="HypPart1" SUBS_CONTENT="mechanisms"/><HYP CONTENT="-" WIDTH="14" HPOS="763" VPOS="1970" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="2003" ID="tl4-55" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="nisms" WIDTH="66" HPOS="197" VPOS="2003" ID="st4-409" SUBS_TYPE="HypPart2" SUBS_CONTENT="mechanisms"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="271" VPOS="2003" ID="st4-410"/><SP/><String HEIGHT="27" CONTENT="help" WIDTH="51" HPOS="327" VPOS="2003" ID="st4-411"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="386" VPOS="2003" ID="st4-412"/><SP/><String HEIGHT="27" CONTENT="compensate" WIDTH="143" HPOS="419" VPOS="2003" ID="st4-413"/><SP/><String HEIGHT="27" CONTENT="for" WIDTH="34" HPOS="570" VPOS="2003" ID="st4-414"/><SP/><String HEIGHT="27" CONTENT="private" WIDTH="80" HPOS="612" VPOS="2003" ID="st4-415"/><SP/><String HEIGHT="27" CONTENT="capital" WIDTH="77" HPOS="700" VPOS="2003" ID="st4-416"/></TextLine><TextLine HPOS="197" VPOS="2037" ID="tl4-56" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="outflows" WIDTH="98" HPOS="197" VPOS="2037" ID="st4-417"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="295" VPOS="2037" ID="st4-418"/><SP/><String HEIGHT="26" CONTENT="Third" WIDTH="57" HPOS="315" VPOS="2037" ID="st4-419"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="372" VPOS="2037" ID="st4-420"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="391" VPOS="2037" ID="st4-421"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="528" VPOS="2037" ID="st4-422"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="644" VPOS="2037" ID="st4-423"/><SP/><String HEIGHT="26" CONTENT="also" WIDTH="46" HPOS="731" VPOS="2037" ID="st4-424"/></TextLine><TextLine HPOS="197" VPOS="2070" ID="tl4-57" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="pursue" WIDTH="80" HPOS="197" VPOS="2070" ID="st4-425"/><SP/><String HEIGHT="26" CONTENT="an" WIDTH="29" HPOS="291" VPOS="2070" ID="st4-426"/><SP/><String HEIGHT="26" CONTENT="international" WIDTH="150" HPOS="334" VPOS="2070" ID="st4-427"/><SP/><String HEIGHT="26" CONTENT="agreement" WIDTH="128" HPOS="498" VPOS="2070" ID="st4-428"/><SP/><String HEIGHT="26" CONTENT="on" WIDTH="31" HPOS="640" VPOS="2070" ID="st4-429"/><SP/><String HEIGHT="26" CONTENT="real" WIDTH="43" HPOS="685" VPOS="2070" ID="st4-430"/><SP/><String HEIGHT="26" CONTENT="ex" WIDTH="24" HPOS="742" VPOS="2070" ID="st4-431" SUBS_TYPE="HypPart1" SUBS_CONTENT="exchange"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="2070" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="204" ID="tl4-58" WIDTH="236" HEIGHT="26"><String HEIGHT="26" CONTENT="change" WIDTH="87" HPOS="875" VPOS="204" ID="st4-432" SUBS_TYPE="HypPart2" SUBS_CONTENT="exchange"/><SP/><String HEIGHT="26" CONTENT="rate" WIDTH="46" HPOS="978" VPOS="204" ID="st4-433"/><SP/><String HEIGHT="26" CONTENT="levels" WIDTH="60" HPOS="1040" VPOS="204" ID="st4-434"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1100" VPOS="204" ID="st4-435"/></TextLine><TextLine HPOS="1115" VPOS="200" ID="tl4-59" WIDTH="7" HEIGHT="13"><String HEIGHT="13" CONTENT="5" WIDTH="7" HPOS="1115" VPOS="200" ID="st4-436"/></TextLine><TextLine HPOS="1142" VPOS="204" ID="tl4-60" WIDTH="314" HEIGHT="26"><String HEIGHT="26" CONTENT="Developing" WIDTH="133" HPOS="1142" VPOS="204" ID="st4-437"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="1290" VPOS="204" ID="st4-438"/><SP/><String HEIGHT="26" CONTENT="can" WIDTH="42" HPOS="1414" VPOS="204" ID="st4-439"/></TextLine><TextLine HPOS="875" VPOS="237" ID="tl4-61" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="benefit" WIDTH="84" HPOS="875" VPOS="237" ID="st4-440"/><SP/><String HEIGHT="26" CONTENT="from" WIDTH="57" HPOS="976" VPOS="237" ID="st4-441"/><SP/><String HEIGHT="26" CONTENT="maintaining" WIDTH="141" HPOS="1049" VPOS="237" ID="st4-442"/><SP/><String HEIGHT="26" CONTENT="competitive" WIDTH="138" HPOS="1206" VPOS="237" ID="st4-443"/><SP/><String HEIGHT="26" CONTENT="real" WIDTH="43" HPOS="1361" VPOS="237" ID="st4-444"/><SP/><String HEIGHT="26" CONTENT="ex" WIDTH="24" HPOS="1420" VPOS="237" ID="st4-445" SUBS_TYPE="HypPart1" SUBS_CONTENT="exchange"/><HYP CONTENT="-" WIDTH="12" HPOS="1444" VPOS="237" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="270" ID="tl4-62" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="change" WIDTH="87" HPOS="875" VPOS="270" ID="st4-446" SUBS_TYPE="HypPart2" SUBS_CONTENT="exchange"/><SP/><String HEIGHT="27" CONTENT="rates" WIDTH="57" HPOS="977" VPOS="270" ID="st4-447"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1049" VPOS="270" ID="st4-448"/><SP/><String HEIGHT="27" CONTENT="various" WIDTH="83" HPOS="1086" VPOS="270" ID="st4-449"/><SP/><String HEIGHT="27" CONTENT="ways" WIDTH="53" HPOS="1184" VPOS="270" ID="st4-450"/><String HEIGHT="27" CONTENT="." WIDTH="14" HPOS="1237" VPOS="270" ID="st4-451"/><SP/><String HEIGHT="27" CONTENT="For" WIDTH="37" HPOS="1266" VPOS="270" ID="st4-452"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1318" VPOS="270" ID="st4-453"/><SP/><String HEIGHT="27" CONTENT="current" WIDTH="85" HPOS="1371" VPOS="270" ID="st4-454"/></TextLine><TextLine HPOS="875" VPOS="304" ID="tl4-63" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="discussion" WIDTH="115" HPOS="875" VPOS="304" ID="st4-455"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="990" VPOS="304" ID="st4-456"/><SP/><String HEIGHT="26" CONTENT="it" WIDTH="16" HPOS="1014" VPOS="304" ID="st4-457"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="1042" VPOS="304" ID="st4-458"/><SP/><String HEIGHT="26" CONTENT="relevant" WIDTH="94" HPOS="1071" VPOS="304" ID="st4-459"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1177" VPOS="304" ID="st4-460"/><SP/><String HEIGHT="26" CONTENT="stress" WIDTH="65" HPOS="1214" VPOS="304" ID="st4-461"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="1291" VPOS="304" ID="st4-462"/><SP/><String HEIGHT="26" CONTENT="competi" WIDTH="92" HPOS="1351" VPOS="304" ID="st4-463" SUBS_TYPE="HypPart1" SUBS_CONTENT="competitive"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="304" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="337" ID="tl4-64" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="tive" WIDTH="42" HPOS="875" VPOS="337" ID="st4-464" SUBS_TYPE="HypPart2" SUBS_CONTENT="competitive"/><SP/><String HEIGHT="26" CONTENT="exchange" WIDTH="113" HPOS="929" VPOS="337" ID="st4-465"/><SP/><String HEIGHT="26" CONTENT="rates" WIDTH="57" HPOS="1053" VPOS="337" ID="st4-466"/><SP/><String HEIGHT="26" CONTENT="typically" WIDTH="94" HPOS="1122" VPOS="337" ID="st4-467"/><SP/><String HEIGHT="26" CONTENT="imply" WIDTH="64" HPOS="1227" VPOS="337" ID="st4-468"/><SP/><String HEIGHT="26" CONTENT="low" WIDTH="44" HPOS="1302" VPOS="337" ID="st4-469"/><SP/><String HEIGHT="26" CONTENT="depend" WIDTH="85" HPOS="1357" VPOS="337" ID="st4-470" SUBS_TYPE="HypPart1" SUBS_CONTENT="dependence"/><HYP CONTENT="-" WIDTH="14" HPOS="1442" VPOS="337" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="370" ID="tl4-65" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="ence" WIDTH="56" HPOS="875" VPOS="370" ID="st4-471" SUBS_TYPE="HypPart2" SUBS_CONTENT="dependence"/><SP/><String HEIGHT="27" CONTENT="on" WIDTH="31" HPOS="939" VPOS="370" ID="st4-472"/><SP/><String HEIGHT="27" CONTENT="foreign" WIDTH="85" HPOS="978" VPOS="370" ID="st4-473"/><SP/><String HEIGHT="27" CONTENT="savings" WIDTH="85" HPOS="1071" VPOS="370" ID="st4-474"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="1164" VPOS="370" ID="st4-475"/><SP/><String HEIGHT="27" CONTENT="lead" WIDTH="50" HPOS="1217" VPOS="370" ID="st4-476"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="24" HPOS="1275" VPOS="370" ID="st4-477"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1307" VPOS="370" ID="st4-478"/><SP/><String HEIGHT="27" CONTENT="accumu" WIDTH="88" HPOS="1354" VPOS="370" ID="st4-479" SUBS_TYPE="HypPart1" SUBS_CONTENT="accumulation"/><HYP CONTENT="-" WIDTH="14" HPOS="1442" VPOS="370" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="404" ID="tl4-66" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="lation" WIDTH="67" HPOS="875" VPOS="404" ID="st4-480" SUBS_TYPE="HypPart2" SUBS_CONTENT="accumulation"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="959" VPOS="404" ID="st4-481"/><SP/><String HEIGHT="26" CONTENT="foreign" WIDTH="85" HPOS="1001" VPOS="404" ID="st4-482"/><SP/><String HEIGHT="26" CONTENT="exchange" WIDTH="113" HPOS="1103" VPOS="404" ID="st4-483"/><SP/><String HEIGHT="26" CONTENT="reserves" WIDTH="90" HPOS="1233" VPOS="404" ID="st4-484"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1323" VPOS="404" ID="st4-485"/><SP/><String HEIGHT="26" CONTENT="Both" WIDTH="56" HPOS="1352" VPOS="404" ID="st4-486"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1425" VPOS="404" ID="st4-487" SUBS_TYPE="HypPart1" SUBS_CONTENT="increase"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="404" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="437" ID="tl4-67" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="crease" WIDTH="75" HPOS="875" VPOS="437" ID="st4-488" SUBS_TYPE="HypPart2" SUBS_CONTENT="increase"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="962" VPOS="437" ID="st4-489"/><SP/><String HEIGHT="26" CONTENT="external" WIDTH="94" HPOS="1014" VPOS="437" ID="st4-490"/><SP/><String HEIGHT="26" CONTENT="robustness" WIDTH="127" HPOS="1120" VPOS="437" ID="st4-491"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1260" VPOS="437" ID="st4-492"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1297" VPOS="437" ID="st4-493"/><SP/><String HEIGHT="26" CONTENT="economy" WIDTH="108" HPOS="1348" VPOS="437" ID="st4-494"/></TextLine><TextLine HPOS="875" VPOS="470" ID="tl4-68" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="875" VPOS="470" ID="st4-495"/><SP/><String HEIGHT="27" CONTENT="thus" WIDTH="51" HPOS="933" VPOS="470" ID="st4-496"/><SP/><String HEIGHT="27" CONTENT="help" WIDTH="51" HPOS="997" VPOS="470" ID="st4-497"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="1060" VPOS="470" ID="st4-498"/><SP/><String HEIGHT="27" CONTENT="prevent" WIDTH="90" HPOS="1098" VPOS="470" ID="st4-499"/><SP/><String HEIGHT="27" CONTENT="sudden" WIDTH="87" HPOS="1200" VPOS="470" ID="st4-500"/><SP/><String HEIGHT="27" CONTENT="stops" WIDTH="62" HPOS="1299" VPOS="470" ID="st4-501"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="1374" VPOS="470" ID="st4-502"/><SP/><String HEIGHT="27" CONTENT="fi" WIDTH="17" HPOS="1431" VPOS="470" ID="st4-503" SUBS_TYPE="HypPart1" SUBS_CONTENT="financial"/><HYP CONTENT="-" WIDTH="8" HPOS="1448" VPOS="470" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="504" ID="tl4-69" WIDTH="163" HEIGHT="26"><String HEIGHT="26" CONTENT="nancial" WIDTH="84" HPOS="875" VPOS="504" ID="st4-504" SUBS_TYPE="HypPart2" SUBS_CONTENT="financial"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="60" HPOS="967" VPOS="504" ID="st4-505"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1027" VPOS="504" ID="st4-506"/></TextLine><TextLine HPOS="875" VPOS="569" ID="tl4-70" WIDTH="428" HEIGHT="28"><String HEIGHT="28" CONTENT="3" WIDTH="13" HPOS="875" VPOS="569" ID="st4-507"/><String HEIGHT="28" CONTENT="." WIDTH="13" HPOS="888" VPOS="569" ID="st4-508"/><SP/><String HEIGHT="28" CONTENT="So" WIDTH="35" HPOS="931" VPOS="569" ID="st4-509"/><SP/><String HEIGHT="28" CONTENT="far" WIDTH="36" HPOS="975" VPOS="569" ID="st4-510"/><String HEIGHT="28" CONTENT=":" WIDTH="13" HPOS="1011" VPOS="569" ID="st4-511"/><SP/><String HEIGHT="28" CONTENT="Policy" WIDTH="83" HPOS="1033" VPOS="569" ID="st4-512"/><SP/><String HEIGHT="28" CONTENT="responses" WIDTH="143" HPOS="1124" VPOS="569" ID="st4-513"/><SP/><String HEIGHT="28" CONTENT="in" WIDTH="28" HPOS="1275" VPOS="569" ID="st4-514"/></TextLine><TextLine HPOS="935" VPOS="602" ID="tl4-71" WIDTH="419" HEIGHT="29"><String HEIGHT="29" CONTENT="developed" WIDTH="151" HPOS="935" VPOS="602" ID="st4-515"/><SP/><String HEIGHT="29" CONTENT="and" WIDTH="55" HPOS="1094" VPOS="602" ID="st4-516"/><SP/><String HEIGHT="29" CONTENT="in" WIDTH="27" HPOS="1157" VPOS="602" ID="st4-517"/><SP/><String HEIGHT="29" CONTENT="developing" WIDTH="161" HPOS="1193" VPOS="602" ID="st4-518"/></TextLine><TextLine HPOS="935" VPOS="635" ID="tl4-72" WIDTH="132" HEIGHT="29"><String HEIGHT="29" CONTENT="countries" WIDTH="132" HPOS="935" VPOS="635" ID="st4-519"/></TextLine><TextLine HPOS="875" VPOS="687" ID="tl4-73" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="Once" WIDTH="62" HPOS="875" VPOS="687" ID="st4-520"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="948" VPOS="687" ID="st4-521"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="997" VPOS="687" ID="st4-522"/><SP/><String HEIGHT="26" CONTENT="bubble" WIDTH="82" HPOS="1106" VPOS="687" ID="st4-523"/><SP/><String HEIGHT="26" CONTENT="generated" WIDTH="121" HPOS="1198" VPOS="687" ID="st4-524"/><SP/><String HEIGHT="26" CONTENT="during" WIDTH="77" HPOS="1330" VPOS="687" ID="st4-525"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="687" ID="st4-526"/></TextLine><TextLine HPOS="875" VPOS="720" ID="tl4-74" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="‘" WIDTH="13" HPOS="875" VPOS="720" ID="st4-527"/><String HEIGHT="27" CONTENT="subprime" WIDTH="104" HPOS="888" VPOS="720" ID="st4-528"/><String HEIGHT="27" CONTENT="-" WIDTH="13" HPOS="992" VPOS="720" ID="st4-529"/><String HEIGHT="27" CONTENT="mania" WIDTH="65" HPOS="1005" VPOS="720" ID="st4-530"/><String HEIGHT="27" CONTENT="’" WIDTH="13" HPOS="1070" VPOS="720" ID="st4-531"/><SP/><String HEIGHT="27" CONTENT="was" WIDTH="46" HPOS="1096" VPOS="720" ID="st4-532"/><SP/><String HEIGHT="27" CONTENT="pricked" WIDTH="82" HPOS="1156" VPOS="720" ID="st4-533"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="1238" VPOS="720" ID="st4-534"/><SP/><String HEIGHT="27" CONTENT="governments" WIDTH="155" HPOS="1263" VPOS="720" ID="st4-535"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1431" VPOS="720" ID="st4-536"/></TextLine><TextLine HPOS="875" VPOS="754" ID="tl4-75" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="developed" WIDTH="123" HPOS="875" VPOS="754" ID="st4-537"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="109" HPOS="1011" VPOS="754" ID="st4-538"/><SP/><String HEIGHT="26" CONTENT="rapidly" WIDTH="79" HPOS="1133" VPOS="754" ID="st4-539"/><SP/><String HEIGHT="26" CONTENT="started" WIDTH="82" HPOS="1226" VPOS="754" ID="st4-540"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="1322" VPOS="754" ID="st4-541"/><SP/><String HEIGHT="26" CONTENT="conduct" WIDTH="96" HPOS="1360" VPOS="754" ID="st4-542"/></TextLine><TextLine HPOS="875" VPOS="787" ID="tl4-76" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="stabilization" WIDTH="141" HPOS="875" VPOS="787" ID="st4-543"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="83" HPOS="1028" VPOS="787" ID="st4-544"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1111" VPOS="787" ID="st4-545"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="1134" VPOS="787" ID="st4-546"/><SP/><String HEIGHT="26" CONTENT="initial" WIDTH="63" HPOS="1190" VPOS="787" ID="st4-547"/><SP/><String HEIGHT="26" CONTENT="reaction" WIDTH="96" HPOS="1265" VPOS="787" ID="st4-548"/><SP/><String HEIGHT="26" CONTENT="was" WIDTH="46" HPOS="1373" VPOS="787" ID="st4-549"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1431" VPOS="787" ID="st4-550"/></TextLine><TextLine HPOS="875" VPOS="820" ID="tl4-77" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="use" WIDTH="41" HPOS="875" VPOS="820" ID="st4-551"/><SP/><String HEIGHT="27" CONTENT="monetary" WIDTH="113" HPOS="924" VPOS="820" ID="st4-552"/><SP/><String HEIGHT="27" CONTENT="policy" WIDTH="68" HPOS="1045" VPOS="820" ID="st4-553"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="1121" VPOS="820" ID="st4-554"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1150" VPOS="820" ID="st4-555"/><SP/><String HEIGHT="27" CONTENT="form" WIDTH="57" HPOS="1197" VPOS="820" ID="st4-556"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1262" VPOS="820" ID="st4-557"/><SP/><String HEIGHT="27" CONTENT="aggressive" WIDTH="122" HPOS="1295" VPOS="820" ID="st4-558"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="1425" VPOS="820" ID="st4-559" SUBS_TYPE="HypPart1" SUBS_CONTENT="interest"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="820" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="854" ID="tl4-78" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="terest" WIDTH="67" HPOS="875" VPOS="854" ID="st4-560" SUBS_TYPE="HypPart2" SUBS_CONTENT="interest"/><SP/><String HEIGHT="26" CONTENT="rate" WIDTH="46" HPOS="953" VPOS="854" ID="st4-561"/><SP/><String HEIGHT="26" CONTENT="cuts" WIDTH="44" HPOS="1010" VPOS="854" ID="st4-562"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1054" VPOS="854" ID="st4-563"/><SP/><String HEIGHT="26" CONTENT="However" WIDTH="98" HPOS="1077" VPOS="854" ID="st4-564"/><String HEIGHT="26" CONTENT="," WIDTH="15" HPOS="1175" VPOS="854" ID="st4-565"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1201" VPOS="854" ID="st4-566"/><SP/><String HEIGHT="26" CONTENT="sharp" WIDTH="65" HPOS="1250" VPOS="854" ID="st4-567"/><SP/><String HEIGHT="26" CONTENT="collapse" WIDTH="94" HPOS="1326" VPOS="854" ID="st4-568"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1431" VPOS="854" ID="st4-569"/></TextLine><TextLine HPOS="875" VPOS="887" ID="tl4-79" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="asset" WIDTH="59" HPOS="875" VPOS="887" ID="st4-570"/><SP/><String HEIGHT="26" CONTENT="prices" WIDTH="68" HPOS="943" VPOS="887" ID="st4-571"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="1021" VPOS="887" ID="st4-572"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1075" VPOS="887" ID="st4-573"/><SP/><String HEIGHT="26" CONTENT="evidence" WIDTH="103" HPOS="1123" VPOS="887" ID="st4-574"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="1235" VPOS="887" ID="st4-575"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1292" VPOS="887" ID="st4-576"/><SP/><String HEIGHT="26" CONTENT="mar" WIDTH="42" HPOS="1401" VPOS="887" ID="st4-577" SUBS_TYPE="HypPart1" SUBS_CONTENT="markets"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="887" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="920" ID="tl4-80" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="kets" WIDTH="48" HPOS="875" VPOS="920" ID="st4-578" SUBS_TYPE="HypPart2" SUBS_CONTENT="markets"/><SP/><String HEIGHT="27" CONTENT="continued" WIDTH="119" HPOS="937" VPOS="920" ID="st4-579"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="24" HPOS="1070" VPOS="920" ID="st4-580"/><SP/><String HEIGHT="27" CONTENT="be" WIDTH="30" HPOS="1108" VPOS="920" ID="st4-581"/><SP/><String HEIGHT="27" CONTENT="highly" WIDTH="71" HPOS="1151" VPOS="920" ID="st4-582"/><SP/><String HEIGHT="27" CONTENT="illiquid" WIDTH="77" HPOS="1236" VPOS="920" ID="st4-583"/><SP/><String HEIGHT="27" CONTENT="led" WIDTH="35" HPOS="1327" VPOS="920" ID="st4-584"/><SP/><String HEIGHT="27" CONTENT="central" WIDTH="80" HPOS="1376" VPOS="920" ID="st4-585"/></TextLine><TextLine HPOS="875" VPOS="954" ID="tl4-81" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="banks" WIDTH="70" HPOS="875" VPOS="954" ID="st4-586"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="955" VPOS="954" ID="st4-587"/><SP/><String HEIGHT="26" CONTENT="conduct" WIDTH="96" HPOS="989" VPOS="954" ID="st4-588"/><SP/><String HEIGHT="26" CONTENT="monetary" WIDTH="113" HPOS="1095" VPOS="954" ID="st4-589"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="68" HPOS="1218" VPOS="954" ID="st4-590"/><SP/><String HEIGHT="26" CONTENT="using" WIDTH="63" HPOS="1296" VPOS="954" ID="st4-591"/><SP/><String HEIGHT="26" CONTENT="an" WIDTH="29" HPOS="1369" VPOS="954" ID="st4-592"/><String HEIGHT="26" CONTENT="‘" WIDTH="12" HPOS="1408" VPOS="954" ID="st4-593"/><String HEIGHT="26" CONTENT="un" WIDTH="24" HPOS="1420" VPOS="954" ID="st4-594" SUBS_TYPE="HypPart1" SUBS_CONTENT="unconventional"/><HYP CONTENT="-" WIDTH="12" HPOS="1444" VPOS="954" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="987" ID="tl4-82" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="conventional" WIDTH="147" HPOS="875" VPOS="987" ID="st4-595" SUBS_TYPE="HypPart2" SUBS_CONTENT="unconventional"/><String HEIGHT="26" CONTENT="’" WIDTH="13" HPOS="1022" VPOS="987" ID="st4-596"/><SP/><String HEIGHT="26" CONTENT="quantitative" WIDTH="141" HPOS="1043" VPOS="987" ID="st4-597"/><SP/><String HEIGHT="26" CONTENT="easing" WIDTH="75" HPOS="1193" VPOS="987" ID="st4-598"/><SP/><String HEIGHT="26" CONTENT="strategy" WIDTH="90" HPOS="1277" VPOS="987" ID="st4-599"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1367" VPOS="987" ID="st4-600"/><SP/><String HEIGHT="26" CONTENT="These" WIDTH="68" HPOS="1388" VPOS="987" ID="st4-601"/></TextLine><TextLine HPOS="875" VPOS="1020" ID="tl4-83" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="drastic" WIDTH="78" HPOS="875" VPOS="1020" ID="st4-602"/><SP/><String HEIGHT="27" CONTENT="measures" WIDTH="111" HPOS="963" VPOS="1020" ID="st4-603"/><SP/><String HEIGHT="27" CONTENT="were" WIDTH="58" HPOS="1084" VPOS="1020" ID="st4-604"/><SP/><String HEIGHT="27" CONTENT="sterile" WIDTH="69" HPOS="1153" VPOS="1020" ID="st4-605"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1232" VPOS="1020" ID="st4-606"/><SP/><String HEIGHT="27" CONTENT="their" WIDTH="54" HPOS="1263" VPOS="1020" ID="st4-607"/><SP/><String HEIGHT="27" CONTENT="attempt" WIDTH="94" HPOS="1327" VPOS="1020" ID="st4-608"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="1431" VPOS="1020" ID="st4-609"/></TextLine><TextLine HPOS="875" VPOS="1054" ID="tl4-84" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="stop" WIDTH="52" HPOS="875" VPOS="1054" ID="st4-610"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="942" VPOS="1054" ID="st4-611"/><SP/><String HEIGHT="26" CONTENT="declining" WIDTH="106" HPOS="997" VPOS="1054" ID="st4-612"/><SP/><String HEIGHT="26" CONTENT="trend" WIDTH="63" HPOS="1120" VPOS="1054" ID="st4-613"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1199" VPOS="1054" ID="st4-614"/><SP/><String HEIGHT="26" CONTENT="economic" WIDTH="115" HPOS="1236" VPOS="1054" ID="st4-615"/><SP/><String HEIGHT="26" CONTENT="activity" WIDTH="79" HPOS="1367" VPOS="1054" ID="st4-616"/><String HEIGHT="26" CONTENT="." WIDTH="10" HPOS="1446" VPOS="1054" ID="st4-617"/></TextLine><TextLine HPOS="875" VPOS="1087" ID="tl4-85" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="Several" WIDTH="84" HPOS="875" VPOS="1087" ID="st4-618"/><SP/><String HEIGHT="26" CONTENT="governments" WIDTH="154" HPOS="981" VPOS="1087" ID="st4-619"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1157" VPOS="1087" ID="st4-620"/><SP/><String HEIGHT="26" CONTENT="developed" WIDTH="122" HPOS="1204" VPOS="1087" ID="st4-621"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="1348" VPOS="1087" ID="st4-622"/></TextLine><TextLine HPOS="875" VPOS="1120" ID="tl4-86" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="then" WIDTH="55" HPOS="875" VPOS="1120" ID="st4-623"/><SP/><String HEIGHT="27" CONTENT="decided" WIDTH="92" HPOS="940" VPOS="1120" ID="st4-624"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="1043" VPOS="1120" ID="st4-625"/><SP/><String HEIGHT="27" CONTENT="it" WIDTH="15" HPOS="1101" VPOS="1120" ID="st4-626"/><SP/><String HEIGHT="27" CONTENT="was" WIDTH="46" HPOS="1127" VPOS="1120" ID="st4-627"/><SP/><String HEIGHT="27" CONTENT="time" WIDTH="52" HPOS="1183" VPOS="1120" ID="st4-628"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="24" HPOS="1246" VPOS="1120" ID="st4-629"/><SP/><String HEIGHT="27" CONTENT="implement" WIDTH="126" HPOS="1281" VPOS="1120" ID="st4-630"/><SP/><String HEIGHT="27" CONTENT="ag" WIDTH="26" HPOS="1417" VPOS="1120" ID="st4-631" SUBS_TYPE="HypPart1" SUBS_CONTENT="aggressive"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="1120" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="1154" ID="tl4-87" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="gressive" WIDTH="93" HPOS="875" VPOS="1154" ID="st4-632" SUBS_TYPE="HypPart2" SUBS_CONTENT="aggressive"/><SP/><String HEIGHT="26" CONTENT="expansive" WIDTH="114" HPOS="984" VPOS="1154" ID="st4-633"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="1114" VPOS="1154" ID="st4-634"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="84" HPOS="1188" VPOS="1154" ID="st4-635"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1272" VPOS="1154" ID="st4-636"/><SP/><String HEIGHT="26" CONTENT="For" WIDTH="38" HPOS="1298" VPOS="1154" ID="st4-637"/><SP/><String HEIGHT="26" CONTENT="instance" WIDTH="93" HPOS="1351" VPOS="1154" ID="st4-638"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="1444" VPOS="1154" ID="st4-639"/></TextLine><TextLine HPOS="875" VPOS="1187" ID="tl4-88" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="875" VPOS="1187" ID="st4-640"/><SP/><String HEIGHT="26" CONTENT="Obama" WIDTH="87" HPOS="924" VPOS="1187" ID="st4-641"/><SP/><String HEIGHT="26" CONTENT="administration" WIDTH="170" HPOS="1021" VPOS="1187" ID="st4-642"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1201" VPOS="1187" ID="st4-643"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1233" VPOS="1187" ID="st4-644"/><SP/><String HEIGHT="26" CONTENT="US" WIDTH="33" HPOS="1281" VPOS="1187" ID="st4-645"/><SP/><String HEIGHT="26" CONTENT="launched" WIDTH="108" HPOS="1324" VPOS="1187" ID="st4-646"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1442" VPOS="1187" ID="st4-647"/></TextLine><TextLine HPOS="875" VPOS="1220" ID="tl4-89" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="significant" WIDTH="121" HPOS="875" VPOS="1220" ID="st4-648"/><SP/><String HEIGHT="27" CONTENT="fiscal" WIDTH="58" HPOS="1004" VPOS="1220" ID="st4-649"/><SP/><String HEIGHT="27" CONTENT="stimulus" WIDTH="98" HPOS="1070" VPOS="1220" ID="st4-650"/><SP/><String HEIGHT="27" CONTENT="package" WIDTH="99" HPOS="1175" VPOS="1220" ID="st4-651"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1282" VPOS="1220" ID="st4-652"/><String HEIGHT="27" CONTENT="$" WIDTH="15" HPOS="1315" VPOS="1220" ID="st4-653"/><String HEIGHT="27" CONTENT="787" WIDTH="47" HPOS="1330" VPOS="1220" ID="st4-654"/><SP/><String HEIGHT="27" CONTENT="billion" WIDTH="71" HPOS="1385" VPOS="1220" ID="st4-655"/></TextLine><TextLine HPOS="875" VPOS="1254" ID="tl4-90" WIDTH="209" HEIGHT="26"><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="875" VPOS="1254" ID="st4-656"/><SP/><String HEIGHT="26" CONTENT="February" WIDTH="102" HPOS="905" VPOS="1254" ID="st4-657"/><SP/><String HEIGHT="26" CONTENT="2009" WIDTH="56" HPOS="1014" VPOS="1254" ID="st4-658"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="1070" VPOS="1254" ID="st4-659"/></TextLine><TextLine HPOS="875" VPOS="1304" ID="tl4-91" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="875" VPOS="1304" ID="st4-660"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="68" HPOS="937" VPOS="1304" ID="st4-661"/><SP/><String HEIGHT="26" CONTENT="response" WIDTH="105" HPOS="1023" VPOS="1304" ID="st4-662"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="1146" VPOS="1304" ID="st4-663"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1188" VPOS="1304" ID="st4-664"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="86" HPOS="1244" VPOS="1304" ID="st4-665"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="1347" VPOS="1304" ID="st4-666"/><SP/><String HEIGHT="26" CONTENT="–in" WIDTH="35" HPOS="1421" VPOS="1304" ID="st4-667"/></TextLine><TextLine HPOS="875" VPOS="1337" ID="tl4-92" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="which" WIDTH="72" HPOS="875" VPOS="1337" ID="st4-668"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="956" VPOS="1337" ID="st4-669"/><SP/><String HEIGHT="26" CONTENT="quantitative" WIDTH="140" HPOS="979" VPOS="1337" ID="st4-670"/><SP/><String HEIGHT="26" CONTENT="easing" WIDTH="76" HPOS="1128" VPOS="1337" ID="st4-671"/><SP/><String HEIGHT="26" CONTENT="monetary" WIDTH="112" HPOS="1213" VPOS="1337" ID="st4-672"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="68" HPOS="1334" VPOS="1337" ID="st4-673"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1411" VPOS="1337" ID="st4-674"/></TextLine><TextLine HPOS="875" VPOS="1370" ID="tl4-93" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="an" WIDTH="30" HPOS="875" VPOS="1370" ID="st4-675"/><SP/><String HEIGHT="27" CONTENT="aggressive" WIDTH="122" HPOS="920" VPOS="1370" ID="st4-676"/><SP/><String HEIGHT="27" CONTENT="fiscal" WIDTH="59" HPOS="1056" VPOS="1370" ID="st4-677"/><SP/><String HEIGHT="27" CONTENT="policy" WIDTH="68" HPOS="1130" VPOS="1370" ID="st4-678"/><SP/><String HEIGHT="27" CONTENT="play" WIDTH="48" HPOS="1213" VPOS="1370" ID="st4-679"/><SP/><String HEIGHT="27" CONTENT="essential" WIDTH="100" HPOS="1276" VPOS="1370" ID="st4-680"/><SP/><String HEIGHT="27" CONTENT="roles" WIDTH="55" HPOS="1391" VPOS="1370" ID="st4-681" SUBS_TYPE="HypPart1" SUBS_CONTENT="rolesfound"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="1370" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="1404" ID="tl4-94" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="found" WIDTH="72" HPOS="875" VPOS="1404" ID="st4-682" SUBS_TYPE="HypPart2" SUBS_CONTENT="rolesfound"/><SP/><String HEIGHT="26" CONTENT="little" WIDTH="51" HPOS="956" VPOS="1404" ID="st4-683"/><SP/><String HEIGHT="26" CONTENT="support" WIDTH="91" HPOS="1016" VPOS="1404" ID="st4-684"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1116" VPOS="1404" ID="st4-685"/><SP/><String HEIGHT="26" CONTENT="modern" WIDTH="93" HPOS="1147" VPOS="1404" ID="st4-686"/><SP/><String HEIGHT="26" CONTENT="mainstream" WIDTH="139" HPOS="1249" VPOS="1404" ID="st4-687"/><SP/><String HEIGHT="26" CONTENT="mac" WIDTH="44" HPOS="1398" VPOS="1404" ID="st4-688" SUBS_TYPE="HypPart1" SUBS_CONTENT="macroeconomic"/><HYP CONTENT="-" WIDTH="14" HPOS="1442" VPOS="1404" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1437" ID="tl4-95" WIDTH="231" HEIGHT="26"><String HEIGHT="26" CONTENT="roeconomic" WIDTH="140" HPOS="875" VPOS="1437" ID="st4-689" SUBS_TYPE="HypPart2" SUBS_CONTENT="macroeconomic"/><SP/><String HEIGHT="26" CONTENT="theory" WIDTH="71" HPOS="1023" VPOS="1437" ID="st4-690"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1094" VPOS="1437" ID="st4-691"/></TextLine><TextLine HPOS="1106" VPOS="1433" ID="tl4-96" WIDTH="8" HEIGHT="13"><String HEIGHT="13" CONTENT="6" WIDTH="8" HPOS="1106" VPOS="1433" ID="st4-692"/></TextLine><TextLine HPOS="1122" VPOS="1437" ID="tl4-97" WIDTH="334" HEIGHT="26"><String HEIGHT="26" CONTENT="Its" WIDTH="27" HPOS="1122" VPOS="1437" ID="st4-693"/><SP/><String HEIGHT="26" CONTENT="inadequacy" WIDTH="135" HPOS="1157" VPOS="1437" ID="st4-694"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1300" VPOS="1437" ID="st4-695"/><SP/><String HEIGHT="26" CONTENT="this" WIDTH="42" HPOS="1330" VPOS="1437" ID="st4-696"/><SP/><String HEIGHT="26" CONTENT="aspect" WIDTH="76" HPOS="1380" VPOS="1437" ID="st4-697"/></TextLine><TextLine HPOS="875" VPOS="1470" ID="tl4-98" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="has" WIDTH="41" HPOS="875" VPOS="1470" ID="st4-698"/><SP/><String HEIGHT="27" CONTENT="led" WIDTH="36" HPOS="924" VPOS="1470" ID="st4-699"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="968" VPOS="1470" ID="st4-700"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="1001" VPOS="1470" ID="st4-701"/><SP/><String HEIGHT="27" CONTENT="revalorization" WIDTH="158" HPOS="1024" VPOS="1470" ID="st4-702"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1191" VPOS="1470" ID="st4-703"/><SP/><String HEIGHT="27" CONTENT="Keynesian" WIDTH="119" HPOS="1224" VPOS="1470" ID="st4-704"/><SP/><String HEIGHT="27" CONTENT="econom" WIDTH="90" HPOS="1351" VPOS="1470" ID="st4-705" SUBS_TYPE="HypPart1" SUBS_CONTENT="economics"/><HYP CONTENT="-" WIDTH="15" HPOS="1441" VPOS="1470" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="1504" ID="tl4-99" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="ics" WIDTH="30" HPOS="875" VPOS="1504" ID="st4-706" SUBS_TYPE="HypPart2" SUBS_CONTENT="economics"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="917" VPOS="1504" ID="st4-707"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="68" HPOS="974" VPOS="1504" ID="st4-708"/><SP/><String HEIGHT="26" CONTENT="making" WIDTH="82" HPOS="1054" VPOS="1504" ID="st4-709"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="1136" VPOS="1504" ID="st4-710"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="22" HPOS="1162" VPOS="1504" ID="st4-711"/><SP/><String HEIGHT="26" CONTENT="particular" WIDTH="107" HPOS="1196" VPOS="1504" ID="st4-712"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="1303" VPOS="1504" ID="st4-713"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1327" VPOS="1504" ID="st4-714"/><SP/><String HEIGHT="26" CONTENT="insight" WIDTH="79" HPOS="1377" VPOS="1504" ID="st4-715"/></TextLine><TextLine HPOS="875" VPOS="1537" ID="tl4-100" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="875" VPOS="1537" ID="st4-716"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="936" VPOS="1537" ID="st4-717"/><SP/><String HEIGHT="26" CONTENT="contexts" WIDTH="99" HPOS="970" VPOS="1537" ID="st4-718"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1082" VPOS="1537" ID="st4-719"/><SP/><String HEIGHT="26" CONTENT="depression" WIDTH="127" HPOS="1119" VPOS="1537" ID="st4-720"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="1259" VPOS="1537" ID="st4-721"/><SP/><String HEIGHT="26" CONTENT="uncertainty" WIDTH="128" HPOS="1316" VPOS="1537" ID="st4-722"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="1444" VPOS="1537" ID="st4-723"/></TextLine><TextLine HPOS="875" VPOS="1570" ID="tl4-101" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="875" VPOS="1570" ID="st4-724"/><SP/><String HEIGHT="27" CONTENT="expansion" WIDTH="119" HPOS="925" VPOS="1570" ID="st4-725"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1054" VPOS="1570" ID="st4-726"/><SP/><String HEIGHT="27" CONTENT="public" WIDTH="71" HPOS="1090" VPOS="1570" ID="st4-727"/><SP/><String HEIGHT="27" CONTENT="expenditure" WIDTH="141" HPOS="1171" VPOS="1570" ID="st4-728"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="1323" VPOS="1570" ID="st4-729"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="1350" VPOS="1570" ID="st4-730"/><SP/><String HEIGHT="27" CONTENT="key" WIDTH="40" HPOS="1375" VPOS="1570" ID="st4-731"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="1425" VPOS="1570" ID="st4-732" SUBS_TYPE="HypPart1" SUBS_CONTENT="instrument"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="1570" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="1604" ID="tl4-102" WIDTH="589" HEIGHT="26"><String HEIGHT="26" CONTENT="strument" WIDTH="107" HPOS="875" VPOS="1604" ID="st4-733" SUBS_TYPE="HypPart2" SUBS_CONTENT="instrument"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="991" VPOS="1604" ID="st4-734"/><SP/><String HEIGHT="26" CONTENT="fight" WIDTH="55" HPOS="1024" VPOS="1604" ID="st4-735"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1088" VPOS="1604" ID="st4-736"/><SP/><String HEIGHT="26" CONTENT="contractive" WIDTH="129" HPOS="1135" VPOS="1604" ID="st4-737"/><SP/><String HEIGHT="26" CONTENT="effects" WIDTH="79" HPOS="1273" VPOS="1604" ID="st4-738"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1360" VPOS="1604" ID="st4-739"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="60" HPOS="1393" VPOS="1604" ID="st4-740"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1453" VPOS="1604" ID="st4-741"/></TextLine><TextLine HPOS="875" VPOS="1637" ID="tl4-103" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="875" VPOS="1637" ID="st4-742"/><SP/><String HEIGHT="26" CONTENT="revalorization" WIDTH="159" HPOS="932" VPOS="1637" ID="st4-743"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1104" VPOS="1637" ID="st4-744"/><SP/><String HEIGHT="26" CONTENT="Keynesian" WIDTH="119" HPOS="1141" VPOS="1637" ID="st4-745"/><SP/><String HEIGHT="26" CONTENT="economics" WIDTH="125" HPOS="1273" VPOS="1637" ID="st4-746"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1411" VPOS="1637" ID="st4-747"/></TextLine><TextLine HPOS="875" VPOS="1670" ID="tl4-104" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="policy" WIDTH="69" HPOS="875" VPOS="1670" ID="st4-748"/><SP/><String HEIGHT="27" CONTENT="making" WIDTH="82" HPOS="957" VPOS="1670" ID="st4-749"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="1039" VPOS="1670" ID="st4-750"/><SP/><String HEIGHT="27" CONTENT="however" WIDTH="96" HPOS="1067" VPOS="1670" ID="st4-751"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="1163" VPOS="1670" ID="st4-752"/><SP/><String HEIGHT="27" CONTENT="has" WIDTH="40" HPOS="1190" VPOS="1670" ID="st4-753"/><SP/><String HEIGHT="27" CONTENT="so" WIDTH="26" HPOS="1244" VPOS="1670" ID="st4-754"/><SP/><String HEIGHT="27" CONTENT="far" WIDTH="32" HPOS="1284" VPOS="1670" ID="st4-755"/><SP/><String HEIGHT="27" CONTENT="had" WIDTH="45" HPOS="1330" VPOS="1670" ID="st4-756"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="13" HPOS="1389" VPOS="1670" ID="st4-757"/><SP/><String HEIGHT="27" CONTENT="too" WIDTH="40" HPOS="1416" VPOS="1670" ID="st4-758"/></TextLine><TextLine HPOS="875" VPOS="1704" ID="tl4-105" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="narrow" WIDTH="86" HPOS="875" VPOS="1704" ID="st4-759"/><SP/><String HEIGHT="26" CONTENT="focus" WIDTH="64" HPOS="973" VPOS="1704" ID="st4-760"/><SP/><String HEIGHT="26" CONTENT="on" WIDTH="31" HPOS="1049" VPOS="1704" ID="st4-761"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1092" VPOS="1704" ID="st4-762"/><SP/><String HEIGHT="26" CONTENT="problematic" WIDTH="140" HPOS="1144" VPOS="1704" ID="st4-763"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1297" VPOS="1704" ID="st4-764"/><SP/><String HEIGHT="26" CONTENT="developed" WIDTH="122" HPOS="1334" VPOS="1704" ID="st4-765"/></TextLine><TextLine HPOS="875" VPOS="1737" ID="tl4-106" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="countries" WIDTH="104" HPOS="875" VPOS="1737" ID="st4-766"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="979" VPOS="1737" ID="st4-767"/><SP/><String HEIGHT="26" CONTENT="Economists" WIDTH="133" HPOS="1002" VPOS="1737" ID="st4-768"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1146" VPOS="1737" ID="st4-769"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="68" HPOS="1202" VPOS="1737" ID="st4-770"/><SP/><String HEIGHT="26" CONTENT="makers" WIDTH="85" HPOS="1281" VPOS="1737" ID="st4-771"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="1377" VPOS="1737" ID="st4-772"/></TextLine><TextLine HPOS="875" VPOS="1770" ID="tl4-107" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="be" WIDTH="30" HPOS="875" VPOS="1770" ID="st4-773"/><SP/><String HEIGHT="27" CONTENT="aware" WIDTH="73" HPOS="918" VPOS="1770" ID="st4-774"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="1004" VPOS="1770" ID="st4-775"/><SP/><String HEIGHT="27" CONTENT="there" WIDTH="62" HPOS="1065" VPOS="1770" ID="st4-776"/><SP/><String HEIGHT="27" CONTENT="are" WIDTH="37" HPOS="1140" VPOS="1770" ID="st4-777"/><SP/><String HEIGHT="27" CONTENT="also" WIDTH="46" HPOS="1190" VPOS="1770" ID="st4-778"/><SP/><String HEIGHT="27" CONTENT="significant" WIDTH="120" HPOS="1250" VPOS="1770" ID="st4-779"/><SP/><String HEIGHT="27" CONTENT="differ" WIDTH="63" HPOS="1383" VPOS="1770" ID="st4-780" SUBS_TYPE="HypPart1" SUBS_CONTENT="differences"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="1770" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="1804" ID="tl4-108" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="ences" WIDTH="67" HPOS="875" VPOS="1804" ID="st4-781" SUBS_TYPE="HypPart2" SUBS_CONTENT="differences"/><SP/><String HEIGHT="26" CONTENT="between" WIDTH="104" HPOS="951" VPOS="1804" ID="st4-782"/><SP/><String HEIGHT="26" CONTENT="developed" WIDTH="122" HPOS="1064" VPOS="1804" ID="st4-783"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1195" VPOS="1804" ID="st4-784"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="1249" VPOS="1804" ID="st4-785"/><SP/><String HEIGHT="26" CONTENT="coun" WIDTH="55" HPOS="1388" VPOS="1804" ID="st4-786" SUBS_TYPE="HypPart1" SUBS_CONTENT="coun5"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="1804" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1887" ID="tl4-109" WIDTH="581" HEIGHT="23"><String HEIGHT="23" CONTENT="5" WIDTH="14" HPOS="875" VPOS="1887" ID="st4-787" SUBS_TYPE="HypPart2" SUBS_CONTENT="coun5"/><SP/><String HEIGHT="23" CONTENT="For" WIDTH="33" HPOS="907" VPOS="1887" ID="st4-788"/><SP/><String HEIGHT="23" CONTENT="further" WIDTH="73" HPOS="951" VPOS="1887" ID="st4-789"/><SP/><String HEIGHT="23" CONTENT="discussion" WIDTH="107" HPOS="1035" VPOS="1887" ID="st4-790"/><SP/><String HEIGHT="23" CONTENT="see" WIDTH="34" HPOS="1153" VPOS="1887" ID="st4-791"/><SP/><String HEIGHT="23" CONTENT="Frenkel" WIDTH="72" HPOS="1198" VPOS="1887" ID="st4-792"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1270" VPOS="1887" ID="st4-793"/><SP/><String HEIGHT="23" CONTENT="R" WIDTH="10" HPOS="1292" VPOS="1887" ID="st4-794"/><String HEIGHT="23" CONTENT="." WIDTH="11" HPOS="1302" VPOS="1887" ID="st4-795"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="1323" VPOS="1887" ID="st4-796"/><SP/><String HEIGHT="23" CONTENT="Rapetti" WIDTH="71" HPOS="1374" VPOS="1887" ID="st4-797"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1445" VPOS="1887" ID="st4-798"/></TextLine><TextLine HPOS="907" VPOS="1916" ID="tl4-110" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="M" WIDTH="14" HPOS="907" VPOS="1916" ID="st4-799"/><String HEIGHT="23" CONTENT="." WIDTH="15" HPOS="921" VPOS="1916" ID="st4-800"/><SP/><String HEIGHT="23" CONTENT="2009" WIDTH="50" HPOS="945" VPOS="1916" ID="st4-801"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="995" VPOS="1916" ID="st4-802"/><SP/><String HEIGHT="23" CONTENT="Economic" WIDTH="103" HPOS="1017" VPOS="1916" ID="st4-803"/><SP/><String HEIGHT="23" CONTENT="Development" WIDTH="141" HPOS="1129" VPOS="1916" ID="st4-804"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="41" HPOS="1279" VPOS="1916" ID="st4-805"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="34" HPOS="1329" VPOS="1916" ID="st4-806"/><SP/><String HEIGHT="23" CONTENT="Interna" WIDTH="73" HPOS="1373" VPOS="1916" ID="st4-807" SUBS_TYPE="HypPart1" SUBS_CONTENT="International"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="1916" HEIGHT="23"/></TextLine><TextLine HPOS="907" VPOS="1945" ID="tl4-111" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="tional" WIDTH="60" HPOS="907" VPOS="1945" ID="st4-808" SUBS_TYPE="HypPart2" SUBS_CONTENT="International"/><SP/><String HEIGHT="23" CONTENT="Financial" WIDTH="91" HPOS="978" VPOS="1945" ID="st4-809"/><SP/><String HEIGHT="23" CONTENT="System" WIDTH="69" HPOS="1081" VPOS="1945" ID="st4-810"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="1150" VPOS="1945" ID="st4-811"/><SP/><String HEIGHT="23" CONTENT="in" WIDTH="20" HPOS="1173" VPOS="1945" ID="st4-812"/><SP/><String HEIGHT="23" CONTENT="Ocampo" WIDTH="83" HPOS="1204" VPOS="1945" ID="st4-813"/><String HEIGHT="23" CONTENT="," WIDTH="14" HPOS="1287" VPOS="1945" ID="st4-814"/><SP/><String HEIGHT="23" CONTENT="J" WIDTH="7" HPOS="1312" VPOS="1945" ID="st4-815"/><String HEIGHT="23" CONTENT="." WIDTH="8" HPOS="1319" VPOS="1945" ID="st4-816"/><SP/><String HEIGHT="23" CONTENT="A" WIDTH="12" HPOS="1338" VPOS="1945" ID="st4-817"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="1350" VPOS="1945" ID="st4-818"/><String HEIGHT="23" CONTENT="(" WIDTH="9" HPOS="1373" VPOS="1945" ID="st4-819"/><String HEIGHT="23" CONTENT="ed" WIDTH="19" HPOS="1382" VPOS="1945" ID="st4-820"/><String HEIGHT="23" CONTENT=")" WIDTH="9" HPOS="1401" VPOS="1945" ID="st4-821"/><String HEIGHT="23" CONTENT="," WIDTH="10" HPOS="1410" VPOS="1945" ID="st4-822"/><SP/><String HEIGHT="23" CONTENT="Fi" WIDTH="17" HPOS="1431" VPOS="1945" ID="st4-823" SUBS_TYPE="HypPart1" SUBS_CONTENT="Financial"/><HYP CONTENT="-" WIDTH="8" HPOS="1448" VPOS="1945" HEIGHT="23"/></TextLine><TextLine HPOS="907" VPOS="1974" ID="tl4-112" WIDTH="556" HEIGHT="23"><String HEIGHT="23" CONTENT="nancial" WIDTH="75" HPOS="907" VPOS="1974" ID="st4-824" SUBS_TYPE="HypPart2" SUBS_CONTENT="Financial"/><SP/><String HEIGHT="23" CONTENT="Markets" WIDTH="85" HPOS="990" VPOS="1974" ID="st4-825"/><SP/><String HEIGHT="23" CONTENT="Regulation" WIDTH="110" HPOS="1083" VPOS="1974" ID="st4-826"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1193" VPOS="1974" ID="st4-827"/><SP/><String HEIGHT="23" CONTENT="Oxford" WIDTH="73" HPOS="1212" VPOS="1974" ID="st4-828"/><SP/><String HEIGHT="23" CONTENT="University" WIDTH="102" HPOS="1293" VPOS="1974" ID="st4-829"/><SP/><String HEIGHT="23" CONTENT="Press" WIDTH="50" HPOS="1403" VPOS="1974" ID="st4-830"/><String HEIGHT="23" CONTENT="," WIDTH="10" HPOS="1453" VPOS="1974" ID="st4-831"/></TextLine><TextLine HPOS="907" VPOS="2003" ID="tl4-113" WIDTH="160" HEIGHT="23"><String HEIGHT="23" CONTENT="forthcoming" WIDTH="127" HPOS="907" VPOS="2003" ID="st4-832"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="1034" VPOS="2003" ID="st4-833"/><String HEIGHT="23" CONTENT="." WIDTH="7" HPOS="1060" VPOS="2003" ID="st4-834"/></TextLine><TextLine HPOS="875" VPOS="2032" ID="tl4-114" WIDTH="581" HEIGHT="23"><String HEIGHT="23" CONTENT="6" WIDTH="14" HPOS="875" VPOS="2032" ID="st4-835"/><SP/><String HEIGHT="23" CONTENT="See" WIDTH="37" HPOS="907" VPOS="2032" ID="st4-836"/><SP/><String HEIGHT="23" CONTENT="Woodford" WIDTH="104" HPOS="952" VPOS="2032" ID="st4-837"/><String HEIGHT="23" CONTENT="," WIDTH="13" HPOS="1056" VPOS="2032" ID="st4-838"/><SP/><String HEIGHT="23" CONTENT="M" WIDTH="14" HPOS="1077" VPOS="2032" ID="st4-839"/><String HEIGHT="23" CONTENT="." WIDTH="15" HPOS="1091" VPOS="2032" ID="st4-840"/><SP/><String HEIGHT="23" CONTENT="2003" WIDTH="50" HPOS="1114" VPOS="2032" ID="st4-841"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="1164" VPOS="2032" ID="st4-842"/><SP/><String HEIGHT="23" CONTENT="Interest" WIDTH="79" HPOS="1185" VPOS="2032" ID="st4-843"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="1272" VPOS="2032" ID="st4-844"/><SP/><String HEIGHT="23" CONTENT="Prices" WIDTH="57" HPOS="1320" VPOS="2032" ID="st4-845"/><String HEIGHT="23" CONTENT=":" WIDTH="10" HPOS="1377" VPOS="2032" ID="st4-846"/><SP/><String HEIGHT="23" CONTENT="Foun" WIDTH="49" HPOS="1395" VPOS="2032" ID="st4-847" SUBS_TYPE="HypPart1" SUBS_CONTENT="Foundations"/><HYP CONTENT="-" WIDTH="12" HPOS="1444" VPOS="2032" HEIGHT="23"/></TextLine><TextLine HPOS="907" VPOS="2061" ID="tl4-115" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="dations" WIDTH="78" HPOS="907" VPOS="2061" ID="st4-848" SUBS_TYPE="HypPart2" SUBS_CONTENT="Foundations"/><SP/><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="995" VPOS="2061" ID="st4-849"/><SP/><String HEIGHT="24" CONTENT="a" WIDTH="12" HPOS="1028" VPOS="2061" ID="st4-850"/><SP/><String HEIGHT="24" CONTENT="Theory" WIDTH="72" HPOS="1051" VPOS="2061" ID="st4-851"/><SP/><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="1133" VPOS="2061" ID="st4-852"/><SP/><String HEIGHT="24" CONTENT="Monetary" WIDTH="102" HPOS="1166" VPOS="2061" ID="st4-853"/><SP/><String HEIGHT="24" CONTENT="Policy" WIDTH="57" HPOS="1279" VPOS="2061" ID="st4-854"/><String HEIGHT="24" CONTENT="," WIDTH="10" HPOS="1336" VPOS="2061" ID="st4-855"/><SP/><String HEIGHT="24" CONTENT="Princeton" WIDTH="100" HPOS="1356" VPOS="2061" ID="st4-856"/></TextLine><TextLine HPOS="907" VPOS="2090" ID="tl4-116" WIDTH="515" HEIGHT="24"><String HEIGHT="24" CONTENT="University" WIDTH="103" HPOS="907" VPOS="2090" ID="st4-857"/><SP/><String HEIGHT="24" CONTENT="Press" WIDTH="49" HPOS="1017" VPOS="2090" ID="st4-858"/><String HEIGHT="24" CONTENT="." WIDTH="10" HPOS="1066" VPOS="2090" ID="st4-859"/><SP/><String HEIGHT="24" CONTENT="for" WIDTH="30" HPOS="1084" VPOS="2090" ID="st4-860"/><SP/><String HEIGHT="24" CONTENT="a" WIDTH="13" HPOS="1121" VPOS="2090" ID="st4-861"/><SP/><String HEIGHT="24" CONTENT="comprehensive" WIDTH="159" HPOS="1141" VPOS="2090" ID="st4-862"/><SP/><String HEIGHT="24" CONTENT="exposition" WIDTH="104" HPOS="1307" VPOS="2090" ID="st4-863"/><String HEIGHT="24" CONTENT="." WIDTH="11" HPOS="1411" VPOS="2090" ID="st4-864"/></TextLine></TextBlock></PrintSpace></Page><Page WIDTH="1652" PHYSICAL_IMG_NR="5" ID="p671707" HEIGHT="2338"><PrintSpace WIDTH="1652" HPOS="0" VPOS="0" ID="ps671707" HEIGHT="2338"><TextBlock WIDTH="1652" HPOS="0" VPOS="0" ID="tb671707" HEIGHT="2338"><TextLine HPOS="197" VPOS="103" ID="tl5-0" WIDTH="1224" HEIGHT="21"><String HEIGHT="21" CONTENT="Reflections" WIDTH="96" HPOS="197" VPOS="103" ID="st5-0"/><SP/><String HEIGHT="21" CONTENT="on" WIDTH="24" HPOS="299" VPOS="103" ID="st5-1"/><SP/><String HEIGHT="21" CONTENT="the" WIDTH="30" HPOS="328" VPOS="103" ID="st5-2"/><SP/><String HEIGHT="21" CONTENT="Current" WIDTH="70" HPOS="362" VPOS="103" ID="st5-3"/><SP/><String HEIGHT="21" CONTENT="Global" WIDTH="59" HPOS="437" VPOS="103" ID="st5-4"/><SP/><String HEIGHT="21" CONTENT="Crisis" WIDTH="47" HPOS="501" VPOS="103" ID="st5-5"/><SP/><String HEIGHT="21" CONTENT="FES" WIDTH="32" HPOS="670" VPOS="103" ID="st5-6"/><SP/><String HEIGHT="21" CONTENT="Briefing" WIDTH="72" HPOS="709" VPOS="103" ID="st5-7"/><SP/><String HEIGHT="21" CONTENT="Paper" WIDTH="53" HPOS="788" VPOS="103" ID="st5-8"/><SP/><String HEIGHT="21" CONTENT="6" WIDTH="12" HPOS="847" VPOS="103" ID="st5-9"/><String HEIGHT="21" CONTENT="|" WIDTH="5" HPOS="865" VPOS="103" ID="st5-10"/><SP/><String HEIGHT="21" CONTENT="May" WIDTH="41" HPOS="876" VPOS="103" ID="st5-11"/><SP/><String HEIGHT="21" CONTENT="2009" WIDTH="50" HPOS="923" VPOS="103" ID="st5-12"/><SP/><String HEIGHT="21" CONTENT="Page" WIDTH="45" HPOS="1376" VPOS="103" ID="st5-13"/></TextLine><TextLine HPOS="1439" VPOS="104" ID="tl5-1" WIDTH="12" HEIGHT="21"><String HEIGHT="21" CONTENT="5" WIDTH="12" HPOS="1439" VPOS="104" ID="st5-14"/></TextLine><TextLine HPOS="197" VPOS="204" ID="tl5-2" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="tries" WIDTH="49" HPOS="197" VPOS="204" ID="st5-15"/><SP/><String HEIGHT="26" CONTENT="regarding" WIDTH="115" HPOS="255" VPOS="204" ID="st5-16"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="379" VPOS="204" ID="st5-17"/><SP/><String HEIGHT="26" CONTENT="use" WIDTH="40" HPOS="427" VPOS="204" ID="st5-18"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="477" VPOS="204" ID="st5-19"/><SP/><String HEIGHT="26" CONTENT="macroeconomic" WIDTH="189" HPOS="511" VPOS="204" ID="st5-20"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="68" HPOS="709" VPOS="204" ID="st5-21"/></TextLine><TextLine HPOS="197" VPOS="237" ID="tl5-3" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="197" VPOS="237" ID="st5-22"/><SP/><String HEIGHT="26" CONTENT="counteract" WIDTH="127" HPOS="231" VPOS="237" ID="st5-23"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="367" VPOS="237" ID="st5-24"/><SP/><String HEIGHT="26" CONTENT="contractive" WIDTH="129" HPOS="416" VPOS="237" ID="st5-25"/><SP/><String HEIGHT="26" CONTENT="effects" WIDTH="79" HPOS="555" VPOS="237" ID="st5-26"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="644" VPOS="237" ID="st5-27"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="678" VPOS="237" ID="st5-28"/></TextLine><TextLine HPOS="197" VPOS="270" ID="tl5-4" WIDTH="71" HEIGHT="27"><String HEIGHT="27" CONTENT="crises" WIDTH="60" HPOS="197" VPOS="270" ID="st5-29"/><String HEIGHT="27" CONTENT="." WIDTH="11" HPOS="257" VPOS="270" ID="st5-30"/></TextLine><TextLine HPOS="197" VPOS="336" ID="tl5-5" WIDTH="439" HEIGHT="27"><String HEIGHT="27" CONTENT="Leeway" WIDTH="100" HPOS="197" VPOS="336" ID="st5-31"/><SP/><String HEIGHT="27" CONTENT="for" WIDTH="38" HPOS="305" VPOS="336" ID="st5-32"/><SP/><String HEIGHT="27" CONTENT="counter" WIDTH="87" HPOS="351" VPOS="336" ID="st5-33"/><String HEIGHT="27" CONTENT="-" WIDTH="13" HPOS="438" VPOS="336" ID="st5-34"/><String HEIGHT="27" CONTENT="cyclical" WIDTH="100" HPOS="451" VPOS="336" ID="st5-35"/><SP/><String HEIGHT="27" CONTENT="policy" WIDTH="77" HPOS="559" VPOS="336" ID="st5-36"/></TextLine><TextLine HPOS="197" VPOS="369" ID="tl5-6" WIDTH="427" HEIGHT="26"><String HEIGHT="26" CONTENT="in" WIDTH="24" HPOS="197" VPOS="369" ID="st5-37"/><SP/><String HEIGHT="26" CONTENT="highly" WIDTH="82" HPOS="229" VPOS="369" ID="st5-38"/><SP/><String HEIGHT="26" CONTENT="industrialized" WIDTH="178" HPOS="318" VPOS="369" ID="st5-39"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="120" HPOS="504" VPOS="369" ID="st5-40"/></TextLine><TextLine HPOS="197" VPOS="420" ID="tl5-7" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="Financial" WIDTH="101" HPOS="197" VPOS="420" ID="st5-41"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="64" HPOS="308" VPOS="420" ID="st5-42"/><SP/><String HEIGHT="26" CONTENT="imply" WIDTH="63" HPOS="382" VPOS="420" ID="st5-43"/><SP/><String HEIGHT="26" CONTENT="wealth" WIDTH="80" HPOS="455" VPOS="420" ID="st5-44"/><SP/><String HEIGHT="26" CONTENT="losses" WIDTH="68" HPOS="545" VPOS="420" ID="st5-45"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="623" VPOS="420" ID="st5-46"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="678" VPOS="420" ID="st5-47"/></TextLine><TextLine HPOS="197" VPOS="453" ID="tl5-8" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="disintermediation" WIDTH="201" HPOS="197" VPOS="453" ID="st5-48"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="398" VPOS="453" ID="st5-49"/><SP/><String HEIGHT="26" CONTENT="Both" WIDTH="56" HPOS="417" VPOS="453" ID="st5-50"/><SP/><String HEIGHT="26" CONTENT="factors" WIDTH="81" HPOS="480" VPOS="453" ID="st5-51"/><SP/><String HEIGHT="26" CONTENT="lead" WIDTH="49" HPOS="569" VPOS="453" ID="st5-52"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="626" VPOS="453" ID="st5-53"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="658" VPOS="453" ID="st5-54"/><SP/><String HEIGHT="26" CONTENT="contrac" WIDTH="85" HPOS="680" VPOS="453" ID="st5-55" SUBS_TYPE="HypPart1" SUBS_CONTENT="contraction"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="453" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="486" ID="tl5-9" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="tion" WIDTH="46" HPOS="197" VPOS="486" ID="st5-56" SUBS_TYPE="HypPart2" SUBS_CONTENT="contraction"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="253" VPOS="486" ID="st5-57"/><SP/><String HEIGHT="27" CONTENT="consumption" WIDTH="154" HPOS="285" VPOS="486" ID="st5-58"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="450" VPOS="486" ID="st5-59"/><SP/><String HEIGHT="27" CONTENT="investment" WIDTH="130" HPOS="505" VPOS="486" ID="st5-60"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="645" VPOS="486" ID="st5-61"/><SP/><String HEIGHT="27" CONTENT="conse" WIDTH="65" HPOS="700" VPOS="486" ID="st5-62" SUBS_TYPE="HypPart1" SUBS_CONTENT="consequently"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="486" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="520" ID="tl5-10" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="quently" WIDTH="88" HPOS="197" VPOS="520" ID="st5-63" SUBS_TYPE="HypPart2" SUBS_CONTENT="consequently"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="296" VPOS="520" ID="st5-64"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="333" VPOS="520" ID="st5-65"/><SP/><String HEIGHT="26" CONTENT="fall" WIDTH="36" HPOS="358" VPOS="520" ID="st5-66"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="406" VPOS="520" ID="st5-67"/><SP/><String HEIGHT="26" CONTENT="output" WIDTH="80" HPOS="439" VPOS="520" ID="st5-68"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="531" VPOS="520" ID="st5-69"/><SP/><String HEIGHT="26" CONTENT="employment" WIDTH="141" HPOS="588" VPOS="520" ID="st5-70"/><String HEIGHT="26" CONTENT="." WIDTH="15" HPOS="729" VPOS="520" ID="st5-71"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="22" HPOS="755" VPOS="520" ID="st5-72"/></TextLine><TextLine HPOS="197" VPOS="553" ID="tl5-11" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="developed" WIDTH="122" HPOS="197" VPOS="553" ID="st5-73"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="104" HPOS="331" VPOS="553" ID="st5-74"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="435" VPOS="553" ID="st5-75"/><SP/><String HEIGHT="26" CONTENT="agents" WIDTH="79" HPOS="459" VPOS="553" ID="st5-76"/><SP/><String HEIGHT="26" CONTENT="take" WIDTH="51" HPOS="550" VPOS="553" ID="st5-77"/><SP/><String HEIGHT="26" CONTENT="their" WIDTH="54" HPOS="614" VPOS="553" ID="st5-78"/><SP/><String HEIGHT="26" CONTENT="deposits" WIDTH="97" HPOS="680" VPOS="553" ID="st5-79"/></TextLine><TextLine HPOS="197" VPOS="586" ID="tl5-12" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="out" WIDTH="40" HPOS="197" VPOS="586" ID="st5-80"/><SP/><String HEIGHT="27" CONTENT="from" WIDTH="58" HPOS="247" VPOS="586" ID="st5-81"/><SP/><String HEIGHT="27" CONTENT="risky" WIDTH="52" HPOS="315" VPOS="586" ID="st5-82"/><SP/><String HEIGHT="27" CONTENT="banks" WIDTH="70" HPOS="378" VPOS="586" ID="st5-83"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="458" VPOS="586" ID="st5-84"/><SP/><String HEIGHT="27" CONTENT="switch" WIDTH="76" HPOS="513" VPOS="586" ID="st5-85"/><SP/><String HEIGHT="27" CONTENT="their" WIDTH="54" HPOS="600" VPOS="586" ID="st5-86"/><SP/><String HEIGHT="27" CONTENT="portfolios" WIDTH="113" HPOS="664" VPOS="586" ID="st5-87"/></TextLine><TextLine HPOS="197" VPOS="620" ID="tl5-13" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="197" VPOS="620" ID="st5-88"/><SP/><String HEIGHT="26" CONTENT="favor" WIDTH="60" HPOS="227" VPOS="620" ID="st5-89"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="296" VPOS="620" ID="st5-90"/><SP/><String HEIGHT="26" CONTENT="money" WIDTH="81" HPOS="330" VPOS="620" ID="st5-91"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="420" VPOS="620" ID="st5-92"/><SP/><String HEIGHT="26" CONTENT="safe" WIDTH="48" HPOS="473" VPOS="620" ID="st5-93"/><SP/><String HEIGHT="26" CONTENT="assets" WIDTH="70" HPOS="530" VPOS="620" ID="st5-94"/><SP/><String HEIGHT="26" CONTENT="such" WIDTH="54" HPOS="609" VPOS="620" ID="st5-95"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="25" HPOS="672" VPOS="620" ID="st5-96"/><SP/><String HEIGHT="26" CONTENT="public" WIDTH="71" HPOS="706" VPOS="620" ID="st5-97"/></TextLine><TextLine HPOS="197" VPOS="653" ID="tl5-14" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="bonds" WIDTH="66" HPOS="197" VPOS="653" ID="st5-98"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="263" VPOS="653" ID="st5-99"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="290" VPOS="653" ID="st5-100"/><SP/><String HEIGHT="26" CONTENT="increase" WIDTH="96" HPOS="346" VPOS="653" ID="st5-101"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="454" VPOS="653" ID="st5-102"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="489" VPOS="653" ID="st5-103"/><SP/><String HEIGHT="26" CONTENT="demand" WIDTH="98" HPOS="540" VPOS="653" ID="st5-104"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="650" VPOS="653" ID="st5-105"/><SP/><String HEIGHT="26" CONTENT="money" WIDTH="80" HPOS="697" VPOS="653" ID="st5-106"/></TextLine><TextLine HPOS="197" VPOS="686" ID="tl5-15" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="and" WIDTH="44" HPOS="197" VPOS="686" ID="st5-107"/><SP/><String HEIGHT="27" CONTENT="public" WIDTH="71" HPOS="255" VPOS="686" ID="st5-108"/><SP/><String HEIGHT="27" CONTENT="bonds" WIDTH="73" HPOS="339" VPOS="686" ID="st5-109"/><SP/><String HEIGHT="27" CONTENT="implies" WIDTH="82" HPOS="425" VPOS="686" ID="st5-110"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="520" VPOS="686" ID="st5-111"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="582" VPOS="686" ID="st5-112"/><SP/><String HEIGHT="27" CONTENT="government" WIDTH="144" HPOS="633" VPOS="686" ID="st5-113"/></TextLine><TextLine HPOS="197" VPOS="720" ID="tl5-16" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="faces" WIDTH="60" HPOS="197" VPOS="720" ID="st5-114"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="265" VPOS="720" ID="st5-115"/><SP/><String HEIGHT="26" CONTENT="greater" WIDTH="86" HPOS="287" VPOS="720" ID="st5-116"/><SP/><String HEIGHT="26" CONTENT="supply" WIDTH="76" HPOS="381" VPOS="720" ID="st5-117"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="465" VPOS="720" ID="st5-118"/><SP/><String HEIGHT="26" CONTENT="finance" WIDTH="87" HPOS="498" VPOS="720" ID="st5-119"/><SP/><String HEIGHT="26" CONTENT="at" WIDTH="23" HPOS="593" VPOS="720" ID="st5-120"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="625" VPOS="720" ID="st5-121"/><SP/><String HEIGHT="26" CONTENT="lower" WIDTH="66" HPOS="647" VPOS="720" ID="st5-122"/><SP/><String HEIGHT="26" CONTENT="cost" WIDTH="44" HPOS="722" VPOS="720" ID="st5-123"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="766" VPOS="720" ID="st5-124"/></TextLine><TextLine HPOS="197" VPOS="753" ID="tl5-17" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="197" VPOS="753" ID="st5-125"/><SP/><String HEIGHT="26" CONTENT="such" WIDTH="55" HPOS="228" VPOS="753" ID="st5-126"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="293" VPOS="753" ID="st5-127"/><SP/><String HEIGHT="26" CONTENT="context" WIDTH="84" HPOS="317" VPOS="753" ID="st5-128"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="401" VPOS="753" ID="st5-129"/><SP/><String HEIGHT="26" CONTENT="expansive" WIDTH="114" HPOS="423" VPOS="753" ID="st5-130"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="547" VPOS="753" ID="st5-131"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="68" HPOS="616" VPOS="753" ID="st5-132"/><SP/><String HEIGHT="26" CONTENT="can" WIDTH="42" HPOS="694" VPOS="753" ID="st5-133"/><SP/><String HEIGHT="26" CONTENT="try" WIDTH="31" HPOS="746" VPOS="753" ID="st5-134"/></TextLine><TextLine HPOS="197" VPOS="786" ID="tl5-18" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="to" WIDTH="24" HPOS="197" VPOS="786" ID="st5-135"/><SP/><String HEIGHT="27" CONTENT="compensate" WIDTH="144" HPOS="231" VPOS="786" ID="st5-136"/><SP/><String HEIGHT="27" CONTENT="for" WIDTH="34" HPOS="384" VPOS="786" ID="st5-137"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="428" VPOS="786" ID="st5-138"/><SP/><String HEIGHT="27" CONTENT="contraction" WIDTH="135" HPOS="476" VPOS="786" ID="st5-139"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="621" VPOS="786" ID="st5-140"/><SP/><String HEIGHT="27" CONTENT="private" WIDTH="80" HPOS="652" VPOS="786" ID="st5-141"/><SP/><String HEIGHT="27" CONTENT="ex" WIDTH="24" HPOS="742" VPOS="786" ID="st5-142" SUBS_TYPE="HypPart1" SUBS_CONTENT="expenditure"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="786" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="820" ID="tl5-19" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="penditure" WIDTH="114" HPOS="197" VPOS="820" ID="st5-143" SUBS_TYPE="HypPart2" SUBS_CONTENT="expenditure"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="320" VPOS="820" ID="st5-144"/><SP/><String HEIGHT="26" CONTENT="thus" WIDTH="51" HPOS="373" VPOS="820" ID="st5-145"/><SP/><String HEIGHT="26" CONTENT="revert" WIDTH="68" HPOS="433" VPOS="820" ID="st5-146"/><SP/><String HEIGHT="26" CONTENT="or" WIDTH="24" HPOS="510" VPOS="820" ID="st5-147"/><SP/><String HEIGHT="26" CONTENT="ameliorate" WIDTH="125" HPOS="543" VPOS="820" ID="st5-148"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="677" VPOS="820" ID="st5-149"/><SP/><String HEIGHT="26" CONTENT="con" WIDTH="39" HPOS="725" VPOS="820" ID="st5-150" SUBS_TYPE="HypPart1" SUBS_CONTENT="contractive"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="820" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="853" ID="tl5-20" WIDTH="451" HEIGHT="26"><String HEIGHT="26" CONTENT="tractive" WIDTH="86" HPOS="197" VPOS="853" ID="st5-151" SUBS_TYPE="HypPart2" SUBS_CONTENT="contractive"/><SP/><String HEIGHT="26" CONTENT="trend" WIDTH="63" HPOS="291" VPOS="853" ID="st5-152"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="361" VPOS="853" ID="st5-153"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="391" VPOS="853" ID="st5-154"/><SP/><String HEIGHT="26" CONTENT="economic" WIDTH="114" HPOS="437" VPOS="853" ID="st5-155"/><SP/><String HEIGHT="26" CONTENT="activity" WIDTH="79" HPOS="559" VPOS="853" ID="st5-156"/><String HEIGHT="26" CONTENT="." WIDTH="10" HPOS="638" VPOS="853" ID="st5-157"/></TextLine><TextLine HPOS="197" VPOS="903" ID="tl5-21" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="197" VPOS="903" ID="st5-158"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="228" VPOS="903" ID="st5-159"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="85" HPOS="276" VPOS="903" ID="st5-160"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="370" VPOS="903" ID="st5-161"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="435" VPOS="903" ID="st5-162"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="466" VPOS="903" ID="st5-163"/><SP/><String HEIGHT="26" CONTENT="US" WIDTH="26" HPOS="514" VPOS="903" ID="st5-164"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="540" VPOS="903" ID="st5-165"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="564" VPOS="903" ID="st5-166"/><SP/><String HEIGHT="26" CONTENT="flight" WIDTH="62" HPOS="612" VPOS="903" ID="st5-167"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="683" VPOS="903" ID="st5-168"/><SP/><String HEIGHT="26" CONTENT="qual" WIDTH="48" HPOS="717" VPOS="903" ID="st5-169" SUBS_TYPE="HypPart1" SUBS_CONTENT="quality"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="903" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="936" ID="tl5-22" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="ity" WIDTH="27" HPOS="197" VPOS="936" ID="st5-170" SUBS_TYPE="HypPart2" SUBS_CONTENT="quality"/><SP/><String HEIGHT="27" CONTENT="has" WIDTH="40" HPOS="238" VPOS="936" ID="st5-171"/><SP/><String HEIGHT="27" CONTENT="implied" WIDTH="87" HPOS="292" VPOS="936" ID="st5-172"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="13" HPOS="393" VPOS="936" ID="st5-173"/><SP/><String HEIGHT="27" CONTENT="greater" WIDTH="85" HPOS="420" VPOS="936" ID="st5-174"/><SP/><String HEIGHT="27" CONTENT="demand" WIDTH="98" HPOS="519" VPOS="936" ID="st5-175"/><SP/><String HEIGHT="27" CONTENT="for" WIDTH="35" HPOS="630" VPOS="936" ID="st5-176"/><SP/><String HEIGHT="27" CONTENT="Treasury" WIDTH="99" HPOS="678" VPOS="936" ID="st5-177"/></TextLine><TextLine HPOS="197" VPOS="970" ID="tl5-23" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="bonds" WIDTH="66" HPOS="197" VPOS="970" ID="st5-178"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="263" VPOS="970" ID="st5-179"/><SP/><String HEIGHT="26" CONTENT="whose" WIDTH="77" HPOS="285" VPOS="970" ID="st5-180"/><SP/><String HEIGHT="26" CONTENT="interest" WIDTH="88" HPOS="370" VPOS="970" ID="st5-181"/><SP/><String HEIGHT="26" CONTENT="rates" WIDTH="58" HPOS="466" VPOS="970" ID="st5-182"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="532" VPOS="970" ID="st5-183"/><SP/><String HEIGHT="26" CONTENT="fallen" WIDTH="65" HPOS="595" VPOS="970" ID="st5-184"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="668" VPOS="970" ID="st5-185"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="701" VPOS="970" ID="st5-186"/><SP/><String HEIGHT="26" CONTENT="min" WIDTH="41" HPOS="723" VPOS="970" ID="st5-187" SUBS_TYPE="HypPart1" SUBS_CONTENT="minimum"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="970" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1003" ID="tl5-24" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="imum" WIDTH="60" HPOS="197" VPOS="1003" ID="st5-188" SUBS_TYPE="HypPart2" SUBS_CONTENT="minimum"/><String HEIGHT="26" CONTENT="." WIDTH="15" HPOS="257" VPOS="1003" ID="st5-189"/><SP/><String HEIGHT="26" CONTENT="Given" WIDTH="68" HPOS="281" VPOS="1003" ID="st5-190"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="359" VPOS="1003" ID="st5-191"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="416" VPOS="1003" ID="st5-192"/><SP/><String HEIGHT="26" CONTENT="government" WIDTH="144" HPOS="463" VPOS="1003" ID="st5-193"/><SP/><String HEIGHT="26" CONTENT="issues" WIDTH="68" HPOS="616" VPOS="1003" ID="st5-194"/><SP/><String HEIGHT="26" CONTENT="debt" WIDTH="55" HPOS="692" VPOS="1003" ID="st5-195"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="756" VPOS="1003" ID="st5-196"/></TextLine><TextLine HPOS="197" VPOS="1036" ID="tl5-25" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="its" WIDTH="26" HPOS="197" VPOS="1036" ID="st5-197"/><SP/><String HEIGHT="27" CONTENT="own" WIDTH="52" HPOS="237" VPOS="1036" ID="st5-198"/><SP/><String HEIGHT="27" CONTENT="currency" WIDTH="96" HPOS="303" VPOS="1036" ID="st5-199"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="399" VPOS="1036" ID="st5-200"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="425" VPOS="1036" ID="st5-201"/><SP/><String HEIGHT="27" CONTENT="probability" WIDTH="125" HPOS="478" VPOS="1036" ID="st5-202"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="617" VPOS="1036" ID="st5-203"/><SP/><String HEIGHT="27" CONTENT="default" WIDTH="84" HPOS="655" VPOS="1036" ID="st5-204"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="752" VPOS="1036" ID="st5-205"/></TextLine><TextLine HPOS="197" VPOS="1070" ID="tl5-26" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="these" WIDTH="63" HPOS="197" VPOS="1070" ID="st5-206"/><SP/><String HEIGHT="26" CONTENT="assets" WIDTH="70" HPOS="276" VPOS="1070" ID="st5-207"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="362" VPOS="1070" ID="st5-208"/><SP/><String HEIGHT="26" CONTENT="very" WIDTH="48" HPOS="395" VPOS="1070" ID="st5-209"/><SP/><String HEIGHT="26" CONTENT="low" WIDTH="38" HPOS="459" VPOS="1070" ID="st5-210"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="497" VPOS="1070" ID="st5-211"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="526" VPOS="1070" ID="st5-212"/><SP/><String HEIGHT="26" CONTENT="value" WIDTH="61" HPOS="586" VPOS="1070" ID="st5-213"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="664" VPOS="1070" ID="st5-214"/><SP/><String HEIGHT="26" CONTENT="bonds" WIDTH="72" HPOS="705" VPOS="1070" ID="st5-215"/></TextLine><TextLine HPOS="197" VPOS="1103" ID="tl5-27" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="could" WIDTH="64" HPOS="197" VPOS="1103" ID="st5-216"/><SP/><String HEIGHT="26" CONTENT="depreciate" WIDTH="123" HPOS="272" VPOS="1103" ID="st5-217"/><SP/><String HEIGHT="26" CONTENT="rapidly" WIDTH="79" HPOS="406" VPOS="1103" ID="st5-218"/><SP/><String HEIGHT="26" CONTENT="if" WIDTH="15" HPOS="495" VPOS="1103" ID="st5-219"/><SP/><String HEIGHT="26" CONTENT="public" WIDTH="71" HPOS="521" VPOS="1103" ID="st5-220"/><SP/><String HEIGHT="26" CONTENT="debt" WIDTH="54" HPOS="602" VPOS="1103" ID="st5-221"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="666" VPOS="1103" ID="st5-222"/><SP/><String HEIGHT="26" CONTENT="follow" WIDTH="72" HPOS="694" VPOS="1103" ID="st5-223" SUBS_TYPE="HypPart1" SUBS_CONTENT="following"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="1103" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1136" ID="tl5-28" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="ing" WIDTH="37" HPOS="197" VPOS="1136" ID="st5-224" SUBS_TYPE="HypPart2" SUBS_CONTENT="following"/><SP/><String HEIGHT="27" CONTENT="an" WIDTH="29" HPOS="243" VPOS="1136" ID="st5-225"/><SP/><String HEIGHT="27" CONTENT="unsustainable" WIDTH="162" HPOS="281" VPOS="1136" ID="st5-226"/><SP/><String HEIGHT="27" CONTENT="path" WIDTH="54" HPOS="452" VPOS="1136" ID="st5-227"/><SP/><String HEIGHT="27" CONTENT="or" WIDTH="25" HPOS="515" VPOS="1136" ID="st5-228"/><SP/><String HEIGHT="27" CONTENT="excessive" WIDTH="107" HPOS="558" VPOS="1136" ID="st5-229"/><SP/><String HEIGHT="27" CONTENT="fiscal" WIDTH="59" HPOS="674" VPOS="1136" ID="st5-230"/><SP/><String HEIGHT="27" CONTENT="ex" WIDTH="24" HPOS="742" VPOS="1136" ID="st5-231" SUBS_TYPE="HypPart1" SUBS_CONTENT="expansion"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="1136" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1170" ID="tl5-29" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="pansion" WIDTH="92" HPOS="197" VPOS="1170" ID="st5-232" SUBS_TYPE="HypPart2" SUBS_CONTENT="expansion"/><SP/><String HEIGHT="26" CONTENT="ends" WIDTH="56" HPOS="297" VPOS="1170" ID="st5-233"/><SP/><String HEIGHT="26" CONTENT="up" WIDTH="31" HPOS="361" VPOS="1170" ID="st5-234"/><SP/><String HEIGHT="26" CONTENT="accelerating" WIDTH="142" HPOS="401" VPOS="1170" ID="st5-235"/><SP/><String HEIGHT="26" CONTENT="inflation" WIDTH="94" HPOS="551" VPOS="1170" ID="st5-236"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="645" VPOS="1170" ID="st5-237"/><SP/><String HEIGHT="26" CONTENT="However" WIDTH="98" HPOS="665" VPOS="1170" ID="st5-238"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="763" VPOS="1170" ID="st5-239"/></TextLine><TextLine HPOS="197" VPOS="1203" ID="tl5-30" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="so" WIDTH="26" HPOS="197" VPOS="1203" ID="st5-240"/><SP/><String HEIGHT="26" CONTENT="far" WIDTH="30" HPOS="235" VPOS="1203" ID="st5-241"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="265" VPOS="1203" ID="st5-242"/><SP/><String HEIGHT="26" CONTENT="none" WIDTH="60" HPOS="288" VPOS="1203" ID="st5-243"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="361" VPOS="1203" ID="st5-244"/><SP/><String HEIGHT="26" CONTENT="these" WIDTH="63" HPOS="398" VPOS="1203" ID="st5-245"/><SP/><String HEIGHT="26" CONTENT="concerns" WIDTH="105" HPOS="474" VPOS="1203" ID="st5-246"/><SP/><String HEIGHT="26" CONTENT="seem" WIDTH="62" HPOS="591" VPOS="1203" ID="st5-247"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="666" VPOS="1203" ID="st5-248"/><SP/><String HEIGHT="26" CONTENT="be" WIDTH="29" HPOS="703" VPOS="1203" ID="st5-249"/><SP/><String HEIGHT="26" CONTENT="af" WIDTH="22" HPOS="745" VPOS="1203" ID="st5-250" SUBS_TYPE="HypPart1" SUBS_CONTENT="affecting"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1203" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1236" ID="tl5-31" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="fecting" WIDTH="81" HPOS="197" VPOS="1236" ID="st5-251" SUBS_TYPE="HypPart2" SUBS_CONTENT="affecting"/><SP/><String HEIGHT="27" CONTENT="people" WIDTH="74" HPOS="305" VPOS="1236" ID="st5-252"/><String HEIGHT="27" CONTENT="’" WIDTH="12" HPOS="379" VPOS="1236" ID="st5-253"/><String HEIGHT="27" CONTENT="s" WIDTH="13" HPOS="391" VPOS="1236" ID="st5-254"/><SP/><String HEIGHT="27" CONTENT="perception" WIDTH="122" HPOS="431" VPOS="1236" ID="st5-255"/><String HEIGHT="27" CONTENT="," WIDTH="13" HPOS="553" VPOS="1236" ID="st5-256"/><SP/><String HEIGHT="27" CONTENT="since" WIDTH="58" HPOS="593" VPOS="1236" ID="st5-257"/><SP/><String HEIGHT="27" CONTENT="Treasury" WIDTH="99" HPOS="678" VPOS="1236" ID="st5-258"/></TextLine><TextLine HPOS="197" VPOS="1270" ID="tl5-32" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="bonds" WIDTH="72" HPOS="197" VPOS="1270" ID="st5-259"/><SP/><String HEIGHT="26" CONTENT="keep" WIDTH="58" HPOS="280" VPOS="1270" ID="st5-260"/><SP/><String HEIGHT="26" CONTENT="operating" WIDTH="114" HPOS="349" VPOS="1270" ID="st5-261"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="24" HPOS="475" VPOS="1270" ID="st5-262"/><SP/><String HEIGHT="26" CONTENT="domestic" WIDTH="106" HPOS="511" VPOS="1270" ID="st5-263"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="629" VPOS="1270" ID="st5-264"/><SP/><String HEIGHT="26" CONTENT="interna" WIDTH="81" HPOS="685" VPOS="1270" ID="st5-265" SUBS_TYPE="HypPart1" SUBS_CONTENT="international"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="1270" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1303" ID="tl5-33" WIDTH="234" HEIGHT="26"><String HEIGHT="26" CONTENT="tional" WIDTH="66" HPOS="197" VPOS="1303" ID="st5-266" SUBS_TYPE="HypPart2" SUBS_CONTENT="international"/><SP/><String HEIGHT="26" CONTENT="store" WIDTH="58" HPOS="271" VPOS="1303" ID="st5-267"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="337" VPOS="1303" ID="st5-268"/><SP/><String HEIGHT="26" CONTENT="value" WIDTH="62" HPOS="369" VPOS="1303" ID="st5-269"/></TextLine><TextLine HPOS="431" VPOS="1299" ID="tl5-34" WIDTH="8" HEIGHT="13"><String HEIGHT="13" CONTENT="7" WIDTH="8" HPOS="431" VPOS="1299" ID="st5-270"/></TextLine><TextLine HPOS="447" VPOS="1303" ID="tl5-35" WIDTH="7" HEIGHT="26"><String HEIGHT="26" CONTENT="." WIDTH="7" HPOS="447" VPOS="1303" ID="st5-271"/></TextLine><TextLine HPOS="196" VPOS="1353" ID="tl5-36" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="196" VPOS="1353" ID="st5-272"/><SP/><String HEIGHT="26" CONTENT="situation" WIDTH="102" HPOS="252" VPOS="1353" ID="st5-273"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="366" VPOS="1353" ID="st5-274"/><SP/><String HEIGHT="26" CONTENT="similar" WIDTH="75" HPOS="395" VPOS="1353" ID="st5-275"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="482" VPOS="1353" ID="st5-276"/><SP/><String HEIGHT="26" CONTENT="Europe" WIDTH="83" HPOS="516" VPOS="1353" ID="st5-277"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="611" VPOS="1353" ID="st5-278"/><SP/><String HEIGHT="26" CONTENT="Japan" WIDTH="63" HPOS="668" VPOS="1353" ID="st5-279"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="731" VPOS="1353" ID="st5-280"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="756" VPOS="1353" ID="st5-281"/></TextLine><TextLine HPOS="196" VPOS="1386" ID="tl5-37" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="196" VPOS="1386" ID="st5-282"/><SP/><String HEIGHT="27" CONTENT="Euro" WIDTH="54" HPOS="250" VPOS="1386" ID="st5-283"/><SP/><String HEIGHT="27" CONTENT="area" WIDTH="51" HPOS="319" VPOS="1386" ID="st5-284"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="385" VPOS="1386" ID="st5-285"/><SP/><String HEIGHT="27" CONTENT="outlook" WIDTH="91" HPOS="439" VPOS="1386" ID="st5-286"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="545" VPOS="1386" ID="st5-287"/><SP/><String HEIGHT="27" CONTENT="somewhat" WIDTH="123" HPOS="577" VPOS="1386" ID="st5-288"/><SP/><String HEIGHT="27" CONTENT="more" WIDTH="62" HPOS="715" VPOS="1386" ID="st5-289"/></TextLine><TextLine HPOS="196" VPOS="1420" ID="tl5-38" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="complex" WIDTH="100" HPOS="196" VPOS="1420" ID="st5-290"/><SP/><String HEIGHT="26" CONTENT="because" WIDTH="95" HPOS="305" VPOS="1420" ID="st5-291"/><SP/><String HEIGHT="26" CONTENT="there" WIDTH="62" HPOS="409" VPOS="1420" ID="st5-292"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="480" VPOS="1420" ID="st5-293"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="506" VPOS="1420" ID="st5-294"/><SP/><String HEIGHT="26" CONTENT="perception" WIDTH="127" HPOS="529" VPOS="1420" ID="st5-295"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="665" VPOS="1420" ID="st5-296"/><SP/><String HEIGHT="26" CONTENT="pub" WIDTH="42" HPOS="722" VPOS="1420" ID="st5-297" SUBS_TYPE="HypPart1" SUBS_CONTENT="public"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1420" HEIGHT="26"/></TextLine><TextLine HPOS="196" VPOS="1453" ID="tl5-39" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="lic" WIDTH="25" HPOS="196" VPOS="1453" ID="st5-298" SUBS_TYPE="HypPart2" SUBS_CONTENT="public"/><SP/><String HEIGHT="26" CONTENT="debts" WIDTH="65" HPOS="234" VPOS="1453" ID="st5-299"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="311" VPOS="1453" ID="st5-300"/><SP/><String HEIGHT="26" CONTENT="some" WIDTH="64" HPOS="345" VPOS="1453" ID="st5-301"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="421" VPOS="1453" ID="st5-302"/><SP/><String HEIGHT="26" CONTENT="might" WIDTH="70" HPOS="542" VPOS="1453" ID="st5-303"/><SP/><String HEIGHT="26" CONTENT="be" WIDTH="29" HPOS="624" VPOS="1453" ID="st5-304"/><SP/><String HEIGHT="26" CONTENT="following" WIDTH="111" HPOS="666" VPOS="1453" ID="st5-305"/></TextLine><TextLine HPOS="196" VPOS="1486" ID="tl5-40" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="an" WIDTH="30" HPOS="196" VPOS="1486" ID="st5-306"/><SP/><String HEIGHT="27" CONTENT="unsustainable" WIDTH="163" HPOS="237" VPOS="1486" ID="st5-307"/><SP/><String HEIGHT="27" CONTENT="path" WIDTH="49" HPOS="411" VPOS="1486" ID="st5-308"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="460" VPOS="1486" ID="st5-309"/><SP/><String HEIGHT="27" CONTENT="Italian" WIDTH="71" HPOS="484" VPOS="1486" ID="st5-310"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="567" VPOS="1486" ID="st5-311"/><SP/><String HEIGHT="27" CONTENT="Greek" WIDTH="71" HPOS="623" VPOS="1486" ID="st5-312"/><SP/><String HEIGHT="27" CONTENT="public" WIDTH="71" HPOS="706" VPOS="1486" ID="st5-313"/></TextLine><TextLine HPOS="196" VPOS="1520" ID="tl5-41" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="bonds" WIDTH="67" HPOS="196" VPOS="1520" ID="st5-314"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="263" VPOS="1520" ID="st5-315"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="286" VPOS="1520" ID="st5-316"/><SP/><String HEIGHT="26" CONTENT="instance" WIDTH="93" HPOS="328" VPOS="1520" ID="st5-317"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="421" VPOS="1520" ID="st5-318"/><SP/><String HEIGHT="26" CONTENT="stand" WIDTH="65" HPOS="442" VPOS="1520" ID="st5-319"/><SP/><String HEIGHT="26" CONTENT="at" WIDTH="24" HPOS="515" VPOS="1520" ID="st5-320"/><SP/><String HEIGHT="26" CONTENT="significant" WIDTH="121" HPOS="547" VPOS="1520" ID="st5-321"/><SP/><String HEIGHT="26" CONTENT="discount" WIDTH="101" HPOS="676" VPOS="1520" ID="st5-322"/></TextLine><TextLine HPOS="196" VPOS="1553" ID="tl5-42" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="196" VPOS="1553" ID="st5-323"/><SP/><String HEIGHT="26" CONTENT="relation" WIDTH="89" HPOS="227" VPOS="1553" ID="st5-324"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="325" VPOS="1553" ID="st5-325"/><SP/><String HEIGHT="26" CONTENT="German" WIDTH="96" HPOS="358" VPOS="1553" ID="st5-326"/><SP/><String HEIGHT="26" CONTENT="bonds" WIDTH="66" HPOS="463" VPOS="1553" ID="st5-327"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="529" VPOS="1553" ID="st5-328"/><SP/><String HEIGHT="26" CONTENT="However" WIDTH="98" HPOS="552" VPOS="1553" ID="st5-329"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="650" VPOS="1553" ID="st5-330"/><SP/><String HEIGHT="26" CONTENT="it" WIDTH="16" HPOS="673" VPOS="1553" ID="st5-331"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="697" VPOS="1553" ID="st5-332"/><SP/><String HEIGHT="26" CONTENT="hard" WIDTH="54" HPOS="723" VPOS="1553" ID="st5-333"/></TextLine><TextLine HPOS="196" VPOS="1586" ID="tl5-43" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="196" VPOS="1586" ID="st5-334"/><SP/><String HEIGHT="27" CONTENT="imagine" WIDTH="95" HPOS="231" VPOS="1586" ID="st5-335"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="336" VPOS="1586" ID="st5-336"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="394" VPOS="1586" ID="st5-337"/><SP/><String HEIGHT="27" CONTENT="European" WIDTH="112" HPOS="443" VPOS="1586" ID="st5-338"/><SP/><String HEIGHT="27" CONTENT="Union" WIDTH="65" HPOS="566" VPOS="1586" ID="st5-339"/><String HEIGHT="27" CONTENT="," WIDTH="13" HPOS="631" VPOS="1586" ID="st5-340"/><SP/><String HEIGHT="27" CONTENT="at" WIDTH="23" HPOS="655" VPOS="1586" ID="st5-341"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="688" VPOS="1586" ID="st5-342"/><SP/><String HEIGHT="27" CONTENT="risk" WIDTH="40" HPOS="737" VPOS="1586" ID="st5-343"/></TextLine><TextLine HPOS="196" VPOS="1620" ID="tl5-44" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="196" VPOS="1620" ID="st5-344"/><SP/><String HEIGHT="26" CONTENT="its" WIDTH="26" HPOS="230" VPOS="1620" ID="st5-345"/><SP/><String HEIGHT="26" CONTENT="dissolution" WIDTH="122" HPOS="265" VPOS="1620" ID="st5-346"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="387" VPOS="1620" ID="st5-347"/><SP/><String HEIGHT="26" CONTENT="passively" WIDTH="102" HPOS="408" VPOS="1620" ID="st5-348"/><SP/><String HEIGHT="26" CONTENT="let" WIDTH="30" HPOS="518" VPOS="1620" ID="st5-349"/><SP/><String HEIGHT="26" CONTENT="Italy" WIDTH="48" HPOS="556" VPOS="1620" ID="st5-350"/><SP/><String HEIGHT="26" CONTENT="or" WIDTH="24" HPOS="613" VPOS="1620" ID="st5-351"/><SP/><String HEIGHT="26" CONTENT="Greece" WIDTH="84" HPOS="646" VPOS="1620" ID="st5-352"/><SP/><String HEIGHT="26" CONTENT="de" WIDTH="26" HPOS="738" VPOS="1620" ID="st5-353" SUBS_TYPE="HypPart1" SUBS_CONTENT="declare"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1620" HEIGHT="26"/></TextLine><TextLine HPOS="196" VPOS="1653" ID="tl5-45" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="clare" WIDTH="56" HPOS="196" VPOS="1653" ID="st5-354" SUBS_TYPE="HypPart2" SUBS_CONTENT="declare"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="260" VPOS="1653" ID="st5-355"/><SP/><String HEIGHT="26" CONTENT="default" WIDTH="84" HPOS="307" VPOS="1653" ID="st5-356"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="399" VPOS="1653" ID="st5-357"/><SP/><String HEIGHT="26" CONTENT="their" WIDTH="54" HPOS="432" VPOS="1653" ID="st5-358"/><SP/><String HEIGHT="26" CONTENT="public" WIDTH="71" HPOS="494" VPOS="1653" ID="st5-359"/><SP/><String HEIGHT="26" CONTENT="debts" WIDTH="65" HPOS="573" VPOS="1653" ID="st5-360"/><SP/><String HEIGHT="26" CONTENT="or" WIDTH="25" HPOS="646" VPOS="1653" ID="st5-361"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="679" VPOS="1653" ID="st5-362"/><SP/><String HEIGHT="26" CONTENT="unilat" WIDTH="66" HPOS="701" VPOS="1653" ID="st5-363" SUBS_TYPE="HypPart1" SUBS_CONTENT="unilateral"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1653" HEIGHT="26"/></TextLine><TextLine HPOS="196" VPOS="1686" ID="tl5-46" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="eral" WIDTH="44" HPOS="196" VPOS="1686" ID="st5-364" SUBS_TYPE="HypPart2" SUBS_CONTENT="unilateral"/><SP/><String HEIGHT="27" CONTENT="restructuring" WIDTH="148" HPOS="256" VPOS="1686" ID="st5-365"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="404" VPOS="1686" ID="st5-366"/><SP/><String HEIGHT="27" CONTENT="Even" WIDTH="56" HPOS="432" VPOS="1686" ID="st5-367"/><SP/><String HEIGHT="27" CONTENT="when" WIDTH="67" HPOS="504" VPOS="1686" ID="st5-368"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="588" VPOS="1686" ID="st5-369"/><SP/><String HEIGHT="27" CONTENT="degrees" WIDTH="93" HPOS="643" VPOS="1686" ID="st5-370"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="752" VPOS="1686" ID="st5-371"/></TextLine><TextLine HPOS="196" VPOS="1720" ID="tl5-47" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="freedom" WIDTH="101" HPOS="196" VPOS="1720" ID="st5-372"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="307" VPOS="1720" ID="st5-373"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="342" VPOS="1720" ID="st5-374"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="68" HPOS="411" VPOS="1720" ID="st5-375"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="38" HPOS="489" VPOS="1720" ID="st5-376"/><SP/><String HEIGHT="26" CONTENT="certainly" WIDTH="99" HPOS="537" VPOS="1720" ID="st5-377"/><SP/><String HEIGHT="26" CONTENT="lower" WIDTH="67" HPOS="646" VPOS="1720" ID="st5-378"/><SP/><String HEIGHT="26" CONTENT="than" WIDTH="54" HPOS="723" VPOS="1720" ID="st5-379"/></TextLine><TextLine HPOS="196" VPOS="1753" ID="tl5-48" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="196" VPOS="1753" ID="st5-380"/><SP/><String HEIGHT="26" CONTENT="Germany" WIDTH="101" HPOS="230" VPOS="1753" ID="st5-381"/><String HEIGHT="26" CONTENT="," WIDTH="15" HPOS="331" VPOS="1753" ID="st5-382"/><SP/><String HEIGHT="26" CONTENT="they" WIDTH="51" HPOS="359" VPOS="1753" ID="st5-383"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="422" VPOS="1753" ID="st5-384"/><SP/><String HEIGHT="26" CONTENT="still" WIDTH="39" HPOS="471" VPOS="1753" ID="st5-385"/><SP/><String HEIGHT="26" CONTENT="much" WIDTH="67" HPOS="522" VPOS="1753" ID="st5-386"/><SP/><String HEIGHT="26" CONTENT="higher" WIDTH="76" HPOS="601" VPOS="1753" ID="st5-387"/><SP/><String HEIGHT="26" CONTENT="than" WIDTH="54" HPOS="689" VPOS="1753" ID="st5-388"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="756" VPOS="1753" ID="st5-389"/></TextLine><TextLine HPOS="196" VPOS="1786" ID="tl5-49" WIDTH="320" HEIGHT="27"><String HEIGHT="27" CONTENT="most" WIDTH="59" HPOS="196" VPOS="1786" ID="st5-390"/><SP/><String HEIGHT="27" CONTENT="developing" WIDTH="130" HPOS="263" VPOS="1786" ID="st5-391"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="104" HPOS="400" VPOS="1786" ID="st5-392"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="504" VPOS="1786" ID="st5-393"/></TextLine><TextLine HPOS="196" VPOS="1836" ID="tl5-50" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="Let" WIDTH="36" HPOS="196" VPOS="1836" ID="st5-394"/><SP/><String HEIGHT="27" CONTENT="us" WIDTH="27" HPOS="243" VPOS="1836" ID="st5-395"/><SP/><String HEIGHT="27" CONTENT="consider" WIDTH="99" HPOS="281" VPOS="1836" ID="st5-396"/><SP/><String HEIGHT="27" CONTENT="now" WIDTH="52" HPOS="391" VPOS="1836" ID="st5-397"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="455" VPOS="1836" ID="st5-398"/><SP/><String HEIGHT="27" CONTENT="effects" WIDTH="79" HPOS="504" VPOS="1836" ID="st5-399"/><SP/><String HEIGHT="27" CONTENT="on" WIDTH="31" HPOS="594" VPOS="1836" ID="st5-400"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="636" VPOS="1836" ID="st5-401"/><SP/><String HEIGHT="27" CONTENT="balance" WIDTH="91" HPOS="686" VPOS="1836" ID="st5-402"/></TextLine><TextLine HPOS="196" VPOS="1870" ID="tl5-51" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="196" VPOS="1870" ID="st5-403"/><SP/><String HEIGHT="26" CONTENT="payments" WIDTH="109" HPOS="232" VPOS="1870" ID="st5-404"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="341" VPOS="1870" ID="st5-405"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="366" VPOS="1870" ID="st5-406"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="399" VPOS="1870" ID="st5-407"/><SP/><String HEIGHT="26" CONTENT="United" WIDTH="78" HPOS="449" VPOS="1870" ID="st5-408"/><SP/><String HEIGHT="26" CONTENT="States" WIDTH="67" HPOS="538" VPOS="1870" ID="st5-409"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="605" VPOS="1870" ID="st5-410"/><SP/><String HEIGHT="26" CONTENT="Western" WIDTH="99" HPOS="628" VPOS="1870" ID="st5-411"/><SP/><String HEIGHT="26" CONTENT="Eu" WIDTH="26" HPOS="738" VPOS="1870" ID="st5-412" SUBS_TYPE="HypPart1" SUBS_CONTENT="Europe"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1870" HEIGHT="26"/></TextLine><TextLine HPOS="196" VPOS="1903" ID="tl5-52" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="rope" WIDTH="55" HPOS="196" VPOS="1903" ID="st5-413" SUBS_TYPE="HypPart2" SUBS_CONTENT="Europe"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="262" VPOS="1903" ID="st5-414"/><SP/><String HEIGHT="26" CONTENT="Japan" WIDTH="62" HPOS="319" VPOS="1903" ID="st5-415"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="381" VPOS="1903" ID="st5-416"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="406" VPOS="1903" ID="st5-417"/><SP/><String HEIGHT="26" CONTENT="international" WIDTH="150" HPOS="456" VPOS="1903" ID="st5-418"/><SP/><String HEIGHT="26" CONTENT="repercussions" WIDTH="159" HPOS="618" VPOS="1903" ID="st5-419"/></TextLine><TextLine HPOS="197" VPOS="2003" ID="tl5-53" WIDTH="580" HEIGHT="23"><String HEIGHT="23" CONTENT="7" WIDTH="13" HPOS="197" VPOS="2003" ID="st5-420"/><SP/><String HEIGHT="23" CONTENT="Dooley" WIDTH="69" HPOS="228" VPOS="2003" ID="st5-421"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="297" VPOS="2003" ID="st5-422"/><SP/><String HEIGHT="23" CONTENT="M" WIDTH="12" HPOS="324" VPOS="2003" ID="st5-423"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="336" VPOS="2003" ID="st5-424"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="348" VPOS="2003" ID="st5-425"/><SP/><String HEIGHT="23" CONTENT="Folkerts" WIDTH="87" HPOS="376" VPOS="2003" ID="st5-426"/><String HEIGHT="23" CONTENT="-" WIDTH="11" HPOS="463" VPOS="2003" ID="st5-427"/><String HEIGHT="23" CONTENT="Landau" WIDTH="66" HPOS="474" VPOS="2003" ID="st5-428"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="540" VPOS="2003" ID="st5-429"/><SP/><String HEIGHT="23" CONTENT="D" WIDTH="11" HPOS="567" VPOS="2003" ID="st5-430"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="578" VPOS="2003" ID="st5-431"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="606" VPOS="2003" ID="st5-432"/><SP/><String HEIGHT="23" CONTENT="Garber" WIDTH="68" HPOS="662" VPOS="2003" ID="st5-433"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="730" VPOS="2003" ID="st5-434"/><SP/><String HEIGHT="23" CONTENT="P" WIDTH="9" HPOS="758" VPOS="2003" ID="st5-435"/><String HEIGHT="23" CONTENT="." WIDTH="10" HPOS="767" VPOS="2003" ID="st5-436"/></TextLine><TextLine HPOS="228" VPOS="2032" ID="tl5-54" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="2009" WIDTH="50" HPOS="228" VPOS="2032" ID="st5-437"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="278" VPOS="2032" ID="st5-438"/><SP/><String HEIGHT="23" CONTENT="Bretton" WIDTH="79" HPOS="303" VPOS="2032" ID="st5-439"/><SP/><String HEIGHT="23" CONTENT="Woods" WIDTH="75" HPOS="394" VPOS="2032" ID="st5-440"/><SP/><String HEIGHT="23" CONTENT="II" WIDTH="11" HPOS="482" VPOS="2032" ID="st5-441"/><SP/><String HEIGHT="23" CONTENT="Still" WIDTH="38" HPOS="505" VPOS="2032" ID="st5-442"/><SP/><String HEIGHT="23" CONTENT="Defines" WIDTH="79" HPOS="555" VPOS="2032" ID="st5-443"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="646" VPOS="2032" ID="st5-444"/><SP/><String HEIGHT="23" CONTENT="Interna" WIDTH="73" HPOS="694" VPOS="2032" ID="st5-445" SUBS_TYPE="HypPart1" SUBS_CONTENT="International"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="2032" HEIGHT="23"/></TextLine><TextLine HPOS="228" VPOS="2061" ID="tl5-55" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="tional" WIDTH="60" HPOS="228" VPOS="2061" ID="st5-446" SUBS_TYPE="HypPart2" SUBS_CONTENT="International"/><SP/><String HEIGHT="24" CONTENT="Monetary" WIDTH="102" HPOS="304" VPOS="2061" ID="st5-447"/><SP/><String HEIGHT="24" CONTENT="System" WIDTH="70" HPOS="422" VPOS="2061" ID="st5-448"/><String HEIGHT="24" CONTENT="," WIDTH="12" HPOS="492" VPOS="2061" ID="st5-449"/><SP/><String HEIGHT="24" CONTENT="Deutsche" WIDTH="99" HPOS="520" VPOS="2061" ID="st5-450"/><SP/><String HEIGHT="24" CONTENT="Bank" WIDTH="52" HPOS="635" VPOS="2061" ID="st5-451"/><SP/><String HEIGHT="24" CONTENT="Special" WIDTH="74" HPOS="703" VPOS="2061" ID="st5-452"/></TextLine><TextLine HPOS="228" VPOS="2090" ID="tl5-56" WIDTH="184" HEIGHT="24"><String HEIGHT="24" CONTENT="Report" WIDTH="66" HPOS="228" VPOS="2090" ID="st5-453"/><String HEIGHT="24" CONTENT="," WIDTH="12" HPOS="294" VPOS="2090" ID="st5-454"/><SP/><String HEIGHT="24" CONTENT="February" WIDTH="88" HPOS="313" VPOS="2090" ID="st5-455"/><String HEIGHT="24" CONTENT="." WIDTH="11" HPOS="401" VPOS="2090" ID="st5-456"/></TextLine><TextLine HPOS="875" VPOS="204" ID="tl5-57" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="via" WIDTH="33" HPOS="875" VPOS="204" ID="st5-457"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="919" VPOS="204" ID="st5-458"/><SP/><String HEIGHT="26" CONTENT="contraction" WIDTH="134" HPOS="970" VPOS="204" ID="st5-459"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1116" VPOS="204" ID="st5-460"/><SP/><String HEIGHT="26" CONTENT="trade" WIDTH="62" HPOS="1152" VPOS="204" ID="st5-461"/><SP/><String HEIGHT="26" CONTENT="affect" WIDTH="68" HPOS="1225" VPOS="204" ID="st5-462"/><SP/><String HEIGHT="26" CONTENT="more" WIDTH="61" HPOS="1305" VPOS="204" ID="st5-463"/><SP/><String HEIGHT="26" CONTENT="or" WIDTH="25" HPOS="1378" VPOS="204" ID="st5-464"/><SP/><String HEIGHT="26" CONTENT="less" WIDTH="42" HPOS="1414" VPOS="204" ID="st5-465"/></TextLine><TextLine HPOS="875" VPOS="237" ID="tl5-58" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="symmetrically" WIDTH="160" HPOS="875" VPOS="237" ID="st5-466"/><SP/><String HEIGHT="26" CONTENT="both" WIDTH="56" HPOS="1043" VPOS="237" ID="st5-467"/><SP/><String HEIGHT="26" CONTENT="exports" WIDTH="86" HPOS="1108" VPOS="237" ID="st5-468"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1203" VPOS="237" ID="st5-469"/><SP/><String HEIGHT="26" CONTENT="imports" WIDTH="85" HPOS="1257" VPOS="237" ID="st5-470"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="1342" VPOS="237" ID="st5-471"/><SP/><String HEIGHT="26" CONTENT="There" WIDTH="66" HPOS="1364" VPOS="237" ID="st5-472"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="1439" VPOS="237" ID="st5-473"/></TextLine><TextLine HPOS="875" VPOS="270" ID="tl5-59" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="no" WIDTH="31" HPOS="875" VPOS="270" ID="st5-474"/><SP/><String HEIGHT="27" CONTENT="clear" WIDTH="56" HPOS="920" VPOS="270" ID="st5-475"/><SP/><String HEIGHT="27" CONTENT="asymmetry" WIDTH="128" HPOS="990" VPOS="270" ID="st5-476"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1132" VPOS="270" ID="st5-477"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1168" VPOS="270" ID="st5-478"/><SP/><String HEIGHT="27" CONTENT="way" WIDTH="48" HPOS="1220" VPOS="270" ID="st5-479"/><SP/><String HEIGHT="27" CONTENT="quantities" WIDTH="115" HPOS="1282" VPOS="270" ID="st5-480"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="1411" VPOS="270" ID="st5-481"/></TextLine><TextLine HPOS="875" VPOS="304" ID="tl5-60" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="prices" WIDTH="69" HPOS="875" VPOS="304" ID="st5-482"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="952" VPOS="304" ID="st5-483"/><SP/><String HEIGHT="26" CONTENT="exports" WIDTH="86" HPOS="985" VPOS="304" ID="st5-484"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1080" VPOS="304" ID="st5-485"/><SP/><String HEIGHT="26" CONTENT="imports" WIDTH="89" HPOS="1133" VPOS="304" ID="st5-486"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="1231" VPOS="304" ID="st5-487"/><SP/><String HEIGHT="26" CONTENT="affected" WIDTH="97" HPOS="1276" VPOS="304" ID="st5-488"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="28" HPOS="1381" VPOS="304" ID="st5-489"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1418" VPOS="304" ID="st5-490"/></TextLine><TextLine HPOS="875" VPOS="337" ID="tl5-61" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="contraction" WIDTH="135" HPOS="875" VPOS="337" ID="st5-491"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1025" VPOS="337" ID="st5-492"/><SP/><String HEIGHT="26" CONTENT="international" WIDTH="150" HPOS="1064" VPOS="337" ID="st5-493"/><SP/><String HEIGHT="26" CONTENT="trade" WIDTH="57" HPOS="1229" VPOS="337" ID="st5-494"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1286" VPOS="337" ID="st5-495"/><SP/><String HEIGHT="26" CONTENT="Therefore" WIDTH="114" HPOS="1313" VPOS="337" ID="st5-496"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1442" VPOS="337" ID="st5-497"/></TextLine><TextLine HPOS="875" VPOS="370" ID="tl5-62" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="global" WIDTH="73" HPOS="875" VPOS="370" ID="st5-498"/><SP/><String HEIGHT="27" CONTENT="crisis" WIDTH="56" HPOS="957" VPOS="370" ID="st5-499"/><SP/><String HEIGHT="27" CONTENT="does" WIDTH="55" HPOS="1022" VPOS="370" ID="st5-500"/><SP/><String HEIGHT="27" CONTENT="not" WIDTH="40" HPOS="1086" VPOS="370" ID="st5-501"/><SP/><String HEIGHT="27" CONTENT="tend" WIDTH="54" HPOS="1135" VPOS="370" ID="st5-502"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="1198" VPOS="370" ID="st5-503"/><SP/><String HEIGHT="27" CONTENT="generate" WIDTH="105" HPOS="1232" VPOS="370" ID="st5-504"/><SP/><String HEIGHT="27" CONTENT="or" WIDTH="25" HPOS="1345" VPOS="370" ID="st5-505"/><SP/><String HEIGHT="27" CONTENT="accen" WIDTH="65" HPOS="1379" VPOS="370" ID="st5-506" SUBS_TYPE="HypPart1" SUBS_CONTENT="accentuate"/><HYP CONTENT="-" WIDTH="12" HPOS="1444" VPOS="370" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="404" ID="tl5-63" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="tuate" WIDTH="62" HPOS="875" VPOS="404" ID="st5-507" SUBS_TYPE="HypPart2" SUBS_CONTENT="accentuate"/><SP/><String HEIGHT="26" CONTENT="any" WIDTH="42" HPOS="951" VPOS="404" ID="st5-508"/><SP/><String HEIGHT="26" CONTENT="problem" WIDTH="99" HPOS="1006" VPOS="404" ID="st5-509"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1119" VPOS="404" ID="st5-510"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1154" VPOS="404" ID="st5-511"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="85" HPOS="1206" VPOS="404" ID="st5-512"/><SP/><String HEIGHT="26" CONTENT="account" WIDTH="89" HPOS="1305" VPOS="404" ID="st5-513"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="1394" VPOS="404" ID="st5-514"/><SP/><String HEIGHT="26" CONTENT="On" WIDTH="35" HPOS="1421" VPOS="404" ID="st5-515"/></TextLine><TextLine HPOS="875" VPOS="437" ID="tl5-64" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="875" VPOS="437" ID="st5-516"/><SP/><String HEIGHT="26" CONTENT="other" WIDTH="64" HPOS="928" VPOS="437" ID="st5-517"/><SP/><String HEIGHT="26" CONTENT="hand" WIDTH="54" HPOS="1006" VPOS="437" ID="st5-518"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="1060" VPOS="437" ID="st5-519"/><SP/><String HEIGHT="26" CONTENT="there" WIDTH="62" HPOS="1088" VPOS="437" ID="st5-520"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="1165" VPOS="437" ID="st5-521"/><SP/><String HEIGHT="26" CONTENT="no" WIDTH="31" HPOS="1216" VPOS="437" ID="st5-522"/><SP/><String HEIGHT="26" CONTENT="capital" WIDTH="78" HPOS="1261" VPOS="437" ID="st5-523"/><SP/><String HEIGHT="26" CONTENT="outflows" WIDTH="103" HPOS="1353" VPOS="437" ID="st5-524"/></TextLine><TextLine HPOS="875" VPOS="470" ID="tl5-65" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="875" VPOS="470" ID="st5-525"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="932" VPOS="470" ID="st5-526"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="965" VPOS="470" ID="st5-527"/><SP/><String HEIGHT="27" CONTENT="case" WIDTH="51" HPOS="1015" VPOS="470" ID="st5-528"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1077" VPOS="470" ID="st5-529"/><SP/><String HEIGHT="27" CONTENT="global" WIDTH="73" HPOS="1113" VPOS="470" ID="st5-530"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="64" HPOS="1197" VPOS="470" ID="st5-531"/><SP/><String HEIGHT="27" CONTENT="it" WIDTH="15" HPOS="1272" VPOS="470" ID="st5-532"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="1299" VPOS="470" ID="st5-533"/><SP/><String HEIGHT="27" CONTENT="even" WIDTH="56" HPOS="1327" VPOS="470" ID="st5-534"/><SP/><String HEIGHT="27" CONTENT="more" WIDTH="62" HPOS="1394" VPOS="470" ID="st5-535"/></TextLine><TextLine HPOS="875" VPOS="504" ID="tl5-66" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="likely" WIDTH="59" HPOS="875" VPOS="504" ID="st5-536"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="949" VPOS="504" ID="st5-537"/><SP/><String HEIGHT="26" CONTENT="experience" WIDTH="127" HPOS="988" VPOS="504" ID="st5-538"/><SP/><String HEIGHT="26" CONTENT="capital" WIDTH="77" HPOS="1130" VPOS="504" ID="st5-539"/><SP/><String HEIGHT="26" CONTENT="inflows" WIDTH="81" HPOS="1221" VPOS="504" ID="st5-540"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="1302" VPOS="504" ID="st5-541"/><SP/><String HEIGHT="26" CONTENT="since" WIDTH="59" HPOS="1329" VPOS="504" ID="st5-542"/><SP/><String HEIGHT="26" CONTENT="their" WIDTH="54" HPOS="1402" VPOS="504" ID="st5-543"/></TextLine><TextLine HPOS="875" VPOS="537" ID="tl5-67" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="currencies" WIDTH="119" HPOS="875" VPOS="537" ID="st5-544"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="1005" VPOS="537" ID="st5-545"/><SP/><String HEIGHT="26" CONTENT="seen" WIDTH="54" HPOS="1052" VPOS="537" ID="st5-546"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="25" HPOS="1116" VPOS="537" ID="st5-547"/><SP/><String HEIGHT="26" CONTENT="international" WIDTH="149" HPOS="1151" VPOS="537" ID="st5-548"/><SP/><String HEIGHT="26" CONTENT="store" WIDTH="58" HPOS="1311" VPOS="537" ID="st5-549"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1379" VPOS="537" ID="st5-550"/><SP/><String HEIGHT="26" CONTENT="val" WIDTH="32" HPOS="1414" VPOS="537" ID="st5-551" SUBS_TYPE="HypPart1" SUBS_CONTENT="value"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="537" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="570" ID="tl5-68" WIDTH="38" HEIGHT="27"><String HEIGHT="27" CONTENT="ue" WIDTH="25" HPOS="875" VPOS="570" ID="st5-552" SUBS_TYPE="HypPart2" SUBS_CONTENT="value"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="900" VPOS="570" ID="st5-553"/></TextLine><TextLine HPOS="875" VPOS="620" ID="tl5-69" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="In" WIDTH="22" HPOS="875" VPOS="620" ID="st5-554"/><SP/><String HEIGHT="27" CONTENT="sum" WIDTH="42" HPOS="915" VPOS="620" ID="st5-555"/><String HEIGHT="27" CONTENT="," WIDTH="15" HPOS="957" VPOS="620" ID="st5-556"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="990" VPOS="620" ID="st5-557"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="63" HPOS="1107" VPOS="620" ID="st5-558"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1188" VPOS="620" ID="st5-559"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1228" VPOS="620" ID="st5-560"/><SP/><String HEIGHT="27" CONTENT="above" WIDTH="71" HPOS="1285" VPOS="620" ID="st5-561"/><SP/><String HEIGHT="27" CONTENT="named" WIDTH="82" HPOS="1374" VPOS="620" ID="st5-562"/></TextLine><TextLine HPOS="875" VPOS="654" ID="tl5-70" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="countries" WIDTH="109" HPOS="875" VPOS="654" ID="st5-563"/><SP/><String HEIGHT="26" CONTENT="typically" WIDTH="94" HPOS="997" VPOS="654" ID="st5-564"/><SP/><String HEIGHT="26" CONTENT="induce" WIDTH="79" HPOS="1104" VPOS="654" ID="st5-565"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1196" VPOS="654" ID="st5-566"/><SP/><String HEIGHT="26" CONTENT="higher" WIDTH="75" HPOS="1223" VPOS="654" ID="st5-567"/><SP/><String HEIGHT="26" CONTENT="demand" WIDTH="98" HPOS="1311" VPOS="654" ID="st5-568"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="1422" VPOS="654" ID="st5-569"/></TextLine><TextLine HPOS="875" VPOS="687" ID="tl5-71" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="money" WIDTH="81" HPOS="875" VPOS="687" ID="st5-570"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="965" VPOS="687" ID="st5-571"/><SP/><String HEIGHT="26" CONTENT="public" WIDTH="72" HPOS="1019" VPOS="687" ID="st5-572"/><SP/><String HEIGHT="26" CONTENT="bonds" WIDTH="66" HPOS="1100" VPOS="687" ID="st5-573"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="1166" VPOS="687" ID="st5-574"/><SP/><String HEIGHT="26" CONTENT="thus" WIDTH="51" HPOS="1190" VPOS="687" ID="st5-575"/><SP/><String HEIGHT="26" CONTENT="facilitating" WIDTH="124" HPOS="1250" VPOS="687" ID="st5-576"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1384" VPOS="687" ID="st5-577"/><SP/><String HEIGHT="26" CONTENT="fi" WIDTH="16" HPOS="1432" VPOS="687" ID="st5-578" SUBS_TYPE="HypPart1" SUBS_CONTENT="financing"/><HYP CONTENT="-" WIDTH="8" HPOS="1448" VPOS="687" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="720" ID="tl5-72" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="nancing" WIDTH="95" HPOS="875" VPOS="720" ID="st5-579" SUBS_TYPE="HypPart2" SUBS_CONTENT="financing"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="985" VPOS="720" ID="st5-580"/><SP/><String HEIGHT="27" CONTENT="expansive" WIDTH="114" HPOS="1025" VPOS="720" ID="st5-581"/><SP/><String HEIGHT="27" CONTENT="fiscal" WIDTH="58" HPOS="1155" VPOS="720" ID="st5-582"/><SP/><String HEIGHT="27" CONTENT="packages" WIDTH="104" HPOS="1229" VPOS="720" ID="st5-583"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="1333" VPOS="720" ID="st5-584"/><SP/><String HEIGHT="27" CONTENT="Further" WIDTH="83" HPOS="1362" VPOS="720" ID="st5-585" SUBS_TYPE="HypPart1" SUBS_CONTENT="Furthermore"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="720" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="754" ID="tl5-73" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="more" WIDTH="56" HPOS="875" VPOS="754" ID="st5-586" SUBS_TYPE="HypPart2" SUBS_CONTENT="Furthermore"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="931" VPOS="754" ID="st5-587"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="957" VPOS="754" ID="st5-588"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="1068" VPOS="754" ID="st5-589"/><SP/><String HEIGHT="26" CONTENT="do" WIDTH="31" HPOS="1143" VPOS="754" ID="st5-590"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="40" HPOS="1187" VPOS="754" ID="st5-591"/><SP/><String HEIGHT="26" CONTENT="translate" WIDTH="102" HPOS="1239" VPOS="754" ID="st5-592"/><SP/><String HEIGHT="26" CONTENT="into" WIDTH="46" HPOS="1353" VPOS="754" ID="st5-593"/><SP/><String HEIGHT="26" CONTENT="bal" WIDTH="34" HPOS="1411" VPOS="754" ID="st5-594" SUBS_TYPE="HypPart1" SUBS_CONTENT="balance"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="754" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="787" ID="tl5-74" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="ance" WIDTH="56" HPOS="875" VPOS="787" ID="st5-595" SUBS_TYPE="HypPart2" SUBS_CONTENT="balance"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="941" VPOS="787" ID="st5-596"/><SP/><String HEIGHT="26" CONTENT="payment" WIDTH="104" HPOS="976" VPOS="787" ID="st5-597"/><SP/><String HEIGHT="26" CONTENT="problems" WIDTH="104" HPOS="1090" VPOS="787" ID="st5-598"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="1194" VPOS="787" ID="st5-599"/><SP/><String HEIGHT="26" CONTENT="neither" WIDTH="83" HPOS="1218" VPOS="787" ID="st5-600"/><SP/><String HEIGHT="26" CONTENT="through" WIDTH="96" HPOS="1311" VPOS="787" ID="st5-601"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="787" ID="st5-602"/></TextLine><TextLine HPOS="875" VPOS="820" ID="tl5-75" WIDTH="579" HEIGHT="27"><String HEIGHT="27" CONTENT="current" WIDTH="86" HPOS="875" VPOS="820" ID="st5-603"/><SP/><String HEIGHT="27" CONTENT="account" WIDTH="94" HPOS="968" VPOS="820" ID="st5-604"/><SP/><String HEIGHT="27" CONTENT="nor" WIDTH="40" HPOS="1070" VPOS="820" ID="st5-605"/><SP/><String HEIGHT="27" CONTENT="through" WIDTH="95" HPOS="1118" VPOS="820" ID="st5-606"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1221" VPOS="820" ID="st5-607"/><SP/><String HEIGHT="27" CONTENT="capital" WIDTH="78" HPOS="1267" VPOS="820" ID="st5-608"/><SP/><String HEIGHT="27" CONTENT="account" WIDTH="89" HPOS="1352" VPOS="820" ID="st5-609"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="1441" VPOS="820" ID="st5-610"/></TextLine><TextLine HPOS="875" VPOS="886" ID="tl5-76" WIDTH="323" HEIGHT="27"><String HEIGHT="27" CONTENT="Pro" WIDTH="36" HPOS="875" VPOS="886" ID="st5-611"/><String HEIGHT="27" CONTENT="-" WIDTH="12" HPOS="911" VPOS="886" ID="st5-612"/><String HEIGHT="27" CONTENT="cyclical" WIDTH="96" HPOS="923" VPOS="886" ID="st5-613"/><SP/><String HEIGHT="27" CONTENT="policy" WIDTH="77" HPOS="1027" VPOS="886" ID="st5-614"/><SP/><String HEIGHT="27" CONTENT="trap" WIDTH="54" HPOS="1112" VPOS="886" ID="st5-615"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="25" HPOS="1173" VPOS="886" ID="st5-616"/></TextLine><TextLine HPOS="875" VPOS="919" ID="tl5-77" WIDTH="275" HEIGHT="26"><String HEIGHT="26" CONTENT="developing" WIDTH="147" HPOS="875" VPOS="919" ID="st5-617"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="120" HPOS="1030" VPOS="919" ID="st5-618"/></TextLine><TextLine HPOS="875" VPOS="970" ID="tl5-78" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="875" VPOS="970" ID="st5-619"/><SP/><String HEIGHT="26" CONTENT="effects" WIDTH="79" HPOS="939" VPOS="970" ID="st5-620"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1038" VPOS="970" ID="st5-621"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1082" VPOS="970" ID="st5-622"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="64" HPOS="1201" VPOS="970" ID="st5-623"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1285" VPOS="970" ID="st5-624"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="1326" VPOS="970" ID="st5-625"/></TextLine><TextLine HPOS="875" VPOS="1003" ID="tl5-79" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="countries" WIDTH="109" HPOS="875" VPOS="1003" ID="st5-626"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="996" VPOS="1003" ID="st5-627"/><SP/><String HEIGHT="26" CONTENT="definitely" WIDTH="108" HPOS="1045" VPOS="1003" ID="st5-628"/><SP/><String HEIGHT="26" CONTENT="more" WIDTH="61" HPOS="1166" VPOS="1003" ID="st5-629"/><SP/><String HEIGHT="26" CONTENT="complex" WIDTH="92" HPOS="1240" VPOS="1003" ID="st5-630"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="1332" VPOS="1003" ID="st5-631"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="1359" VPOS="1003" ID="st5-632"/><SP/><String HEIGHT="26" CONTENT="these" WIDTH="63" HPOS="1393" VPOS="1003" ID="st5-633"/></TextLine><TextLine HPOS="875" VPOS="1036" ID="tl5-80" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="countries" WIDTH="109" HPOS="875" VPOS="1036" ID="st5-634"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="63" HPOS="994" VPOS="1036" ID="st5-635"/><SP/><String HEIGHT="27" CONTENT="also" WIDTH="46" HPOS="1068" VPOS="1036" ID="st5-636"/><SP/><String HEIGHT="27" CONTENT="derive" WIDTH="71" HPOS="1124" VPOS="1036" ID="st5-637"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="1206" VPOS="1036" ID="st5-638"/><SP/><String HEIGHT="27" CONTENT="wealth" WIDTH="80" HPOS="1238" VPOS="1036" ID="st5-639"/><SP/><String HEIGHT="27" CONTENT="loss" WIDTH="40" HPOS="1328" VPOS="1036" ID="st5-640"/><String HEIGHT="27" CONTENT="," WIDTH="11" HPOS="1368" VPOS="1036" ID="st5-641"/><SP/><String HEIGHT="27" CONTENT="credit" WIDTH="66" HPOS="1390" VPOS="1036" ID="st5-642"/></TextLine><TextLine HPOS="875" VPOS="1070" ID="tl5-81" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="contraction" WIDTH="135" HPOS="875" VPOS="1070" ID="st5-643"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1019" VPOS="1070" ID="st5-644"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1072" VPOS="1070" ID="st5-645"/><SP/><String HEIGHT="26" CONTENT="fall" WIDTH="36" HPOS="1094" VPOS="1070" ID="st5-646"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1139" VPOS="1070" ID="st5-647"/><SP/><String HEIGHT="26" CONTENT="aggregate" WIDTH="120" HPOS="1169" VPOS="1070" ID="st5-648"/><SP/><String HEIGHT="26" CONTENT="demand" WIDTH="97" HPOS="1298" VPOS="1070" ID="st5-649"/><SP/><String HEIGHT="26" CONTENT="with" WIDTH="52" HPOS="1404" VPOS="1070" ID="st5-650"/></TextLine><TextLine HPOS="875" VPOS="1103" ID="tl5-82" WIDTH="589" HEIGHT="26"><String HEIGHT="26" CONTENT="recessive" WIDTH="104" HPOS="875" VPOS="1103" ID="st5-651"/><SP/><String HEIGHT="26" CONTENT="effects" WIDTH="78" HPOS="987" VPOS="1103" ID="st5-652"/><SP/><String HEIGHT="26" CONTENT="on" WIDTH="31" HPOS="1073" VPOS="1103" ID="st5-653"/><SP/><String HEIGHT="26" CONTENT="output" WIDTH="80" HPOS="1112" VPOS="1103" ID="st5-654"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="1200" VPOS="1103" ID="st5-655"/><SP/><String HEIGHT="26" CONTENT="employment" WIDTH="141" HPOS="1252" VPOS="1103" ID="st5-656"/><String HEIGHT="26" CONTENT="." WIDTH="15" HPOS="1393" VPOS="1103" ID="st5-657"/><SP/><String HEIGHT="26" CONTENT="But" WIDTH="36" HPOS="1416" VPOS="1103" ID="st5-658"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="1452" VPOS="1103" ID="st5-659"/></TextLine><TextLine HPOS="875" VPOS="1136" ID="tl5-83" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="contrarily" WIDTH="110" HPOS="875" VPOS="1136" ID="st5-660"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="995" VPOS="1136" ID="st5-661"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1030" VPOS="1136" ID="st5-662"/><SP/><String HEIGHT="27" CONTENT="case" WIDTH="51" HPOS="1078" VPOS="1136" ID="st5-663"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1139" VPOS="1136" ID="st5-664"/><SP/><String HEIGHT="27" CONTENT="developed" WIDTH="122" HPOS="1174" VPOS="1136" ID="st5-665"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="104" HPOS="1306" VPOS="1136" ID="st5-666"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="1410" VPOS="1136" ID="st5-667"/><SP/><String HEIGHT="27" CONTENT="fi" WIDTH="17" HPOS="1431" VPOS="1136" ID="st5-668" SUBS_TYPE="HypPart1" SUBS_CONTENT="financial"/><HYP CONTENT="-" WIDTH="8" HPOS="1448" VPOS="1136" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="1170" ID="tl5-84" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="nancial" WIDTH="84" HPOS="875" VPOS="1170" ID="st5-669" SUBS_TYPE="HypPart2" SUBS_CONTENT="financial"/><SP/><String HEIGHT="26" CONTENT="disintermediation" WIDTH="205" HPOS="976" VPOS="1170" ID="st5-670"/><SP/><String HEIGHT="26" CONTENT="typically" WIDTH="94" HPOS="1198" VPOS="1170" ID="st5-671"/><SP/><String HEIGHT="26" CONTENT="generates" WIDTH="116" HPOS="1309" VPOS="1170" ID="st5-672"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1442" VPOS="1170" ID="st5-673"/></TextLine><TextLine HPOS="875" VPOS="1203" ID="tl5-85" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="reduction" WIDTH="113" HPOS="875" VPOS="1203" ID="st5-674"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1000" VPOS="1203" ID="st5-675"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1033" VPOS="1203" ID="st5-676"/><SP/><String HEIGHT="26" CONTENT="demand" WIDTH="97" HPOS="1083" VPOS="1203" ID="st5-677"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="1192" VPOS="1203" ID="st5-678"/><SP/><String HEIGHT="26" CONTENT="domestic" WIDTH="107" HPOS="1237" VPOS="1203" ID="st5-679"/><SP/><String HEIGHT="26" CONTENT="currency" WIDTH="100" HPOS="1356" VPOS="1203" ID="st5-680"/></TextLine><TextLine HPOS="875" VPOS="1236" ID="tl5-86" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="875" VPOS="1236" ID="st5-681"/><SP/><String HEIGHT="27" CONTENT="public" WIDTH="71" HPOS="930" VPOS="1236" ID="st5-682"/><SP/><String HEIGHT="27" CONTENT="bonds" WIDTH="66" HPOS="1010" VPOS="1236" ID="st5-683"/><String HEIGHT="27" CONTENT="." WIDTH="14" HPOS="1076" VPOS="1236" ID="st5-684"/><SP/><String HEIGHT="27" CONTENT="The" WIDTH="44" HPOS="1099" VPOS="1236" ID="st5-685"/><SP/><String HEIGHT="27" CONTENT="behavior" WIDTH="102" HPOS="1152" VPOS="1236" ID="st5-686"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="1263" VPOS="1236" ID="st5-687"/><SP/><String HEIGHT="27" CONTENT="similar" WIDTH="76" HPOS="1289" VPOS="1236" ID="st5-688"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="1374" VPOS="1236" ID="st5-689"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="1408" VPOS="1236" ID="st5-690"/></TextLine><TextLine HPOS="875" VPOS="1270" ID="tl5-87" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="observed" WIDTH="107" HPOS="875" VPOS="1270" ID="st5-691"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="995" VPOS="1270" ID="st5-692"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1030" VPOS="1270" ID="st5-693"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="1142" VPOS="1270" ID="st5-694"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1218" VPOS="1270" ID="st5-695"/><SP/><String HEIGHT="26" CONTENT="developed" WIDTH="122" HPOS="1253" VPOS="1270" ID="st5-696"/><SP/><String HEIGHT="26" CONTENT="coun" WIDTH="55" HPOS="1388" VPOS="1270" ID="st5-697" SUBS_TYPE="HypPart1" SUBS_CONTENT="countries"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="1270" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1303" ID="tl5-88" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="tries" WIDTH="50" HPOS="875" VPOS="1303" ID="st5-698" SUBS_TYPE="HypPart2" SUBS_CONTENT="countries"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="940" VPOS="1303" ID="st5-699"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="977" VPOS="1303" ID="st5-700"/><SP/><String HEIGHT="26" CONTENT="sense" WIDTH="65" HPOS="1030" VPOS="1303" ID="st5-701"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="1110" VPOS="1303" ID="st5-702"/><SP/><String HEIGHT="26" CONTENT="agents" WIDTH="79" HPOS="1173" VPOS="1303" ID="st5-703"/><SP/><String HEIGHT="26" CONTENT="run" WIDTH="40" HPOS="1267" VPOS="1303" ID="st5-704"/><SP/><String HEIGHT="26" CONTENT="away" WIDTH="62" HPOS="1322" VPOS="1303" ID="st5-705"/><SP/><String HEIGHT="26" CONTENT="from" WIDTH="57" HPOS="1399" VPOS="1303" ID="st5-706"/></TextLine><TextLine HPOS="875" VPOS="1336" ID="tl5-89" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="risky" WIDTH="53" HPOS="875" VPOS="1336" ID="st5-707"/><SP/><String HEIGHT="27" CONTENT="assets" WIDTH="66" HPOS="939" VPOS="1336" ID="st5-708"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="1005" VPOS="1336" ID="st5-709"/><SP/><String HEIGHT="27" CONTENT="The" WIDTH="43" HPOS="1028" VPOS="1336" ID="st5-710"/><SP/><String HEIGHT="27" CONTENT="key" WIDTH="40" HPOS="1083" VPOS="1336" ID="st5-711"/><SP/><String HEIGHT="27" CONTENT="difference" WIDTH="119" HPOS="1134" VPOS="1336" ID="st5-712"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="1264" VPOS="1336" ID="st5-713"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="1293" VPOS="1336" ID="st5-714"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1352" VPOS="1336" ID="st5-715"/><SP/><String HEIGHT="27" CONTENT="devel" WIDTH="60" HPOS="1385" VPOS="1336" ID="st5-716" SUBS_TYPE="HypPart1" SUBS_CONTENT="developing"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="1336" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="1370" ID="tl5-90" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="oping" WIDTH="69" HPOS="875" VPOS="1370" ID="st5-717" SUBS_TYPE="HypPart2" SUBS_CONTENT="developing"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="107" HPOS="957" VPOS="1370" ID="st5-718"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1077" VPOS="1370" ID="st5-719"/><SP/><String HEIGHT="26" CONTENT="set" WIDTH="34" HPOS="1129" VPOS="1370" ID="st5-720"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1176" VPOS="1370" ID="st5-721"/><SP/><String HEIGHT="26" CONTENT="risky" WIDTH="53" HPOS="1213" VPOS="1370" ID="st5-722"/><SP/><String HEIGHT="26" CONTENT="assets" WIDTH="70" HPOS="1278" VPOS="1370" ID="st5-723"/><SP/><String HEIGHT="26" CONTENT="includes" WIDTH="95" HPOS="1361" VPOS="1370" ID="st5-724"/></TextLine><TextLine HPOS="875" VPOS="1403" ID="tl5-91" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="public" WIDTH="72" HPOS="875" VPOS="1403" ID="st5-725"/><SP/><String HEIGHT="26" CONTENT="bonds" WIDTH="73" HPOS="968" VPOS="1403" ID="st5-726"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1062" VPOS="1403" ID="st5-727"/><SP/><String HEIGHT="26" CONTENT="domestic" WIDTH="106" HPOS="1128" VPOS="1403" ID="st5-728"/><SP/><String HEIGHT="26" CONTENT="corporate" WIDTH="114" HPOS="1256" VPOS="1403" ID="st5-729"/><SP/><String HEIGHT="26" CONTENT="debts" WIDTH="65" HPOS="1391" VPOS="1403" ID="st5-730"/></TextLine><TextLine HPOS="875" VPOS="1436" ID="tl5-92" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="which" WIDTH="72" HPOS="875" VPOS="1436" ID="st5-731"/><SP/><String HEIGHT="27" CONTENT="are" WIDTH="37" HPOS="955" VPOS="1436" ID="st5-732"/><SP/><String HEIGHT="27" CONTENT="all" WIDTH="27" HPOS="999" VPOS="1436" ID="st5-733"/><SP/><String HEIGHT="27" CONTENT="subject" WIDTH="83" HPOS="1034" VPOS="1436" ID="st5-734"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="1125" VPOS="1436" ID="st5-735"/><SP/><String HEIGHT="27" CONTENT="country" WIDTH="89" HPOS="1158" VPOS="1436" ID="st5-736"/><SP/><String HEIGHT="27" CONTENT="risk" WIDTH="38" HPOS="1255" VPOS="1436" ID="st5-737"/><String HEIGHT="27" CONTENT="." WIDTH="10" HPOS="1293" VPOS="1436" ID="st5-738"/><SP/><String HEIGHT="27" CONTENT="The" WIDTH="43" HPOS="1311" VPOS="1436" ID="st5-739"/><SP/><String HEIGHT="27" CONTENT="flight" WIDTH="62" HPOS="1362" VPOS="1436" ID="st5-740"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="24" HPOS="1432" VPOS="1436" ID="st5-741"/></TextLine><TextLine HPOS="875" VPOS="1470" ID="tl5-93" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="quality" WIDTH="79" HPOS="875" VPOS="1470" ID="st5-742"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="963" VPOS="1470" ID="st5-743"/><SP/><String HEIGHT="26" CONTENT="thus" WIDTH="51" HPOS="989" VPOS="1470" ID="st5-744"/><SP/><String HEIGHT="26" CONTENT="funneled" WIDTH="105" HPOS="1049" VPOS="1470" ID="st5-745"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="1163" VPOS="1470" ID="st5-746"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1196" VPOS="1470" ID="st5-747"/><SP/><String HEIGHT="26" CONTENT="demand" WIDTH="97" HPOS="1244" VPOS="1470" ID="st5-748"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="1350" VPOS="1470" ID="st5-749"/><SP/><String HEIGHT="26" CONTENT="mon" WIDTH="48" HPOS="1393" VPOS="1470" ID="st5-750" SUBS_TYPE="HypPart1" SUBS_CONTENT="money"/><HYP CONTENT="-" WIDTH="15" HPOS="1441" VPOS="1470" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1503" ID="tl5-94" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="ey" WIDTH="27" HPOS="875" VPOS="1503" ID="st5-751" SUBS_TYPE="HypPart2" SUBS_CONTENT="money"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="914" VPOS="1503" ID="st5-752"/><SP/><String HEIGHT="26" CONTENT="public" WIDTH="71" HPOS="970" VPOS="1503" ID="st5-753"/><SP/><String HEIGHT="26" CONTENT="bonds" WIDTH="73" HPOS="1053" VPOS="1503" ID="st5-754"/><SP/><String HEIGHT="26" CONTENT="from" WIDTH="57" HPOS="1138" VPOS="1503" ID="st5-755"/><SP/><String HEIGHT="26" CONTENT="developed" WIDTH="122" HPOS="1206" VPOS="1503" ID="st5-756"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="104" HPOS="1340" VPOS="1503" ID="st5-757"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1444" VPOS="1503" ID="st5-758"/></TextLine><TextLine HPOS="875" VPOS="1536" ID="tl5-95" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="In" WIDTH="22" HPOS="875" VPOS="1536" ID="st5-759"/><SP/><String HEIGHT="27" CONTENT="developing" WIDTH="130" HPOS="910" VPOS="1536" ID="st5-760"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="105" HPOS="1052" VPOS="1536" ID="st5-761"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="1157" VPOS="1536" ID="st5-762"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="1181" VPOS="1536" ID="st5-763"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="63" HPOS="1293" VPOS="1536" ID="st5-764"/><SP/><String HEIGHT="27" CONTENT="lead" WIDTH="49" HPOS="1369" VPOS="1536" ID="st5-765"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="1431" VPOS="1536" ID="st5-766"/></TextLine><TextLine HPOS="875" VPOS="1570" ID="tl5-96" WIDTH="196" HEIGHT="26"><String HEIGHT="26" CONTENT="capital" WIDTH="78" HPOS="875" VPOS="1570" ID="st5-767"/><SP/><String HEIGHT="26" CONTENT="outflows" WIDTH="97" HPOS="961" VPOS="1570" ID="st5-768"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="1058" VPOS="1570" ID="st5-769"/></TextLine><TextLine HPOS="875" VPOS="1620" ID="tl5-97" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="875" VPOS="1620" ID="st5-770"/><SP/><String HEIGHT="26" CONTENT="repercussions" WIDTH="159" HPOS="928" VPOS="1620" ID="st5-771"/><SP/><String HEIGHT="26" CONTENT="via" WIDTH="33" HPOS="1096" VPOS="1620" ID="st5-772"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1138" VPOS="1620" ID="st5-773"/><SP/><String HEIGHT="26" CONTENT="contraction" WIDTH="134" HPOS="1186" VPOS="1620" ID="st5-774"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1330" VPOS="1620" ID="st5-775"/><SP/><String HEIGHT="26" CONTENT="interna" WIDTH="81" HPOS="1364" VPOS="1620" ID="st5-776" SUBS_TYPE="HypPart1" SUBS_CONTENT="international"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="1620" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1653" ID="tl5-98" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="tional" WIDTH="67" HPOS="875" VPOS="1653" ID="st5-777" SUBS_TYPE="HypPart2" SUBS_CONTENT="international"/><SP/><String HEIGHT="26" CONTENT="trade" WIDTH="62" HPOS="952" VPOS="1653" ID="st5-778"/><SP/><String HEIGHT="26" CONTENT="also" WIDTH="46" HPOS="1024" VPOS="1653" ID="st5-779"/><SP/><String HEIGHT="26" CONTENT="induce" WIDTH="79" HPOS="1080" VPOS="1653" ID="st5-780"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1169" VPOS="1653" ID="st5-781"/><SP/><String HEIGHT="26" CONTENT="worsening" WIDTH="123" HPOS="1193" VPOS="1653" ID="st5-782"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1326" VPOS="1653" ID="st5-783"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1361" VPOS="1653" ID="st5-784"/><SP/><String HEIGHT="26" CONTENT="cur" WIDTH="35" HPOS="1410" VPOS="1653" ID="st5-785" SUBS_TYPE="HypPart1" SUBS_CONTENT="current"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="1653" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1686" ID="tl5-99" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="rent" WIDTH="48" HPOS="875" VPOS="1686" ID="st5-786" SUBS_TYPE="HypPart2" SUBS_CONTENT="current"/><SP/><String HEIGHT="27" CONTENT="account" WIDTH="89" HPOS="933" VPOS="1686" ID="st5-787"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="1022" VPOS="1686" ID="st5-788"/><SP/><String HEIGHT="27" CONTENT="In" WIDTH="22" HPOS="1044" VPOS="1686" ID="st5-789"/><SP/><String HEIGHT="27" CONTENT="most" WIDTH="59" HPOS="1075" VPOS="1686" ID="st5-790"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1143" VPOS="1686" ID="st5-791"/><SP/><String HEIGHT="27" CONTENT="developing" WIDTH="129" HPOS="1178" VPOS="1686" ID="st5-792"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="103" HPOS="1317" VPOS="1686" ID="st5-793"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="1420" VPOS="1686" ID="st5-794"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="1442" VPOS="1686" ID="st5-795"/></TextLine><TextLine HPOS="875" VPOS="1720" ID="tl5-100" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="significant" WIDTH="121" HPOS="875" VPOS="1720" ID="st5-796"/><SP/><String HEIGHT="26" CONTENT="proportion" WIDTH="127" HPOS="1006" VPOS="1720" ID="st5-797"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1143" VPOS="1720" ID="st5-798"/><SP/><String HEIGHT="26" CONTENT="imports" WIDTH="90" HPOS="1178" VPOS="1720" ID="st5-799"/><SP/><String HEIGHT="26" CONTENT="corresponds" WIDTH="143" HPOS="1278" VPOS="1720" ID="st5-800"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1431" VPOS="1720" ID="st5-801"/></TextLine><TextLine HPOS="875" VPOS="1753" ID="tl5-101" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="manufactured" WIDTH="167" HPOS="875" VPOS="1753" ID="st5-802"/><SP/><String HEIGHT="26" CONTENT="goods" WIDTH="66" HPOS="1058" VPOS="1753" ID="st5-803"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="1124" VPOS="1753" ID="st5-804"/><SP/><String HEIGHT="26" CONTENT="whereas" WIDTH="99" HPOS="1154" VPOS="1753" ID="st5-805"/><SP/><String HEIGHT="26" CONTENT="exports" WIDTH="86" HPOS="1269" VPOS="1753" ID="st5-806"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="1371" VPOS="1753" ID="st5-807"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1442" VPOS="1753" ID="st5-808"/></TextLine><TextLine HPOS="875" VPOS="1786" ID="tl5-102" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="relatively" WIDTH="104" HPOS="875" VPOS="1786" ID="st5-809"/><SP/><String HEIGHT="27" CONTENT="higher" WIDTH="76" HPOS="999" VPOS="1786" ID="st5-810"/><SP/><String HEIGHT="27" CONTENT="component" WIDTH="135" HPOS="1096" VPOS="1786" ID="st5-811"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="1252" VPOS="1786" ID="st5-812"/><SP/><String HEIGHT="27" CONTENT="commodities" WIDTH="145" HPOS="1297" VPOS="1786" ID="st5-813"/><String HEIGHT="27" CONTENT="." WIDTH="14" HPOS="1442" VPOS="1786" ID="st5-814"/></TextLine><TextLine HPOS="875" VPOS="1820" ID="tl5-103" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="Since" WIDTH="62" HPOS="875" VPOS="1820" ID="st5-815"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="961" VPOS="1820" ID="st5-816"/><SP/><String HEIGHT="26" CONTENT="price" WIDTH="52" HPOS="1024" VPOS="1820" ID="st5-817"/><String HEIGHT="26" CONTENT="-" WIDTH="10" HPOS="1076" VPOS="1820" ID="st5-818"/><String HEIGHT="26" CONTENT="elasticity" WIDTH="105" HPOS="1086" VPOS="1820" ID="st5-819"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1215" VPOS="1820" ID="st5-820"/><SP/><String HEIGHT="26" CONTENT="commodities" WIDTH="151" HPOS="1264" VPOS="1820" ID="st5-821"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="1439" VPOS="1820" ID="st5-822"/></TextLine><TextLine HPOS="875" VPOS="1853" ID="tl5-104" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="greater" WIDTH="86" HPOS="875" VPOS="1853" ID="st5-823"/><SP/><String HEIGHT="26" CONTENT="than" WIDTH="54" HPOS="971" VPOS="1853" ID="st5-824"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="1035" VPOS="1853" ID="st5-825"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1093" VPOS="1853" ID="st5-826"/><SP/><String HEIGHT="26" CONTENT="manufacture" WIDTH="151" HPOS="1128" VPOS="1853" ID="st5-827"/><SP/><String HEIGHT="26" CONTENT="goods" WIDTH="67" HPOS="1289" VPOS="1853" ID="st5-828"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="1356" VPOS="1853" ID="st5-829"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1380" VPOS="1853" ID="st5-830"/><SP/><String HEIGHT="26" CONTENT="con" WIDTH="39" HPOS="1404" VPOS="1853" ID="st5-831" SUBS_TYPE="HypPart1" SUBS_CONTENT="contraction"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="1853" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1886" ID="tl5-105" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="traction" WIDTH="92" HPOS="875" VPOS="1886" ID="st5-832" SUBS_TYPE="HypPart2" SUBS_CONTENT="contraction"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="979" VPOS="1886" ID="st5-833"/><SP/><String HEIGHT="27" CONTENT="international" WIDTH="149" HPOS="1013" VPOS="1886" ID="st5-834"/><SP/><String HEIGHT="27" CONTENT="trade" WIDTH="62" HPOS="1174" VPOS="1886" ID="st5-835"/><SP/><String HEIGHT="27" CONTENT="affects" WIDTH="79" HPOS="1248" VPOS="1886" ID="st5-836"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1339" VPOS="1886" ID="st5-837"/><SP/><String HEIGHT="27" CONTENT="terms" WIDTH="66" HPOS="1390" VPOS="1886" ID="st5-838"/></TextLine><TextLine HPOS="875" VPOS="1920" ID="tl5-106" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="875" VPOS="1920" ID="st5-839"/><SP/><String HEIGHT="26" CONTENT="trade" WIDTH="61" HPOS="911" VPOS="1920" ID="st5-840"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="983" VPOS="1920" ID="st5-841"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="129" HPOS="1018" VPOS="1920" ID="st5-842"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="1158" VPOS="1920" ID="st5-843"/><SP/><String HEIGHT="26" CONTENT="negatively" WIDTH="114" HPOS="1276" VPOS="1920" ID="st5-844"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1390" VPOS="1920" ID="st5-845"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="1413" VPOS="1920" ID="st5-846"/></TextLine><TextLine HPOS="875" VPOS="1953" ID="tl5-107" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="combination" WIDTH="149" HPOS="875" VPOS="1953" ID="st5-847"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1034" VPOS="1953" ID="st5-848"/><SP/><String HEIGHT="26" CONTENT="capital" WIDTH="77" HPOS="1069" VPOS="1953" ID="st5-849"/><SP/><String HEIGHT="26" CONTENT="outflows" WIDTH="103" HPOS="1157" VPOS="1953" ID="st5-850"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1270" VPOS="1953" ID="st5-851"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="84" HPOS="1326" VPOS="1953" ID="st5-852"/><SP/><String HEIGHT="26" CONTENT="ac" WIDTH="24" HPOS="1421" VPOS="1953" ID="st5-853" SUBS_TYPE="HypPart1" SUBS_CONTENT="account"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="1953" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1986" ID="tl5-108" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="count" WIDTH="69" HPOS="875" VPOS="1986" ID="st5-854" SUBS_TYPE="HypPart2" SUBS_CONTENT="account"/><SP/><String HEIGHT="27" CONTENT="deterioration" WIDTH="153" HPOS="957" VPOS="1986" ID="st5-855"/><SP/><String HEIGHT="27" CONTENT="leads" WIDTH="61" HPOS="1123" VPOS="1986" ID="st5-856"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="1197" VPOS="1986" ID="st5-857"/><SP/><String HEIGHT="27" CONTENT="domestic" WIDTH="106" HPOS="1236" VPOS="1986" ID="st5-858"/><SP/><String HEIGHT="27" CONTENT="currency" WIDTH="100" HPOS="1356" VPOS="1986" ID="st5-859"/></TextLine><TextLine HPOS="875" VPOS="2020" ID="tl5-109" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="depreciation" WIDTH="147" HPOS="875" VPOS="2020" ID="st5-860"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1033" VPOS="2020" ID="st5-861"/><SP/><String HEIGHT="26" CONTENT="depreciation" WIDTH="146" HPOS="1089" VPOS="2020" ID="st5-862"/><SP/><String HEIGHT="26" CONTENT="expectations" WIDTH="144" HPOS="1246" VPOS="2020" ID="st5-863"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1390" VPOS="2020" ID="st5-864"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="1413" VPOS="2020" ID="st5-865"/></TextLine><TextLine HPOS="875" VPOS="2053" ID="tl5-110" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="latter" WIDTH="62" HPOS="875" VPOS="2053" ID="st5-866"/><SP/><String HEIGHT="26" CONTENT="induce" WIDTH="79" HPOS="950" VPOS="2053" ID="st5-867"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1041" VPOS="2053" ID="st5-868"/><SP/><String HEIGHT="26" CONTENT="turn" WIDTH="50" HPOS="1075" VPOS="2053" ID="st5-869"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1137" VPOS="2053" ID="st5-870"/><SP/><String HEIGHT="26" CONTENT="further" WIDTH="82" HPOS="1164" VPOS="2053" ID="st5-871"/><SP/><String HEIGHT="26" CONTENT="reduction" WIDTH="113" HPOS="1258" VPOS="2053" ID="st5-872"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1383" VPOS="2053" ID="st5-873"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="2053" ID="st5-874"/></TextLine></TextBlock></PrintSpace></Page><Page WIDTH="1652" PHYSICAL_IMG_NR="6" ID="p671708" HEIGHT="2338"><PrintSpace WIDTH="1652" HPOS="0" VPOS="0" ID="ps671708" HEIGHT="2338"><TextBlock WIDTH="1652" HPOS="0" VPOS="0" ID="tb671708" HEIGHT="2338"><TextLine HPOS="197" VPOS="103" ID="tl6-0" WIDTH="1224" HEIGHT="21"><String HEIGHT="21" CONTENT="Reflections" WIDTH="96" HPOS="197" VPOS="103" ID="st6-0"/><SP/><String HEIGHT="21" CONTENT="on" WIDTH="24" HPOS="299" VPOS="103" ID="st6-1"/><SP/><String HEIGHT="21" CONTENT="the" WIDTH="30" HPOS="328" VPOS="103" ID="st6-2"/><SP/><String HEIGHT="21" CONTENT="Current" WIDTH="70" HPOS="362" VPOS="103" ID="st6-3"/><SP/><String HEIGHT="21" CONTENT="Global" WIDTH="59" HPOS="437" VPOS="103" ID="st6-4"/><SP/><String HEIGHT="21" CONTENT="Crisis" WIDTH="47" HPOS="501" VPOS="103" ID="st6-5"/><SP/><String HEIGHT="21" CONTENT="FES" WIDTH="32" HPOS="670" VPOS="103" ID="st6-6"/><SP/><String HEIGHT="21" CONTENT="Briefing" WIDTH="72" HPOS="709" VPOS="103" ID="st6-7"/><SP/><String HEIGHT="21" CONTENT="Paper" WIDTH="53" HPOS="788" VPOS="103" ID="st6-8"/><SP/><String HEIGHT="21" CONTENT="6" WIDTH="12" HPOS="847" VPOS="103" ID="st6-9"/><String HEIGHT="21" CONTENT="|" WIDTH="5" HPOS="865" VPOS="103" ID="st6-10"/><SP/><String HEIGHT="21" CONTENT="May" WIDTH="41" HPOS="876" VPOS="103" ID="st6-11"/><SP/><String HEIGHT="21" CONTENT="2009" WIDTH="50" HPOS="923" VPOS="103" ID="st6-12"/><SP/><String HEIGHT="21" CONTENT="Page" WIDTH="45" HPOS="1376" VPOS="103" ID="st6-13"/></TextLine><TextLine HPOS="1439" VPOS="104" ID="tl6-1" WIDTH="12" HEIGHT="21"><String HEIGHT="21" CONTENT="6" WIDTH="12" HPOS="1439" VPOS="104" ID="st6-14"/></TextLine><TextLine HPOS="197" VPOS="204" ID="tl6-2" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="demand" WIDTH="97" HPOS="197" VPOS="204" ID="st6-15"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="308" VPOS="204" ID="st6-16"/><SP/><String HEIGHT="26" CONTENT="domestic" WIDTH="107" HPOS="356" VPOS="204" ID="st6-17"/><SP/><String HEIGHT="26" CONTENT="currency" WIDTH="100" HPOS="477" VPOS="204" ID="st6-18"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="591" VPOS="204" ID="st6-19"/><SP/><String HEIGHT="26" CONTENT="thus" WIDTH="51" HPOS="650" VPOS="204" ID="st6-20"/><SP/><String HEIGHT="26" CONTENT="more" WIDTH="62" HPOS="715" VPOS="204" ID="st6-21"/></TextLine><TextLine HPOS="197" VPOS="237" ID="tl6-3" WIDTH="195" HEIGHT="26"><String HEIGHT="26" CONTENT="capital" WIDTH="77" HPOS="197" VPOS="237" ID="st6-22"/><SP/><String HEIGHT="26" CONTENT="outflows" WIDTH="97" HPOS="282" VPOS="237" ID="st6-23"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="379" VPOS="237" ID="st6-24"/></TextLine><TextLine HPOS="197" VPOS="287" ID="tl6-4" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="197" VPOS="287" ID="st6-25"/><SP/><String HEIGHT="26" CONTENT="portfolio" WIDTH="102" HPOS="254" VPOS="287" ID="st6-26"/><SP/><String HEIGHT="26" CONTENT="shift" WIDTH="51" HPOS="369" VPOS="287" ID="st6-27"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="434" VPOS="287" ID="st6-28"/><SP/><String HEIGHT="26" CONTENT="local" WIDTH="54" HPOS="473" VPOS="287" ID="st6-29"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="541" VPOS="287" ID="st6-30"/><SP/><String HEIGHT="26" CONTENT="foreign" WIDTH="84" HPOS="600" VPOS="287" ID="st6-31"/><SP/><String HEIGHT="26" CONTENT="agents" WIDTH="79" HPOS="698" VPOS="287" ID="st6-32"/></TextLine><TextLine HPOS="197" VPOS="320" ID="tl6-5" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="against" WIDTH="84" HPOS="197" VPOS="320" ID="st6-33"/><SP/><String HEIGHT="27" CONTENT="domestic" WIDTH="106" HPOS="291" VPOS="320" ID="st6-34"/><SP/><String HEIGHT="27" CONTENT="assets" WIDTH="69" HPOS="407" VPOS="320" ID="st6-35"/><SP/><String HEIGHT="27" CONTENT="reduces" WIDTH="92" HPOS="485" VPOS="320" ID="st6-36"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="586" VPOS="320" ID="st6-37"/><SP/><String HEIGHT="27" CONTENT="supply" WIDTH="75" HPOS="634" VPOS="320" ID="st6-38"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="718" VPOS="320" ID="st6-39"/><SP/><String HEIGHT="27" CONTENT="fi" WIDTH="17" HPOS="752" VPOS="320" ID="st6-40" SUBS_TYPE="HypPart1" SUBS_CONTENT="finance"/><HYP CONTENT="-" WIDTH="8" HPOS="769" VPOS="320" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="354" ID="tl6-6" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="nance" WIDTH="71" HPOS="197" VPOS="354" ID="st6-41" SUBS_TYPE="HypPart2" SUBS_CONTENT="finance"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="277" VPOS="354" ID="st6-42"/><SP/><String HEIGHT="26" CONTENT="governments" WIDTH="148" HPOS="321" VPOS="354" ID="st6-43"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="469" VPOS="354" ID="st6-44"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="493" VPOS="354" ID="st6-45"/><SP/><String HEIGHT="26" CONTENT="resulting" WIDTH="102" HPOS="546" VPOS="354" ID="st6-46"/><SP/><String HEIGHT="26" CONTENT="rise" WIDTH="40" HPOS="657" VPOS="354" ID="st6-47"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="707" VPOS="354" ID="st6-48"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="739" VPOS="354" ID="st6-49"/></TextLine><TextLine HPOS="197" VPOS="387" ID="tl6-7" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="cost" WIDTH="47" HPOS="197" VPOS="387" ID="st6-50"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="254" VPOS="387" ID="st6-51"/><SP/><String HEIGHT="26" CONTENT="finance" WIDTH="86" HPOS="289" VPOS="387" ID="st6-52"/><SP/><String HEIGHT="26" CONTENT="together" WIDTH="102" HPOS="385" VPOS="387" ID="st6-53"/><SP/><String HEIGHT="26" CONTENT="with" WIDTH="53" HPOS="497" VPOS="387" ID="st6-54"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="560" VPOS="387" ID="st6-55"/><SP/><String HEIGHT="26" CONTENT="contraction" WIDTH="135" HPOS="608" VPOS="387" ID="st6-56"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="753" VPOS="387" ID="st6-57"/></TextLine><TextLine HPOS="197" VPOS="420" ID="tl6-8" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="tax" WIDTH="35" HPOS="197" VPOS="420" ID="st6-58"/><SP/><String HEIGHT="27" CONTENT="revenues" WIDTH="105" HPOS="249" VPOS="420" ID="st6-59"/><SP/><String HEIGHT="27" CONTENT="due" WIDTH="45" HPOS="371" VPOS="420" ID="st6-60"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="24" HPOS="433" VPOS="420" ID="st6-61"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="474" VPOS="420" ID="st6-62"/><SP/><String HEIGHT="27" CONTENT="recessive" WIDTH="103" HPOS="530" VPOS="420" ID="st6-63"/><SP/><String HEIGHT="27" CONTENT="tendencies" WIDTH="127" HPOS="650" VPOS="420" ID="st6-64"/></TextLine><TextLine HPOS="197" VPOS="454" ID="tl6-9" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="forces" WIDTH="71" HPOS="197" VPOS="454" ID="st6-65"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="278" VPOS="454" ID="st6-66"/><SP/><String HEIGHT="26" CONTENT="authorities" WIDTH="125" HPOS="328" VPOS="454" ID="st6-67"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="463" VPOS="454" ID="st6-68"/><SP/><String HEIGHT="26" CONTENT="cut" WIDTH="37" HPOS="499" VPOS="454" ID="st6-69"/><SP/><String HEIGHT="26" CONTENT="public" WIDTH="71" HPOS="547" VPOS="454" ID="st6-70"/><SP/><String HEIGHT="26" CONTENT="expenditure" WIDTH="135" HPOS="629" VPOS="454" ID="st6-71"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="764" VPOS="454" ID="st6-72"/></TextLine><TextLine HPOS="197" VPOS="487" ID="tl6-10" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="197" VPOS="487" ID="st6-73"/><SP/><String HEIGHT="26" CONTENT="result" WIDTH="65" HPOS="251" VPOS="487" ID="st6-74"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="327" VPOS="487" ID="st6-75"/><SP/><String HEIGHT="26" CONTENT="just" WIDTH="41" HPOS="355" VPOS="487" ID="st6-76"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="407" VPOS="487" ID="st6-77"/><SP/><String HEIGHT="26" CONTENT="opposite" WIDTH="102" HPOS="457" VPOS="487" ID="st6-78"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="570" VPOS="487" ID="st6-79"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="606" VPOS="487" ID="st6-80"/><SP/><String HEIGHT="26" CONTENT="developed" WIDTH="122" HPOS="655" VPOS="487" ID="st6-81"/></TextLine><TextLine HPOS="197" VPOS="520" ID="tl6-11" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="countries" WIDTH="108" HPOS="197" VPOS="520" ID="st6-82"/><SP/><String HEIGHT="27" CONTENT="case" WIDTH="46" HPOS="314" VPOS="520" ID="st6-83"/><String HEIGHT="27" CONTENT=":" WIDTH="12" HPOS="360" VPOS="520" ID="st6-84"/><SP/><String HEIGHT="27" CONTENT="at" WIDTH="23" HPOS="381" VPOS="520" ID="st6-85"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="413" VPOS="520" ID="st6-86"/><SP/><String HEIGHT="27" CONTENT="outset" WIDTH="74" HPOS="460" VPOS="520" ID="st6-87"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="543" VPOS="520" ID="st6-88"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="577" VPOS="520" ID="st6-89"/><SP/><String HEIGHT="27" CONTENT="recession" WIDTH="103" HPOS="600" VPOS="520" ID="st6-90"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="703" VPOS="520" ID="st6-91"/><SP/><String HEIGHT="27" CONTENT="gov" WIDTH="40" HPOS="724" VPOS="520" ID="st6-92" SUBS_TYPE="HypPart1" SUBS_CONTENT="governments"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="520" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="554" ID="tl6-12" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="ernments" WIDTH="111" HPOS="197" VPOS="554" ID="st6-93" SUBS_TYPE="HypPart2" SUBS_CONTENT="governments"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="320" VPOS="554" ID="st6-94"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="129" HPOS="354" VPOS="554" ID="st6-95"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="109" HPOS="495" VPOS="554" ID="st6-96"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="616" VPOS="554" ID="st6-97"/><SP/><String HEIGHT="26" CONTENT="forced" WIDTH="76" HPOS="665" VPOS="554" ID="st6-98"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="753" VPOS="554" ID="st6-99"/></TextLine><TextLine HPOS="197" VPOS="587" ID="tl6-13" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="run" WIDTH="40" HPOS="197" VPOS="587" ID="st6-100"/><SP/><String HEIGHT="26" CONTENT="contractive" WIDTH="130" HPOS="246" VPOS="587" ID="st6-101"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="385" VPOS="587" ID="st6-102"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="86" HPOS="453" VPOS="587" ID="st6-103"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="549" VPOS="587" ID="st6-104"/><SP/><String HEIGHT="26" CONTENT="raise" WIDTH="54" HPOS="603" VPOS="587" ID="st6-105"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="666" VPOS="587" ID="st6-106"/><SP/><String HEIGHT="26" CONTENT="inter" WIDTH="53" HPOS="714" VPOS="587" ID="st6-107" SUBS_TYPE="HypPart1" SUBS_CONTENT="interest"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="587" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="620" ID="tl6-14" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="est" WIDTH="34" HPOS="197" VPOS="620" ID="st6-108" SUBS_TYPE="HypPart2" SUBS_CONTENT="interest"/><SP/><String HEIGHT="27" CONTENT="rates" WIDTH="53" HPOS="243" VPOS="620" ID="st6-109"/><String HEIGHT="27" CONTENT="." WIDTH="11" HPOS="296" VPOS="620" ID="st6-110"/><SP/><String HEIGHT="27" CONTENT="This" WIDTH="46" HPOS="320" VPOS="620" ID="st6-111"/><SP/><String HEIGHT="27" CONTENT="has" WIDTH="40" HPOS="378" VPOS="620" ID="st6-112"/><SP/><String HEIGHT="27" CONTENT="traditionally" WIDTH="139" HPOS="430" VPOS="620" ID="st6-113"/><SP/><String HEIGHT="27" CONTENT="been" WIDTH="59" HPOS="581" VPOS="620" ID="st6-114"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="652" VPOS="620" ID="st6-115"/><SP/><String HEIGHT="27" CONTENT="condi" WIDTH="62" HPOS="703" VPOS="620" ID="st6-116" SUBS_TYPE="HypPart1" SUBS_CONTENT="conditionality"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="620" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="654" ID="tl6-15" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="tionality" WIDTH="94" HPOS="197" VPOS="654" ID="st6-117" SUBS_TYPE="HypPart2" SUBS_CONTENT="conditionality"/><SP/><String HEIGHT="26" CONTENT="demanded" WIDTH="127" HPOS="299" VPOS="654" ID="st6-118"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="27" HPOS="435" VPOS="654" ID="st6-119"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="471" VPOS="654" ID="st6-120"/><SP/><String HEIGHT="26" CONTENT="IMF" WIDTH="43" HPOS="518" VPOS="654" ID="st6-121"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="570" VPOS="654" ID="st6-122"/><SP/><String HEIGHT="26" CONTENT="its" WIDTH="27" HPOS="600" VPOS="654" ID="st6-123"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="635" VPOS="654" ID="st6-124"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="23" HPOS="743" VPOS="654" ID="st6-125" SUBS_TYPE="HypPart1" SUBS_CONTENT="assistance"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="654" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="687" ID="tl6-16" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="sistance" WIDTH="92" HPOS="197" VPOS="687" ID="st6-126" SUBS_TYPE="HypPart2" SUBS_CONTENT="assistance"/><SP/><String HEIGHT="26" CONTENT="programs" WIDTH="107" HPOS="302" VPOS="687" ID="st6-127"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="409" VPOS="687" ID="st6-128"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="436" VPOS="687" ID="st6-129"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="492" VPOS="687" ID="st6-130"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="47" HPOS="613" VPOS="687" ID="st6-131"/><SP/><String HEIGHT="26" CONTENT="agree" WIDTH="67" HPOS="673" VPOS="687" ID="st6-132"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="753" VPOS="687" ID="st6-133"/></TextLine><TextLine HPOS="197" VPOS="720" ID="tl6-17" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="run" WIDTH="40" HPOS="197" VPOS="720" ID="st6-134"/><SP/><String HEIGHT="27" CONTENT="austerity" WIDTH="101" HPOS="246" VPOS="720" ID="st6-135"/><SP/><String HEIGHT="27" CONTENT="fiscal" WIDTH="59" HPOS="356" VPOS="720" ID="st6-136"/><SP/><String HEIGHT="27" CONTENT="programs" WIDTH="112" HPOS="425" VPOS="720" ID="st6-137"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="547" VPOS="720" ID="st6-138"/><SP/><String HEIGHT="27" CONTENT="raise" WIDTH="54" HPOS="602" VPOS="720" ID="st6-139"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="665" VPOS="720" ID="st6-140"/><SP/><String HEIGHT="27" CONTENT="inter" WIDTH="53" HPOS="714" VPOS="720" ID="st6-141" SUBS_TYPE="HypPart1" SUBS_CONTENT="interest"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="720" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="754" ID="tl6-18" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="est" WIDTH="34" HPOS="197" VPOS="754" ID="st6-142" SUBS_TYPE="HypPart2" SUBS_CONTENT="interest"/><SP/><String HEIGHT="26" CONTENT="rates" WIDTH="54" HPOS="240" VPOS="754" ID="st6-143"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="294" VPOS="754" ID="st6-144"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="314" VPOS="754" ID="st6-145"/><SP/><String HEIGHT="26" CONTENT="thus" WIDTH="52" HPOS="368" VPOS="754" ID="st6-146"/><SP/><String HEIGHT="26" CONTENT="accentuate" WIDTH="130" HPOS="429" VPOS="754" ID="st6-147"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="568" VPOS="754" ID="st6-148"/><SP/><String HEIGHT="26" CONTENT="recessive" WIDTH="104" HPOS="616" VPOS="754" ID="st6-149"/><SP/><String HEIGHT="26" CONTENT="ten" WIDTH="36" HPOS="729" VPOS="754" ID="st6-150" SUBS_TYPE="HypPart1" SUBS_CONTENT="tendencies"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="754" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="787" ID="tl6-19" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="dencies" WIDTH="83" HPOS="197" VPOS="787" ID="st6-151" SUBS_TYPE="HypPart2" SUBS_CONTENT="tendencies"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="280" VPOS="787" ID="st6-152"/><SP/><String HEIGHT="26" CONTENT="do" WIDTH="31" HPOS="306" VPOS="787" ID="st6-153"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="40" HPOS="351" VPOS="787" ID="st6-154"/><SP/><String HEIGHT="26" CONTENT="generally" WIDTH="107" HPOS="405" VPOS="787" ID="st6-155"/><SP/><String HEIGHT="26" CONTENT="do" WIDTH="31" HPOS="526" VPOS="787" ID="st6-156"/><SP/><String HEIGHT="26" CONTENT="it" WIDTH="16" HPOS="570" VPOS="787" ID="st6-157"/><SP/><String HEIGHT="26" CONTENT="because" WIDTH="95" HPOS="600" VPOS="787" ID="st6-158"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="709" VPOS="787" ID="st6-159"/><SP/><String HEIGHT="26" CONTENT="an" WIDTH="29" HPOS="748" VPOS="787" ID="st6-160"/></TextLine><TextLine HPOS="197" VPOS="820" ID="tl6-20" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="ideological" WIDTH="126" HPOS="197" VPOS="820" ID="st6-161"/><SP/><String HEIGHT="27" CONTENT="bias" WIDTH="43" HPOS="334" VPOS="820" ID="st6-162"/><String HEIGHT="27" CONTENT="." WIDTH="11" HPOS="377" VPOS="820" ID="st6-163"/><SP/><String HEIGHT="27" CONTENT="Most" WIDTH="61" HPOS="399" VPOS="820" ID="st6-164"/><SP/><String HEIGHT="27" CONTENT="likely" WIDTH="56" HPOS="471" VPOS="820" ID="st6-165"/><String HEIGHT="27" CONTENT="," WIDTH="10" HPOS="527" VPOS="820" ID="st6-166"/><SP/><String HEIGHT="27" CONTENT="governments" WIDTH="155" HPOS="548" VPOS="820" ID="st6-167"/><SP/><String HEIGHT="27" CONTENT="con" WIDTH="39" HPOS="725" VPOS="820" ID="st6-168" SUBS_TYPE="HypPart1" SUBS_CONTENT="consider"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="820" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="854" ID="tl6-21" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="sider" WIDTH="55" HPOS="197" VPOS="854" ID="st6-169" SUBS_TYPE="HypPart2" SUBS_CONTENT="consider"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="262" VPOS="854" ID="st6-170"/><SP/><String HEIGHT="26" CONTENT="default" WIDTH="84" HPOS="310" VPOS="854" ID="st6-171"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="404" VPOS="854" ID="st6-172"/><SP/><String HEIGHT="26" CONTENT="public" WIDTH="71" HPOS="438" VPOS="854" ID="st6-173"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="519" VPOS="854" ID="st6-174"/><SP/><String HEIGHT="26" CONTENT="external" WIDTH="94" HPOS="574" VPOS="854" ID="st6-175"/><SP/><String HEIGHT="26" CONTENT="debts" WIDTH="64" HPOS="678" VPOS="854" ID="st6-176"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="25" HPOS="752" VPOS="854" ID="st6-177"/></TextLine><TextLine HPOS="197" VPOS="887" ID="tl6-22" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="a" WIDTH="13" HPOS="197" VPOS="887" ID="st6-178"/><SP/><String HEIGHT="26" CONTENT="worse" WIDTH="71" HPOS="221" VPOS="887" ID="st6-179"/><SP/><String HEIGHT="26" CONTENT="outcome" WIDTH="105" HPOS="302" VPOS="887" ID="st6-180"/><SP/><String HEIGHT="26" CONTENT="compared" WIDTH="119" HPOS="418" VPOS="887" ID="st6-181"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="547" VPOS="887" ID="st6-182"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="582" VPOS="887" ID="st6-183"/><SP/><String HEIGHT="26" CONTENT="recession" WIDTH="104" HPOS="606" VPOS="887" ID="st6-184"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="710" VPOS="887" ID="st6-185"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="733" VPOS="887" ID="st6-186"/></TextLine><TextLine HPOS="197" VPOS="920" ID="tl6-23" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="decide" WIDTH="77" HPOS="197" VPOS="920" ID="st6-187"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="283" VPOS="920" ID="st6-188"/><SP/><String HEIGHT="27" CONTENT="follow" WIDTH="74" HPOS="318" VPOS="920" ID="st6-189"/><SP/><String HEIGHT="27" CONTENT="contractive" WIDTH="130" HPOS="402" VPOS="920" ID="st6-190"/><SP/><String HEIGHT="27" CONTENT="fiscal" WIDTH="59" HPOS="541" VPOS="920" ID="st6-191"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="610" VPOS="920" ID="st6-192"/><SP/><String HEIGHT="27" CONTENT="monetary" WIDTH="113" HPOS="664" VPOS="920" ID="st6-193"/></TextLine><TextLine HPOS="197" VPOS="954" ID="tl6-24" WIDTH="186" HEIGHT="26"><String HEIGHT="26" CONTENT="policies" WIDTH="86" HPOS="197" VPOS="954" ID="st6-194"/><SP/><String HEIGHT="26" CONTENT="instead" WIDTH="80" HPOS="291" VPOS="954" ID="st6-195"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="371" VPOS="954" ID="st6-196"/></TextLine><TextLine HPOS="197" VPOS="1004" ID="tl6-25" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="197" VPOS="1004" ID="st6-197"/><SP/><String HEIGHT="26" CONTENT="sum" WIDTH="42" HPOS="231" VPOS="1004" ID="st6-198"/><String HEIGHT="26" CONTENT="," WIDTH="15" HPOS="273" VPOS="1004" ID="st6-199"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="300" VPOS="1004" ID="st6-200"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="412" VPOS="1004" ID="st6-201"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="488" VPOS="1004" ID="st6-202"/><SP/><String HEIGHT="26" CONTENT="two" WIDTH="46" HPOS="556" VPOS="1004" ID="st6-203"/><SP/><String HEIGHT="26" CONTENT="additional" WIDTH="117" HPOS="615" VPOS="1004" ID="st6-204"/><SP/><String HEIGHT="26" CONTENT="ef" WIDTH="22" HPOS="745" VPOS="1004" ID="st6-205" SUBS_TYPE="HypPart1" SUBS_CONTENT="effects"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1004" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1037" ID="tl6-26" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="fects" WIDTH="55" HPOS="197" VPOS="1037" ID="st6-206" SUBS_TYPE="HypPart2" SUBS_CONTENT="effects"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="263" VPOS="1037" ID="st6-207"/><SP/><String HEIGHT="26" CONTENT="those" WIDTH="65" HPOS="299" VPOS="1037" ID="st6-208"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="375" VPOS="1037" ID="st6-209"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="38" HPOS="434" VPOS="1037" ID="st6-210"/><SP/><String HEIGHT="26" CONTENT="typically" WIDTH="94" HPOS="483" VPOS="1037" ID="st6-211"/><SP/><String HEIGHT="26" CONTENT="observed" WIDTH="107" HPOS="588" VPOS="1037" ID="st6-212"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="706" VPOS="1037" ID="st6-213"/><SP/><String HEIGHT="26" CONTENT="de" WIDTH="26" HPOS="738" VPOS="1037" ID="st6-214" SUBS_TYPE="HypPart1" SUBS_CONTENT="developed"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1037" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1070" ID="tl6-27" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="veloped" WIDTH="92" HPOS="197" VPOS="1070" ID="st6-215" SUBS_TYPE="HypPart2" SUBS_CONTENT="developed"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="104" HPOS="298" VPOS="1070" ID="st6-216"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="402" VPOS="1070" ID="st6-217"/><SP/><String HEIGHT="27" CONTENT="First" WIDTH="46" HPOS="423" VPOS="1070" ID="st6-218"/><String HEIGHT="27" CONTENT="," WIDTH="10" HPOS="469" VPOS="1070" ID="st6-219"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="488" VPOS="1070" ID="st6-220"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="511" VPOS="1070" ID="st6-221"/><SP/><String HEIGHT="27" CONTENT="crisis" WIDTH="55" HPOS="619" VPOS="1070" ID="st6-222"/><SP/><String HEIGHT="27" CONTENT="leads" WIDTH="60" HPOS="683" VPOS="1070" ID="st6-223"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="752" VPOS="1070" ID="st6-224"/></TextLine><TextLine HPOS="197" VPOS="1104" ID="tl6-28" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="a" WIDTH="13" HPOS="197" VPOS="1104" ID="st6-225"/><SP/><String HEIGHT="26" CONTENT="balance" WIDTH="91" HPOS="220" VPOS="1104" ID="st6-226"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="321" VPOS="1104" ID="st6-227"/><SP/><String HEIGHT="26" CONTENT="payments" WIDTH="114" HPOS="355" VPOS="1104" ID="st6-228"/><SP/><String HEIGHT="26" CONTENT="adjustment" WIDTH="133" HPOS="478" VPOS="1104" ID="st6-229"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="24" HPOS="621" VPOS="1104" ID="st6-230"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="655" VPOS="1104" ID="st6-231"/><SP/><String HEIGHT="26" CONTENT="result" WIDTH="65" HPOS="678" VPOS="1104" ID="st6-232"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="752" VPOS="1104" ID="st6-233"/></TextLine><TextLine HPOS="197" VPOS="1137" ID="tl6-29" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="a" WIDTH="13" HPOS="197" VPOS="1137" ID="st6-234"/><SP/><String HEIGHT="26" CONTENT="worsening" WIDTH="124" HPOS="218" VPOS="1137" ID="st6-235"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="350" VPOS="1137" ID="st6-236"/><SP/><String HEIGHT="26" CONTENT="both" WIDTH="56" HPOS="382" VPOS="1137" ID="st6-237"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="445" VPOS="1137" ID="st6-238"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="84" HPOS="492" VPOS="1137" ID="st6-239"/><SP/><String HEIGHT="26" CONTENT="account" WIDTH="94" HPOS="584" VPOS="1137" ID="st6-240"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="686" VPOS="1137" ID="st6-241"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="738" VPOS="1137" ID="st6-242"/></TextLine><TextLine HPOS="197" VPOS="1170" ID="tl6-30" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="capital" WIDTH="77" HPOS="197" VPOS="1170" ID="st6-243"/><SP/><String HEIGHT="27" CONTENT="account" WIDTH="89" HPOS="287" VPOS="1170" ID="st6-244"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="376" VPOS="1170" ID="st6-245"/><SP/><String HEIGHT="27" CONTENT="Second" WIDTH="81" HPOS="401" VPOS="1170" ID="st6-246"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="482" VPOS="1170" ID="st6-247"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="509" VPOS="1170" ID="st6-248"/><SP/><String HEIGHT="27" CONTENT="contraction" WIDTH="134" HPOS="560" VPOS="1170" ID="st6-249"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="707" VPOS="1170" ID="st6-250"/><SP/><String HEIGHT="27" CONTENT="tax" WIDTH="35" HPOS="742" VPOS="1170" ID="st6-251"/></TextLine><TextLine HPOS="197" VPOS="1204" ID="tl6-31" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="revenues" WIDTH="105" HPOS="197" VPOS="1204" ID="st6-252"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="310" VPOS="1204" ID="st6-253"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="363" VPOS="1204" ID="st6-254"/><SP/><String HEIGHT="26" CONTENT="rise" WIDTH="40" HPOS="411" VPOS="1204" ID="st6-255"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="459" VPOS="1204" ID="st6-256"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="490" VPOS="1204" ID="st6-257"/><SP/><String HEIGHT="26" CONTENT="cost" WIDTH="48" HPOS="537" VPOS="1204" ID="st6-258"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="593" VPOS="1204" ID="st6-259"/><SP/><String HEIGHT="26" CONTENT="finance" WIDTH="86" HPOS="627" VPOS="1204" ID="st6-260"/><SP/><String HEIGHT="26" CONTENT="wor" WIDTH="42" HPOS="722" VPOS="1204" ID="st6-261" SUBS_TYPE="HypPart1" SUBS_CONTENT="worsen"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1204" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1237" ID="tl6-32" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="sen" WIDTH="40" HPOS="197" VPOS="1237" ID="st6-262" SUBS_TYPE="HypPart2" SUBS_CONTENT="worsen"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="250" VPOS="1237" ID="st6-263"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="302" VPOS="1237" ID="st6-264"/><SP/><String HEIGHT="26" CONTENT="balance" WIDTH="86" HPOS="374" VPOS="1237" ID="st6-265"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="460" VPOS="1237" ID="st6-266"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="486" VPOS="1237" ID="st6-267"/><SP/><String HEIGHT="26" CONTENT="adjustment" WIDTH="133" HPOS="543" VPOS="1237" ID="st6-268"/><SP/><String HEIGHT="26" CONTENT="mecha" WIDTH="74" HPOS="689" VPOS="1237" ID="st6-269" SUBS_TYPE="HypPart1" SUBS_CONTENT="mechanism"/><HYP CONTENT="-" WIDTH="14" HPOS="763" VPOS="1237" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1270" ID="tl6-33" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="nism" WIDTH="55" HPOS="197" VPOS="1270" ID="st6-270" SUBS_TYPE="HypPart2" SUBS_CONTENT="mechanism"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="264" VPOS="1270" ID="st6-271"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="324" VPOS="1270" ID="st6-272"/><SP/><String HEIGHT="27" CONTENT="required" WIDTH="99" HPOS="352" VPOS="1270" ID="st6-273"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="463" VPOS="1270" ID="st6-274"/><SP/><String HEIGHT="27" CONTENT="simultaneously" WIDTH="174" HPOS="500" VPOS="1270" ID="st6-275"/><SP/><String HEIGHT="27" CONTENT="balance" WIDTH="91" HPOS="686" VPOS="1270" ID="st6-276"/></TextLine><TextLine HPOS="197" VPOS="1304" ID="tl6-34" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="197" VPOS="1304" ID="st6-277"/><SP/><String HEIGHT="26" CONTENT="public" WIDTH="71" HPOS="247" VPOS="1304" ID="st6-278"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="331" VPOS="1304" ID="st6-279"/><SP/><String HEIGHT="26" CONTENT="external" WIDTH="95" HPOS="387" VPOS="1304" ID="st6-280"/><SP/><String HEIGHT="26" CONTENT="accounts" WIDTH="105" HPOS="494" VPOS="1304" ID="st6-281"/><SP/><String HEIGHT="26" CONTENT="varies" WIDTH="66" HPOS="611" VPOS="1304" ID="st6-282"/><SP/><String HEIGHT="26" CONTENT="accord" WIDTH="76" HPOS="689" VPOS="1304" ID="st6-283" SUBS_TYPE="HypPart1" SUBS_CONTENT="according"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="1304" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1337" ID="tl6-35" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="ing" WIDTH="37" HPOS="197" VPOS="1337" ID="st6-284" SUBS_TYPE="HypPart2" SUBS_CONTENT="according"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="248" VPOS="1337" ID="st6-285"/><SP/><String HEIGHT="26" CONTENT="specific" WIDTH="86" HPOS="288" VPOS="1337" ID="st6-286"/><SP/><String HEIGHT="26" CONTENT="circumstances" WIDTH="165" HPOS="389" VPOS="1337" ID="st6-287"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="569" VPOS="1337" ID="st6-288"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="608" VPOS="1337" ID="st6-289"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="104" HPOS="661" VPOS="1337" ID="st6-290"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="765" VPOS="1337" ID="st6-291"/></TextLine><TextLine HPOS="197" VPOS="1370" ID="tl6-36" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="but" WIDTH="40" HPOS="197" VPOS="1370" ID="st6-292"/><SP/><String HEIGHT="27" CONTENT="it" WIDTH="15" HPOS="248" VPOS="1370" ID="st6-293"/><SP/><String HEIGHT="27" CONTENT="typically" WIDTH="94" HPOS="274" VPOS="1370" ID="st6-294"/><SP/><String HEIGHT="27" CONTENT="implies" WIDTH="82" HPOS="379" VPOS="1370" ID="st6-295"/><SP/><String HEIGHT="27" CONTENT="some" WIDTH="63" HPOS="472" VPOS="1370" ID="st6-296"/><SP/><String HEIGHT="27" CONTENT="combination" WIDTH="149" HPOS="546" VPOS="1370" ID="st6-297"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="706" VPOS="1370" ID="st6-298"/><SP/><String HEIGHT="27" CONTENT="ex" WIDTH="24" HPOS="742" VPOS="1370" ID="st6-299" SUBS_TYPE="HypPart1" SUBS_CONTENT="exchange"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="1370" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1404" ID="tl6-37" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="change" WIDTH="86" HPOS="197" VPOS="1404" ID="st6-300" SUBS_TYPE="HypPart2" SUBS_CONTENT="exchange"/><SP/><String HEIGHT="26" CONTENT="rate" WIDTH="46" HPOS="299" VPOS="1404" ID="st6-301"/><SP/><String HEIGHT="26" CONTENT="depreciation" WIDTH="143" HPOS="361" VPOS="1404" ID="st6-302"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="504" VPOS="1404" ID="st6-303"/><SP/><String HEIGHT="26" CONTENT="interest" WIDTH="88" HPOS="532" VPOS="1404" ID="st6-304"/><SP/><String HEIGHT="26" CONTENT="rates" WIDTH="57" HPOS="636" VPOS="1404" ID="st6-305"/><SP/><String HEIGHT="26" CONTENT="hikes" WIDTH="56" HPOS="709" VPOS="1404" ID="st6-306"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="765" VPOS="1404" ID="st6-307"/></TextLine><TextLine HPOS="197" VPOS="1437" ID="tl6-38" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="197" VPOS="1437" ID="st6-308"/><SP/><String HEIGHT="26" CONTENT="contractive" WIDTH="129" HPOS="253" VPOS="1437" ID="st6-309"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="393" VPOS="1437" ID="st6-310"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="65" HPOS="463" VPOS="1437" ID="st6-311"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="528" VPOS="1437" ID="st6-312"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="550" VPOS="1437" ID="st6-313"/><SP/><String HEIGHT="26" CONTENT="any" WIDTH="41" HPOS="583" VPOS="1437" ID="st6-314"/><SP/><String HEIGHT="26" CONTENT="case" WIDTH="47" HPOS="635" VPOS="1437" ID="st6-315"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="682" VPOS="1437" ID="st6-316"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="705" VPOS="1437" ID="st6-317"/><SP/><String HEIGHT="26" CONTENT="de" WIDTH="26" HPOS="738" VPOS="1437" ID="st6-318" SUBS_TYPE="HypPart1" SUBS_CONTENT="developing"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1437" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1470" ID="tl6-39" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="veloping" WIDTH="100" HPOS="197" VPOS="1470" ID="st6-319" SUBS_TYPE="HypPart2" SUBS_CONTENT="developing"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="108" HPOS="308" VPOS="1470" ID="st6-320"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="427" VPOS="1470" ID="st6-321"/><SP/><String HEIGHT="27" CONTENT="policy" WIDTH="68" HPOS="477" VPOS="1470" ID="st6-322"/><SP/><String HEIGHT="27" CONTENT="response" WIDTH="105" HPOS="556" VPOS="1470" ID="st6-323"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="672" VPOS="1470" ID="st6-324"/><SP/><String HEIGHT="27" CONTENT="finan" WIDTH="58" HPOS="708" VPOS="1470" ID="st6-325" SUBS_TYPE="HypPart1" SUBS_CONTENT="financial"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="1470" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1504" ID="tl6-40" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="cial" WIDTH="38" HPOS="197" VPOS="1504" ID="st6-326" SUBS_TYPE="HypPart2" SUBS_CONTENT="financial"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="248" VPOS="1504" ID="st6-327"/><SP/><String HEIGHT="26" CONTENT="tends" WIDTH="65" HPOS="324" VPOS="1504" ID="st6-328"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="401" VPOS="1504" ID="st6-329"/><SP/><String HEIGHT="26" CONTENT="add" WIDTH="45" HPOS="438" VPOS="1504" ID="st6-330"/><SP/><String HEIGHT="26" CONTENT="contractive" WIDTH="129" HPOS="496" VPOS="1504" ID="st6-331"/><SP/><String HEIGHT="26" CONTENT="impulses" WIDTH="102" HPOS="638" VPOS="1504" ID="st6-332"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="753" VPOS="1504" ID="st6-333"/></TextLine><TextLine HPOS="197" VPOS="1537" ID="tl6-41" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="197" VPOS="1537" ID="st6-334"/><SP/><String HEIGHT="26" CONTENT="recessive" WIDTH="103" HPOS="246" VPOS="1537" ID="st6-335"/><SP/><String HEIGHT="26" CONTENT="trends" WIDTH="75" HPOS="359" VPOS="1537" ID="st6-336"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="444" VPOS="1537" ID="st6-337"/><SP/><String HEIGHT="26" CONTENT="output" WIDTH="80" HPOS="476" VPOS="1537" ID="st6-338"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="566" VPOS="1537" ID="st6-339"/><SP/><String HEIGHT="26" CONTENT="employment" WIDTH="141" HPOS="621" VPOS="1537" ID="st6-340"/><String HEIGHT="26" CONTENT="." WIDTH="15" HPOS="762" VPOS="1537" ID="st6-341"/></TextLine><TextLine HPOS="197" VPOS="1570" ID="tl6-42" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="In" WIDTH="21" HPOS="197" VPOS="1570" ID="st6-342"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="228" VPOS="1570" ID="st6-343"/><SP/><String HEIGHT="27" CONTENT="most" WIDTH="58" HPOS="278" VPOS="1570" ID="st6-344"/><SP/><String HEIGHT="27" CONTENT="fragile" WIDTH="74" HPOS="347" VPOS="1570" ID="st6-345"/><SP/><String HEIGHT="27" CONTENT="cases" WIDTH="58" HPOS="431" VPOS="1570" ID="st6-346"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="489" VPOS="1570" ID="st6-347"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="511" VPOS="1570" ID="st6-348"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="560" VPOS="1570" ID="st6-349"/><SP/><String HEIGHT="27" CONTENT="crisis" WIDTH="56" HPOS="669" VPOS="1570" ID="st6-350"/><SP/><String HEIGHT="27" CONTENT="can" WIDTH="42" HPOS="735" VPOS="1570" ID="st6-351"/></TextLine><TextLine HPOS="197" VPOS="1604" ID="tl6-43" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="easily" WIDTH="63" HPOS="197" VPOS="1604" ID="st6-352"/><SP/><String HEIGHT="26" CONTENT="end" WIDTH="44" HPOS="270" VPOS="1604" ID="st6-353"/><SP/><String HEIGHT="26" CONTENT="up" WIDTH="31" HPOS="324" VPOS="1604" ID="st6-354"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="364" VPOS="1604" ID="st6-355"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="396" VPOS="1604" ID="st6-356"/><SP/><String HEIGHT="26" CONTENT="balance" WIDTH="91" HPOS="419" VPOS="1604" ID="st6-357"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="520" VPOS="1604" ID="st6-358"/><SP/><String HEIGHT="26" CONTENT="payment" WIDTH="103" HPOS="554" VPOS="1604" ID="st6-359"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="667" VPOS="1604" ID="st6-360"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="732" VPOS="1604" ID="st6-361"/></TextLine><TextLine HPOS="197" VPOS="1637" ID="tl6-44" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="197" VPOS="1637" ID="st6-362"/><SP/><String HEIGHT="26" CONTENT="default" WIDTH="83" HPOS="249" VPOS="1637" ID="st6-363"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="345" VPOS="1637" ID="st6-364"/><SP/><String HEIGHT="26" CONTENT="public" WIDTH="71" HPOS="383" VPOS="1637" ID="st6-365"/><SP/><String HEIGHT="26" CONTENT="debt" WIDTH="49" HPOS="468" VPOS="1637" ID="st6-366"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="517" VPOS="1637" ID="st6-367"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="543" VPOS="1637" ID="st6-368"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="578" VPOS="1637" ID="st6-369"/><SP/><String HEIGHT="26" CONTENT="most" WIDTH="59" HPOS="629" VPOS="1637" ID="st6-370"/><SP/><String HEIGHT="26" CONTENT="robust" WIDTH="76" HPOS="701" VPOS="1637" ID="st6-371"/></TextLine><TextLine HPOS="197" VPOS="1670" ID="tl6-45" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="cases" WIDTH="57" HPOS="197" VPOS="1670" ID="st6-372"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="254" VPOS="1670" ID="st6-373"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="277" VPOS="1670" ID="st6-374"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="326" VPOS="1670" ID="st6-375"/><SP/><String HEIGHT="27" CONTENT="crisis" WIDTH="56" HPOS="436" VPOS="1670" ID="st6-376"/><SP/><String HEIGHT="27" CONTENT="leads" WIDTH="60" HPOS="503" VPOS="1670" ID="st6-377"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="573" VPOS="1670" ID="st6-378"/><SP/><String HEIGHT="27" CONTENT="an" WIDTH="29" HPOS="609" VPOS="1670" ID="st6-379"/><SP/><String HEIGHT="27" CONTENT="increase" WIDTH="96" HPOS="649" VPOS="1670" ID="st6-380"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="755" VPOS="1670" ID="st6-381"/></TextLine><TextLine HPOS="197" VPOS="1704" ID="tl6-46" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="197" VPOS="1704" ID="st6-382"/><SP/><String HEIGHT="26" CONTENT="fragility" WIDTH="88" HPOS="245" VPOS="1704" ID="st6-383"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="344" VPOS="1704" ID="st6-384"/><SP/><String HEIGHT="26" CONTENT="public" WIDTH="71" HPOS="379" VPOS="1704" ID="st6-385"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="460" VPOS="1704" ID="st6-386"/><SP/><String HEIGHT="26" CONTENT="external" WIDTH="94" HPOS="516" VPOS="1704" ID="st6-387"/><SP/><String HEIGHT="26" CONTENT="balances" WIDTH="102" HPOS="620" VPOS="1704" ID="st6-388"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="732" VPOS="1704" ID="st6-389"/></TextLine><TextLine HPOS="197" VPOS="1737" ID="tl6-47" WIDTH="137" HEIGHT="26"><String HEIGHT="26" CONTENT="a" WIDTH="13" HPOS="197" VPOS="1737" ID="st6-390"/><SP/><String HEIGHT="26" CONTENT="recession" WIDTH="104" HPOS="218" VPOS="1737" ID="st6-391"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="322" VPOS="1737" ID="st6-392"/></TextLine><TextLine HPOS="197" VPOS="1802" ID="tl6-48" WIDTH="528" HEIGHT="29"><String HEIGHT="29" CONTENT="4" WIDTH="12" HPOS="197" VPOS="1802" ID="st6-393"/><String HEIGHT="29" CONTENT="." WIDTH="13" HPOS="209" VPOS="1802" ID="st6-394"/><SP/><String HEIGHT="29" CONTENT="IMF" WIDTH="52" HPOS="252" VPOS="1802" ID="st6-395"/><SP/><String HEIGHT="29" CONTENT="capacities" WIDTH="139" HPOS="313" VPOS="1802" ID="st6-396"/><SP/><String HEIGHT="29" CONTENT="and" WIDTH="55" HPOS="460" VPOS="1802" ID="st6-397"/><SP/><String HEIGHT="29" CONTENT="policy" WIDTH="85" HPOS="523" VPOS="1802" ID="st6-398"/><SP/><String HEIGHT="29" CONTENT="options" WIDTH="109" HPOS="616" VPOS="1802" ID="st6-399"/></TextLine><TextLine HPOS="197" VPOS="1854" ID="tl6-49" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="As" WIDTH="29" HPOS="197" VPOS="1854" ID="st6-400"/><SP/><String HEIGHT="26" CONTENT="mentioned" WIDTH="128" HPOS="240" VPOS="1854" ID="st6-401"/><SP/><String HEIGHT="26" CONTENT="above" WIDTH="65" HPOS="382" VPOS="1854" ID="st6-402"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="447" VPOS="1854" ID="st6-403"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="474" VPOS="1854" ID="st6-404"/><SP/><String HEIGHT="26" CONTENT="IMF" WIDTH="43" HPOS="527" VPOS="1854" ID="st6-405"/><SP/><String HEIGHT="26" CONTENT="has" WIDTH="40" HPOS="584" VPOS="1854" ID="st6-406"/><SP/><String HEIGHT="26" CONTENT="traditionally" WIDTH="139" HPOS="638" VPOS="1854" ID="st6-407"/></TextLine><TextLine HPOS="197" VPOS="1887" ID="tl6-50" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="promoted" WIDTH="117" HPOS="197" VPOS="1887" ID="st6-408"/><SP/><String HEIGHT="26" CONTENT="adjustment" WIDTH="132" HPOS="331" VPOS="1887" ID="st6-409"/><SP/><String HEIGHT="26" CONTENT="programs" WIDTH="113" HPOS="480" VPOS="1887" ID="st6-410"/><SP/><String HEIGHT="26" CONTENT="based" WIDTH="70" HPOS="610" VPOS="1887" ID="st6-411"/><SP/><String HEIGHT="26" CONTENT="on" WIDTH="31" HPOS="697" VPOS="1887" ID="st6-412"/><SP/><String HEIGHT="26" CONTENT="re" WIDTH="22" HPOS="745" VPOS="1887" ID="st6-413" SUBS_TYPE="HypPart1" SUBS_CONTENT="restrictive"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1887" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1920" ID="tl6-51" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="strictive" WIDTH="89" HPOS="197" VPOS="1920" ID="st6-414" SUBS_TYPE="HypPart2" SUBS_CONTENT="restrictive"/><SP/><String HEIGHT="27" CONTENT="fiscal" WIDTH="58" HPOS="300" VPOS="1920" ID="st6-415"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="372" VPOS="1920" ID="st6-416"/><SP/><String HEIGHT="27" CONTENT="monetary" WIDTH="113" HPOS="430" VPOS="1920" ID="st6-417"/><SP/><String HEIGHT="27" CONTENT="policies" WIDTH="83" HPOS="557" VPOS="1920" ID="st6-418"/><String HEIGHT="27" CONTENT="." WIDTH="11" HPOS="640" VPOS="1920" ID="st6-419"/><SP/><String HEIGHT="27" CONTENT="However" WIDTH="98" HPOS="665" VPOS="1920" ID="st6-420"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="763" VPOS="1920" ID="st6-421"/></TextLine><TextLine HPOS="197" VPOS="1954" ID="tl6-52" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="there" WIDTH="61" HPOS="197" VPOS="1954" ID="st6-422"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="56" HPOS="271" VPOS="1954" ID="st6-423"/><SP/><String HEIGHT="26" CONTENT="recently" WIDTH="93" HPOS="340" VPOS="1954" ID="st6-424"/><SP/><String HEIGHT="26" CONTENT="been" WIDTH="58" HPOS="446" VPOS="1954" ID="st6-425"/><SP/><String HEIGHT="26" CONTENT="signs" WIDTH="58" HPOS="518" VPOS="1954" ID="st6-426"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="589" VPOS="1954" ID="st6-427"/><SP/><String HEIGHT="26" CONTENT="change" WIDTH="80" HPOS="627" VPOS="1954" ID="st6-428"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="707" VPOS="1954" ID="st6-429"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="734" VPOS="1954" ID="st6-430"/></TextLine><TextLine HPOS="197" VPOS="1987" ID="tl6-53" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="conditionality" WIDTH="159" HPOS="197" VPOS="1987" ID="st6-431"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="374" VPOS="1987" ID="st6-432"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="417" VPOS="1987" ID="st6-433"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="474" VPOS="1987" ID="st6-434"/><SP/><String HEIGHT="26" CONTENT="assistance" WIDTH="117" HPOS="592" VPOS="1987" ID="st6-435"/><SP/><String HEIGHT="26" CONTENT="pro" WIDTH="37" HPOS="728" VPOS="1987" ID="st6-436" SUBS_TYPE="HypPart1" SUBS_CONTENT="programs"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="1987" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="2020" ID="tl6-54" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="grams" WIDTH="72" HPOS="197" VPOS="2020" ID="st6-437" SUBS_TYPE="HypPart2" SUBS_CONTENT="programs"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="279" VPOS="2020" ID="st6-438"/><SP/><String HEIGHT="27" CONTENT="have" WIDTH="55" HPOS="338" VPOS="2020" ID="st6-439"/><SP/><String HEIGHT="27" CONTENT="been" WIDTH="59" HPOS="403" VPOS="2020" ID="st6-440"/><SP/><String HEIGHT="27" CONTENT="signed" WIDTH="77" HPOS="472" VPOS="2020" ID="st6-441"/><SP/><String HEIGHT="27" CONTENT="since" WIDTH="58" HPOS="560" VPOS="2020" ID="st6-442"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="628" VPOS="2020" ID="st6-443"/><SP/><String HEIGHT="27" CONTENT="eruption" WIDTH="100" HPOS="677" VPOS="2020" ID="st6-444"/></TextLine><TextLine HPOS="875" VPOS="204" ID="tl6-55" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="875" VPOS="204" ID="st6-445"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="909" VPOS="204" ID="st6-446"/><SP/><String HEIGHT="26" CONTENT="subprime" WIDTH="110" HPOS="957" VPOS="204" ID="st6-447"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="1076" VPOS="204" ID="st6-448"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="1141" VPOS="204" ID="st6-449"/><SP/><String HEIGHT="26" CONTENT="less" WIDTH="42" HPOS="1167" VPOS="204" ID="st6-450"/><SP/><String HEIGHT="26" CONTENT="restrictive" WIDTH="113" HPOS="1218" VPOS="204" ID="st6-451"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1340" VPOS="204" ID="st6-452"/><SP/><String HEIGHT="26" CONTENT="more" WIDTH="62" HPOS="1394" VPOS="204" ID="st6-453"/></TextLine><TextLine HPOS="875" VPOS="237" ID="tl6-56" WIDTH="317" HEIGHT="26"><String HEIGHT="26" CONTENT="specific" WIDTH="87" HPOS="875" VPOS="237" ID="st6-454"/><SP/><String HEIGHT="26" CONTENT="than" WIDTH="54" HPOS="977" VPOS="237" ID="st6-455"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1045" VPOS="237" ID="st6-456"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1081" VPOS="237" ID="st6-457"/><SP/><String HEIGHT="26" CONTENT="past" WIDTH="46" HPOS="1134" VPOS="237" ID="st6-458"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1180" VPOS="237" ID="st6-459"/></TextLine><TextLine HPOS="1194" VPOS="233" ID="tl6-57" WIDTH="8" HEIGHT="13"><String HEIGHT="13" CONTENT="8" WIDTH="8" HPOS="1194" VPOS="233" ID="st6-460"/></TextLine><TextLine HPOS="1219" VPOS="237" ID="tl6-58" WIDTH="237" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="1219" VPOS="237" ID="st6-461"/><SP/><String HEIGHT="26" CONTENT="institution" WIDTH="119" HPOS="1276" VPOS="237" ID="st6-462"/><SP/><String HEIGHT="26" CONTENT="also" WIDTH="46" HPOS="1410" VPOS="237" ID="st6-463"/></TextLine><TextLine HPOS="875" VPOS="270" ID="tl6-59" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="promotes" WIDTH="113" HPOS="875" VPOS="270" ID="st6-464"/><SP/><String HEIGHT="27" CONTENT="expansive" WIDTH="114" HPOS="1002" VPOS="270" ID="st6-465"/><SP/><String HEIGHT="27" CONTENT="fiscal" WIDTH="59" HPOS="1129" VPOS="270" ID="st6-466"/><SP/><String HEIGHT="27" CONTENT="policies" WIDTH="87" HPOS="1201" VPOS="270" ID="st6-467"/><SP/><String HEIGHT="27" CONTENT="for" WIDTH="34" HPOS="1301" VPOS="270" ID="st6-468"/><SP/><String HEIGHT="27" CONTENT="both" WIDTH="55" HPOS="1349" VPOS="270" ID="st6-469"/><SP/><String HEIGHT="27" CONTENT="de" WIDTH="26" HPOS="1418" VPOS="270" ID="st6-470" SUBS_TYPE="HypPart1" SUBS_CONTENT="developed"/><HYP CONTENT="-" WIDTH="12" HPOS="1444" VPOS="270" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="304" ID="tl6-60" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="veloped" WIDTH="93" HPOS="875" VPOS="304" ID="st6-471" SUBS_TYPE="HypPart2" SUBS_CONTENT="developed"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="984" VPOS="304" ID="st6-472"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="1045" VPOS="304" ID="st6-473"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="109" HPOS="1190" VPOS="304" ID="st6-474"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1315" VPOS="304" ID="st6-475"/><SP/><String HEIGHT="26" CONTENT="order" WIDTH="64" HPOS="1352" VPOS="304" ID="st6-476"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1431" VPOS="304" ID="st6-477"/></TextLine><TextLine HPOS="875" VPOS="337" ID="tl6-61" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="counteract" WIDTH="127" HPOS="875" VPOS="337" ID="st6-478"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1013" VPOS="337" ID="st6-479"/><SP/><String HEIGHT="26" CONTENT="recessive" WIDTH="103" HPOS="1062" VPOS="337" ID="st6-480"/><SP/><String HEIGHT="26" CONTENT="trends" WIDTH="74" HPOS="1176" VPOS="337" ID="st6-481"/><SP/><String HEIGHT="26" CONTENT="triggered" WIDTH="108" HPOS="1261" VPOS="337" ID="st6-482"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="28" HPOS="1379" VPOS="337" ID="st6-483"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1418" VPOS="337" ID="st6-484"/></TextLine><TextLine HPOS="875" VPOS="370" ID="tl6-62" WIDTH="151" HEIGHT="27"><String HEIGHT="27" CONTENT="global" WIDTH="73" HPOS="875" VPOS="370" ID="st6-485"/><SP/><String HEIGHT="27" CONTENT="crisis" WIDTH="56" HPOS="970" VPOS="370" ID="st6-486"/></TextLine><TextLine HPOS="1036" VPOS="366" ID="tl6-63" WIDTH="7" HEIGHT="13"><String HEIGHT="13" CONTENT="9" WIDTH="7" HPOS="1036" VPOS="366" ID="st6-487"/></TextLine><TextLine HPOS="1054" VPOS="370" ID="tl6-64" WIDTH="402" HEIGHT="27"><String HEIGHT="27" CONTENT="." WIDTH="7" HPOS="1054" VPOS="370" ID="st6-488"/><SP/><String HEIGHT="27" CONTENT="Notwithstanding" WIDTH="198" HPOS="1083" VPOS="370" ID="st6-489"/><SP/><String HEIGHT="27" CONTENT="this" WIDTH="42" HPOS="1303" VPOS="370" ID="st6-490"/><SP/><String HEIGHT="27" CONTENT="positive" WIDTH="89" HPOS="1367" VPOS="370" ID="st6-491"/></TextLine><TextLine HPOS="876" VPOS="404" ID="tl6-65" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="change" WIDTH="86" HPOS="876" VPOS="404" ID="st6-492"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="977" VPOS="404" ID="st6-493"/><SP/><String HEIGHT="26" CONTENT="its" WIDTH="27" HPOS="1013" VPOS="404" ID="st6-494"/><SP/><String HEIGHT="26" CONTENT="approach" WIDTH="111" HPOS="1054" VPOS="404" ID="st6-495"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1180" VPOS="404" ID="st6-496"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="1219" VPOS="404" ID="st6-497"/><SP/><String HEIGHT="26" CONTENT="response" WIDTH="100" HPOS="1290" VPOS="404" ID="st6-498"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="1390" VPOS="404" ID="st6-499"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1418" VPOS="404" ID="st6-500"/></TextLine><TextLine HPOS="876" VPOS="437" ID="tl6-66" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="IMF" WIDTH="43" HPOS="876" VPOS="437" ID="st6-501"/><SP/><String HEIGHT="26" CONTENT="has" WIDTH="40" HPOS="931" VPOS="437" ID="st6-502"/><SP/><String HEIGHT="26" CONTENT="paid" WIDTH="51" HPOS="984" VPOS="437" ID="st6-503"/><SP/><String HEIGHT="26" CONTENT="little" WIDTH="51" HPOS="1047" VPOS="437" ID="st6-504"/><SP/><String HEIGHT="26" CONTENT="attention" WIDTH="108" HPOS="1111" VPOS="437" ID="st6-505"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="1232" VPOS="437" ID="st6-506"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1269" VPOS="437" ID="st6-507"/><SP/><String HEIGHT="26" CONTENT="problem" WIDTH="99" HPOS="1320" VPOS="437" ID="st6-508"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1431" VPOS="437" ID="st6-509"/></TextLine><TextLine HPOS="876" VPOS="470" ID="tl6-67" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="how" WIDTH="52" HPOS="876" VPOS="470" ID="st6-510"/><SP/><String HEIGHT="27" CONTENT="developing" WIDTH="130" HPOS="946" VPOS="470" ID="st6-511"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="109" HPOS="1093" VPOS="470" ID="st6-512"/><SP/><String HEIGHT="27" CONTENT="may" WIDTH="50" HPOS="1219" VPOS="470" ID="st6-513"/><SP/><String HEIGHT="27" CONTENT="finance" WIDTH="86" HPOS="1287" VPOS="470" ID="st6-514"/><SP/><String HEIGHT="27" CONTENT="those" WIDTH="65" HPOS="1391" VPOS="470" ID="st6-515"/></TextLine><TextLine HPOS="876" VPOS="504" ID="tl6-68" WIDTH="94" HEIGHT="26"><String HEIGHT="26" CONTENT="policies" WIDTH="83" HPOS="876" VPOS="504" ID="st6-516"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="959" VPOS="504" ID="st6-517"/></TextLine><TextLine HPOS="876" VPOS="554" ID="tl6-69" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="876" VPOS="554" ID="st6-518"/><SP/><String HEIGHT="26" CONTENT="tension" WIDTH="86" HPOS="930" VPOS="554" ID="st6-519"/><SP/><String HEIGHT="26" CONTENT="between" WIDTH="103" HPOS="1027" VPOS="554" ID="st6-520"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1141" VPOS="554" ID="st6-521"/><SP/><String HEIGHT="26" CONTENT="need" WIDTH="58" HPOS="1191" VPOS="554" ID="st6-522"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1260" VPOS="554" ID="st6-523"/><SP/><String HEIGHT="26" CONTENT="expansive" WIDTH="114" HPOS="1296" VPOS="554" ID="st6-524"/><SP/><String HEIGHT="26" CONTENT="fis" WIDTH="27" HPOS="1421" VPOS="554" ID="st6-525" SUBS_TYPE="HypPart1" SUBS_CONTENT="fiscal"/><HYP CONTENT="-" WIDTH="8" HPOS="1448" VPOS="554" HEIGHT="26"/></TextLine><TextLine HPOS="876" VPOS="587" ID="tl6-70" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="cal" WIDTH="32" HPOS="876" VPOS="587" ID="st6-526" SUBS_TYPE="HypPart2" SUBS_CONTENT="fiscal"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="921" VPOS="587" ID="st6-527"/><SP/><String HEIGHT="26" CONTENT="monetary" WIDTH="112" HPOS="979" VPOS="587" ID="st6-528"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="86" HPOS="1104" VPOS="587" ID="st6-529"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1203" VPOS="587" ID="st6-530"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1261" VPOS="587" ID="st6-531"/><SP/><String HEIGHT="26" CONTENT="scarcity" WIDTH="86" HPOS="1312" VPOS="587" ID="st6-532"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1411" VPOS="587" ID="st6-533"/></TextLine><TextLine HPOS="876" VPOS="620" ID="tl6-71" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="high" WIDTH="52" HPOS="876" VPOS="620" ID="st6-534"/><SP/><String HEIGHT="27" CONTENT="cost" WIDTH="48" HPOS="938" VPOS="620" ID="st6-535"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="996" VPOS="620" ID="st6-536"/><SP/><String HEIGHT="27" CONTENT="finance" WIDTH="86" HPOS="1031" VPOS="620" ID="st6-537"/><SP/><String HEIGHT="27" CONTENT="available" WIDTH="102" HPOS="1127" VPOS="620" ID="st6-538"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="1239" VPOS="620" ID="st6-539"/><SP/><String HEIGHT="27" CONTENT="service" WIDTH="79" HPOS="1273" VPOS="620" ID="st6-540"/><SP/><String HEIGHT="27" CONTENT="external" WIDTH="94" HPOS="1362" VPOS="620" ID="st6-541"/></TextLine><TextLine HPOS="876" VPOS="654" ID="tl6-72" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="876" VPOS="654" ID="st6-542"/><SP/><String HEIGHT="26" CONTENT="public" WIDTH="71" HPOS="932" VPOS="654" ID="st6-543"/><SP/><String HEIGHT="26" CONTENT="debts" WIDTH="65" HPOS="1014" VPOS="654" ID="st6-544"/><SP/><String HEIGHT="26" CONTENT="exists" WIDTH="63" HPOS="1091" VPOS="654" ID="st6-545"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1165" VPOS="654" ID="st6-546"/><SP/><String HEIGHT="26" CONTENT="almost" WIDTH="79" HPOS="1198" VPOS="654" ID="st6-547"/><SP/><String HEIGHT="26" CONTENT="all" WIDTH="26" HPOS="1289" VPOS="654" ID="st6-548"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="129" HPOS="1327" VPOS="654" ID="st6-549"/></TextLine><TextLine HPOS="876" VPOS="687" ID="tl6-73" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="countries" WIDTH="103" HPOS="876" VPOS="687" ID="st6-550"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="979" VPOS="687" ID="st6-551"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="1009" VPOS="687" ID="st6-552"/><SP/><String HEIGHT="26" CONTENT="this" WIDTH="41" HPOS="1048" VPOS="687" ID="st6-553"/><SP/><String HEIGHT="26" CONTENT="regard" WIDTH="72" HPOS="1107" VPOS="687" ID="st6-554"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="1179" VPOS="687" ID="st6-555"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1209" VPOS="687" ID="st6-556"/><SP/><String HEIGHT="26" CONTENT="IMF" WIDTH="44" HPOS="1265" VPOS="687" ID="st6-557"/><SP/><String HEIGHT="26" CONTENT="finds" WIDTH="57" HPOS="1326" VPOS="687" ID="st6-558"/><SP/><String HEIGHT="26" CONTENT="itself" WIDTH="56" HPOS="1400" VPOS="687" ID="st6-559"/></TextLine><TextLine HPOS="876" VPOS="720" ID="tl6-74" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="trapped" WIDTH="92" HPOS="876" VPOS="720" ID="st6-560"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="980" VPOS="720" ID="st6-561"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="1013" VPOS="720" ID="st6-562"/><SP/><String HEIGHT="27" CONTENT="contradiction" WIDTH="152" HPOS="1038" VPOS="720" ID="st6-563"/><String HEIGHT="27" CONTENT=":" WIDTH="12" HPOS="1190" VPOS="720" ID="st6-564"/><SP/><String HEIGHT="27" CONTENT="on" WIDTH="31" HPOS="1213" VPOS="720" ID="st6-565"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1255" VPOS="720" ID="st6-566"/><SP/><String HEIGHT="27" CONTENT="one" WIDTH="45" HPOS="1305" VPOS="720" ID="st6-567"/><SP/><String HEIGHT="27" CONTENT="hand" WIDTH="54" HPOS="1361" VPOS="720" ID="st6-568"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="1415" VPOS="720" ID="st6-569"/><SP/><String HEIGHT="27" CONTENT="it" WIDTH="15" HPOS="1441" VPOS="720" ID="st6-570"/></TextLine><TextLine HPOS="876" VPOS="754" ID="tl6-75" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="asserts" WIDTH="78" HPOS="876" VPOS="754" ID="st6-571"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="967" VPOS="754" ID="st6-572"/><SP/><String HEIGHT="26" CONTENT="need" WIDTH="59" HPOS="1017" VPOS="754" ID="st6-573"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1088" VPOS="754" ID="st6-574"/><SP/><String HEIGHT="26" CONTENT="expansive" WIDTH="114" HPOS="1125" VPOS="754" ID="st6-575"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="1251" VPOS="754" ID="st6-576"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1322" VPOS="754" ID="st6-577"/><SP/><String HEIGHT="26" CONTENT="mone" WIDTH="62" HPOS="1379" VPOS="754" ID="st6-578" SUBS_TYPE="HypPart1" SUBS_CONTENT="monetary"/><HYP CONTENT="-" WIDTH="15" HPOS="1441" VPOS="754" HEIGHT="26"/></TextLine><TextLine HPOS="876" VPOS="787" ID="tl6-76" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="tary" WIDTH="44" HPOS="876" VPOS="787" ID="st6-579" SUBS_TYPE="HypPart2" SUBS_CONTENT="monetary"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="86" HPOS="929" VPOS="787" ID="st6-580"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1024" VPOS="787" ID="st6-581"/><SP/><String HEIGHT="26" CONTENT="ameliorate" WIDTH="125" HPOS="1058" VPOS="787" ID="st6-582"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1191" VPOS="787" ID="st6-583"/><SP/><String HEIGHT="26" CONTENT="recessive" WIDTH="103" HPOS="1239" VPOS="787" ID="st6-584"/><SP/><String HEIGHT="26" CONTENT="trends" WIDTH="74" HPOS="1351" VPOS="787" ID="st6-585"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1434" VPOS="787" ID="st6-586"/></TextLine><TextLine HPOS="876" VPOS="820" ID="tl6-77" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="876" VPOS="820" ID="st6-587"/><SP/><String HEIGHT="27" CONTENT="global" WIDTH="73" HPOS="926" VPOS="820" ID="st6-588"/><SP/><String HEIGHT="27" CONTENT="economy" WIDTH="101" HPOS="1011" VPOS="820" ID="st6-589"/><String HEIGHT="27" CONTENT="," WIDTH="15" HPOS="1112" VPOS="820" ID="st6-590"/><SP/><String HEIGHT="27" CONTENT="but" WIDTH="40" HPOS="1139" VPOS="820" ID="st6-591"/><SP/><String HEIGHT="27" CONTENT="on" WIDTH="30" HPOS="1192" VPOS="820" ID="st6-592"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1234" VPOS="820" ID="st6-593"/><SP/><String HEIGHT="27" CONTENT="other" WIDTH="63" HPOS="1285" VPOS="820" ID="st6-594"/><SP/><String HEIGHT="27" CONTENT="hand" WIDTH="54" HPOS="1361" VPOS="820" ID="st6-595"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="1415" VPOS="820" ID="st6-596"/><SP/><String HEIGHT="27" CONTENT="it" WIDTH="15" HPOS="1441" VPOS="820" ID="st6-597"/></TextLine><TextLine HPOS="876" VPOS="854" ID="tl6-78" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="has" WIDTH="40" HPOS="876" VPOS="854" ID="st6-598"/><SP/><String HEIGHT="26" CONTENT="asked" WIDTH="68" HPOS="931" VPOS="854" ID="st6-599"/><SP/><String HEIGHT="26" CONTENT="–" WIDTH="14" HPOS="1015" VPOS="854" ID="st6-600"/><SP/><String HEIGHT="26" CONTENT="although" WIDTH="107" HPOS="1044" VPOS="854" ID="st6-601"/><SP/><String HEIGHT="26" CONTENT="more" WIDTH="61" HPOS="1167" VPOS="854" ID="st6-602"/><SP/><String HEIGHT="26" CONTENT="moderately" WIDTH="133" HPOS="1244" VPOS="854" ID="st6-603"/><SP/><String HEIGHT="26" CONTENT="–" WIDTH="14" HPOS="1392" VPOS="854" ID="st6-604"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="1422" VPOS="854" ID="st6-605"/></TextLine><TextLine HPOS="876" VPOS="887" ID="tl6-79" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="contractive" WIDTH="129" HPOS="876" VPOS="887" ID="st6-606"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="87" HPOS="1018" VPOS="887" ID="st6-607"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1118" VPOS="887" ID="st6-608"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1153" VPOS="887" ID="st6-609"/><SP/><String HEIGHT="26" CONTENT="recent" WIDTH="74" HPOS="1204" VPOS="887" ID="st6-610"/><SP/><String HEIGHT="26" CONTENT="stand" WIDTH="63" HPOS="1292" VPOS="887" ID="st6-611"/><String HEIGHT="26" CONTENT="-" WIDTH="12" HPOS="1355" VPOS="887" ID="st6-612"/><String HEIGHT="26" CONTENT="by" WIDTH="26" HPOS="1367" VPOS="887" ID="st6-613"/><SP/><String HEIGHT="26" CONTENT="pro" WIDTH="37" HPOS="1407" VPOS="887" ID="st6-614" SUBS_TYPE="HypPart1" SUBS_CONTENT="programs"/><HYP CONTENT="-" WIDTH="12" HPOS="1444" VPOS="887" HEIGHT="26"/></TextLine><TextLine HPOS="876" VPOS="920" ID="tl6-80" WIDTH="350" HEIGHT="27"><String HEIGHT="27" CONTENT="grams" WIDTH="72" HPOS="876" VPOS="920" ID="st6-615" SUBS_TYPE="HypPart2" SUBS_CONTENT="programs"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="956" VPOS="920" ID="st6-616"/><SP/><String HEIGHT="27" CONTENT="have" WIDTH="56" HPOS="1011" VPOS="920" ID="st6-617"/><SP/><String HEIGHT="27" CONTENT="been" WIDTH="58" HPOS="1075" VPOS="920" ID="st6-618"/><SP/><String HEIGHT="27" CONTENT="signed" WIDTH="72" HPOS="1141" VPOS="920" ID="st6-619"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="1213" VPOS="920" ID="st6-620"/></TextLine><TextLine HPOS="876" VPOS="970" ID="tl6-81" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="The" WIDTH="43" HPOS="876" VPOS="970" ID="st6-621"/><SP/><String HEIGHT="27" CONTENT="proclamation" WIDTH="156" HPOS="928" VPOS="970" ID="st6-622"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1094" VPOS="970" ID="st6-623"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1128" VPOS="970" ID="st6-624"/><SP/><String HEIGHT="27" CONTENT="IMF" WIDTH="43" HPOS="1177" VPOS="970" ID="st6-625"/><SP/><String HEIGHT="27" CONTENT="authorities" WIDTH="125" HPOS="1230" VPOS="970" ID="st6-626"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1364" VPOS="970" ID="st6-627"/><SP/><String HEIGHT="27" CONTENT="favor" WIDTH="60" HPOS="1396" VPOS="970" ID="st6-628"/></TextLine><TextLine HPOS="876" VPOS="1004" ID="tl6-82" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="876" VPOS="1004" ID="st6-629"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="909" VPOS="1004" ID="st6-630"/><SP/><String HEIGHT="26" CONTENT="expansive" WIDTH="114" HPOS="957" VPOS="1004" ID="st6-631"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="1080" VPOS="1004" ID="st6-632"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="87" HPOS="1148" VPOS="1004" ID="st6-633"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="1244" VPOS="1004" ID="st6-634"/><SP/><String HEIGHT="26" CONTENT="correct" WIDTH="78" HPOS="1270" VPOS="1004" ID="st6-635"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="1348" VPOS="1004" ID="st6-636"/><SP/><String HEIGHT="26" CONTENT="but" WIDTH="40" HPOS="1369" VPOS="1004" ID="st6-637"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1418" VPOS="1004" ID="st6-638"/></TextLine><TextLine HPOS="876" VPOS="1037" ID="tl6-83" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="nature" WIDTH="77" HPOS="876" VPOS="1037" ID="st6-639"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="961" VPOS="1037" ID="st6-640"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="994" VPOS="1037" ID="st6-641"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="1041" VPOS="1037" ID="st6-642"/><SP/><String HEIGHT="26" CONTENT="makes" WIDTH="76" HPOS="1105" VPOS="1037" ID="st6-643"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1189" VPOS="1037" ID="st6-644"/><SP/><String HEIGHT="26" CONTENT="likelihood" WIDTH="114" HPOS="1236" VPOS="1037" ID="st6-645"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1358" VPOS="1037" ID="st6-646"/><SP/><String HEIGHT="26" CONTENT="those" WIDTH="65" HPOS="1391" VPOS="1037" ID="st6-647"/></TextLine><TextLine HPOS="876" VPOS="1070" ID="tl6-84" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="policies" WIDTH="86" HPOS="876" VPOS="1070" ID="st6-648"/><SP/><String HEIGHT="27" CONTENT="being" WIDTH="67" HPOS="974" VPOS="1070" ID="st6-649"/><SP/><String HEIGHT="27" CONTENT="implemented" WIDTH="156" HPOS="1053" VPOS="1070" ID="st6-650"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1221" VPOS="1070" ID="st6-651"/><SP/><String HEIGHT="27" CONTENT="most" WIDTH="59" HPOS="1255" VPOS="1070" ID="st6-652"/><SP/><String HEIGHT="27" CONTENT="developing" WIDTH="130" HPOS="1326" VPOS="1070" ID="st6-653"/></TextLine><TextLine HPOS="876" VPOS="1104" ID="tl6-85" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="876" VPOS="1104" ID="st6-654"/><SP/><String HEIGHT="26" CONTENT="very" WIDTH="48" HPOS="1002" VPOS="1104" ID="st6-655"/><SP/><String HEIGHT="26" CONTENT="low" WIDTH="39" HPOS="1068" VPOS="1104" ID="st6-656"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="1107" VPOS="1104" ID="st6-657"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="1138" VPOS="1104" ID="st6-658"/><SP/><String HEIGHT="26" CONTENT="contradiction" WIDTH="156" HPOS="1200" VPOS="1104" ID="st6-659"/><SP/><String HEIGHT="26" CONTENT="derives" WIDTH="82" HPOS="1374" VPOS="1104" ID="st6-660"/></TextLine><TextLine HPOS="876" VPOS="1137" ID="tl6-86" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="from" WIDTH="57" HPOS="876" VPOS="1137" ID="st6-661"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="943" VPOS="1137" ID="st6-662"/><SP/><String HEIGHT="26" CONTENT="lack" WIDTH="46" HPOS="992" VPOS="1137" ID="st6-663"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1048" VPOS="1137" ID="st6-664"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1083" VPOS="1137" ID="st6-665"/><SP/><String HEIGHT="26" CONTENT="coordinated" WIDTH="142" HPOS="1108" VPOS="1137" ID="st6-666"/><SP/><String HEIGHT="26" CONTENT="international" WIDTH="149" HPOS="1261" VPOS="1137" ID="st6-667"/><SP/><String HEIGHT="26" CONTENT="ac" WIDTH="24" HPOS="1420" VPOS="1137" ID="st6-668" SUBS_TYPE="HypPart1" SUBS_CONTENT="action"/><HYP CONTENT="-" WIDTH="12" HPOS="1444" VPOS="1137" HEIGHT="26"/></TextLine><TextLine HPOS="876" VPOS="1170" ID="tl6-87" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="tion" WIDTH="43" HPOS="876" VPOS="1170" ID="st6-669" SUBS_TYPE="HypPart2" SUBS_CONTENT="action"/><String HEIGHT="27" CONTENT="," WIDTH="11" HPOS="919" VPOS="1170" ID="st6-670"/><SP/><String HEIGHT="27" CONTENT="which" WIDTH="71" HPOS="944" VPOS="1170" ID="st6-671"/><SP/><String HEIGHT="27" CONTENT="would" WIDTH="75" HPOS="1030" VPOS="1170" ID="st6-672"/><SP/><String HEIGHT="27" CONTENT="be" WIDTH="30" HPOS="1119" VPOS="1170" ID="st6-673"/><SP/><String HEIGHT="27" CONTENT="required" WIDTH="99" HPOS="1164" VPOS="1170" ID="st6-674"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1277" VPOS="1170" ID="st6-675"/><SP/><String HEIGHT="27" CONTENT="order" WIDTH="63" HPOS="1314" VPOS="1170" ID="st6-676"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="1392" VPOS="1170" ID="st6-677"/><SP/><String HEIGHT="27" CONTENT="fi" WIDTH="16" HPOS="1432" VPOS="1170" ID="st6-678" SUBS_TYPE="HypPart1" SUBS_CONTENT="finance"/><HYP CONTENT="-" WIDTH="8" HPOS="1448" VPOS="1170" HEIGHT="27"/></TextLine><TextLine HPOS="876" VPOS="1204" ID="tl6-88" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="nance" WIDTH="71" HPOS="876" VPOS="1204" ID="st6-679" SUBS_TYPE="HypPart2" SUBS_CONTENT="finance"/><SP/><String HEIGHT="26" CONTENT="expansive" WIDTH="114" HPOS="958" VPOS="1204" ID="st6-680"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="1083" VPOS="1204" ID="st6-681"/><SP/><String HEIGHT="26" CONTENT="programs" WIDTH="113" HPOS="1153" VPOS="1204" ID="st6-682"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1277" VPOS="1204" ID="st6-683"/><SP/><String HEIGHT="26" CONTENT="many" WIDTH="65" HPOS="1309" VPOS="1204" ID="st6-684"/><SP/><String HEIGHT="26" CONTENT="devel" WIDTH="60" HPOS="1385" VPOS="1204" ID="st6-685" SUBS_TYPE="HypPart1" SUBS_CONTENT="developing"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="1204" HEIGHT="26"/></TextLine><TextLine HPOS="876" VPOS="1237" ID="tl6-89" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="oping" WIDTH="68" HPOS="876" VPOS="1237" ID="st6-686" SUBS_TYPE="HypPart2" SUBS_CONTENT="developing"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="955" VPOS="1237" ID="st6-687"/><SP/><String HEIGHT="26" CONTENT="simultaneously" WIDTH="169" HPOS="1074" VPOS="1237" ID="st6-688"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="1243" VPOS="1237" ID="st6-689"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="1267" VPOS="1237" ID="st6-690"/><SP/><String HEIGHT="26" CONTENT="IMF" WIDTH="44" HPOS="1321" VPOS="1237" ID="st6-691"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="1375" VPOS="1237" ID="st6-692"/><SP/><String HEIGHT="26" CONTENT="con" WIDTH="40" HPOS="1403" VPOS="1237" ID="st6-693" SUBS_TYPE="HypPart1" SUBS_CONTENT="constrained"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="1237" HEIGHT="26"/></TextLine><TextLine HPOS="876" VPOS="1270" ID="tl6-90" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="strained" WIDTH="94" HPOS="876" VPOS="1270" ID="st6-694" SUBS_TYPE="HypPart2" SUBS_CONTENT="constrained"/><SP/><String HEIGHT="27" CONTENT="by" WIDTH="28" HPOS="980" VPOS="1270" ID="st6-695"/><SP/><String HEIGHT="27" CONTENT="both" WIDTH="56" HPOS="1019" VPOS="1270" ID="st6-696"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1085" VPOS="1270" ID="st6-697"/><SP/><String HEIGHT="27" CONTENT="amount" WIDTH="93" HPOS="1134" VPOS="1270" ID="st6-698"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1237" VPOS="1270" ID="st6-699"/><SP/><String HEIGHT="27" CONTENT="resources" WIDTH="111" HPOS="1273" VPOS="1270" ID="st6-700"/><SP/><String HEIGHT="27" CONTENT="avail" WIDTH="52" HPOS="1394" VPOS="1270" ID="st6-701" SUBS_TYPE="HypPart1" SUBS_CONTENT="available"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="1270" HEIGHT="27"/></TextLine><TextLine HPOS="876" VPOS="1304" ID="tl6-91" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="able" WIDTH="49" HPOS="876" VPOS="1304" ID="st6-702" SUBS_TYPE="HypPart2" SUBS_CONTENT="available"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="939" VPOS="1304" ID="st6-703"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="28" HPOS="999" VPOS="1304" ID="st6-704"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1041" VPOS="1304" ID="st6-705"/><SP/><String HEIGHT="26" CONTENT="characteristics" WIDTH="166" HPOS="1094" VPOS="1304" ID="st6-706"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1274" VPOS="1304" ID="st6-707"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1313" VPOS="1304" ID="st6-708"/><SP/><String HEIGHT="26" CONTENT="existing" WIDTH="90" HPOS="1366" VPOS="1304" ID="st6-709"/></TextLine><TextLine HPOS="876" VPOS="1337" ID="tl6-92" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="programs" WIDTH="112" HPOS="876" VPOS="1337" ID="st6-710"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1007" VPOS="1337" ID="st6-711"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1051" VPOS="1337" ID="st6-712"/><SP/><String HEIGHT="26" CONTENT="assistance" WIDTH="113" HPOS="1169" VPOS="1337" ID="st6-713"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1282" VPOS="1337" ID="st6-714"/><SP/><String HEIGHT="26" CONTENT="These" WIDTH="68" HPOS="1313" VPOS="1337" ID="st6-715"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="56" HPOS="1400" VPOS="1337" ID="st6-716"/></TextLine><TextLine HPOS="876" VPOS="1370" ID="tl6-93" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="been" WIDTH="58" HPOS="876" VPOS="1370" ID="st6-717"/><SP/><String HEIGHT="27" CONTENT="originally" WIDTH="107" HPOS="946" VPOS="1370" ID="st6-718"/><SP/><String HEIGHT="27" CONTENT="designed" WIDTH="107" HPOS="1065" VPOS="1370" ID="st6-719"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="24" HPOS="1184" VPOS="1370" ID="st6-720"/><SP/><String HEIGHT="27" CONTENT="deal" WIDTH="50" HPOS="1220" VPOS="1370" ID="st6-721"/><SP/><String HEIGHT="27" CONTENT="with" WIDTH="52" HPOS="1282" VPOS="1370" ID="st6-722"/><SP/><String HEIGHT="27" CONTENT="short" WIDTH="61" HPOS="1346" VPOS="1370" ID="st6-723"/><String HEIGHT="27" CONTENT="-" WIDTH="12" HPOS="1407" VPOS="1370" ID="st6-724"/><String HEIGHT="27" CONTENT="run" WIDTH="37" HPOS="1419" VPOS="1370" ID="st6-725"/></TextLine><TextLine HPOS="876" VPOS="1404" ID="tl6-94" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="balance" WIDTH="91" HPOS="876" VPOS="1404" ID="st6-726"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="975" VPOS="1404" ID="st6-727"/><SP/><String HEIGHT="26" CONTENT="payment" WIDTH="103" HPOS="1008" VPOS="1404" ID="st6-728"/><SP/><String HEIGHT="26" CONTENT="problems" WIDTH="109" HPOS="1120" VPOS="1404" ID="st6-729"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="1238" VPOS="1404" ID="st6-730"/><SP/><String HEIGHT="26" CONTENT="one" WIDTH="45" HPOS="1280" VPOS="1404" ID="st6-731"/><SP/><String HEIGHT="26" CONTENT="country" WIDTH="90" HPOS="1333" VPOS="1404" ID="st6-732"/><SP/><String HEIGHT="26" CONTENT="or" WIDTH="25" HPOS="1431" VPOS="1404" ID="st6-733"/></TextLine><TextLine HPOS="876" VPOS="1437" ID="tl6-95" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="a" WIDTH="13" HPOS="876" VPOS="1437" ID="st6-734"/><SP/><String HEIGHT="26" CONTENT="small" WIDTH="60" HPOS="901" VPOS="1437" ID="st6-735"/><SP/><String HEIGHT="26" CONTENT="group" WIDTH="71" HPOS="973" VPOS="1437" ID="st6-736"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1056" VPOS="1437" ID="st6-737"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="1092" VPOS="1437" ID="st6-738"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1212" VPOS="1437" ID="st6-739"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1245" VPOS="1437" ID="st6-740"/><SP/><String HEIGHT="26" CONTENT="context" WIDTH="88" HPOS="1271" VPOS="1437" ID="st6-741"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1370" VPOS="1437" ID="st6-742"/><SP/><String HEIGHT="26" CONTENT="nor" WIDTH="37" HPOS="1407" VPOS="1437" ID="st6-743" SUBS_TYPE="HypPart1" SUBS_CONTENT="nor8"/><HYP CONTENT="-" WIDTH="12" HPOS="1444" VPOS="1437" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1509" ID="tl6-96" WIDTH="581" HEIGHT="24"><String HEIGHT="24" CONTENT="8" WIDTH="14" HPOS="875" VPOS="1509" ID="st6-744" SUBS_TYPE="HypPart2" SUBS_CONTENT="nor8"/><SP/><String HEIGHT="24" CONTENT="In" WIDTH="19" HPOS="907" VPOS="1509" ID="st6-745"/><SP/><String HEIGHT="24" CONTENT="late" WIDTH="39" HPOS="936" VPOS="1509" ID="st6-746"/><SP/><String HEIGHT="24" CONTENT="October" WIDTH="86" HPOS="984" VPOS="1509" ID="st6-747"/><SP/><String HEIGHT="24" CONTENT="2008" WIDTH="50" HPOS="1079" VPOS="1509" ID="st6-748"/><String HEIGHT="24" CONTENT="," WIDTH="13" HPOS="1129" VPOS="1509" ID="st6-749"/><SP/><String HEIGHT="24" CONTENT="the" WIDTH="35" HPOS="1151" VPOS="1509" ID="st6-750"/><SP/><String HEIGHT="24" CONTENT="IMF" WIDTH="39" HPOS="1195" VPOS="1509" ID="st6-751"/><SP/><String HEIGHT="24" CONTENT="informed" WIDTH="97" HPOS="1243" VPOS="1509" ID="st6-752"/><SP/><String HEIGHT="24" CONTENT="about" WIDTH="63" HPOS="1349" VPOS="1509" ID="st6-753"/><SP/><String HEIGHT="24" CONTENT="the" WIDTH="35" HPOS="1421" VPOS="1509" ID="st6-754"/></TextLine><TextLine HPOS="907" VPOS="1538" ID="tl6-97" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="creation" WIDTH="86" HPOS="907" VPOS="1538" ID="st6-755"/><SP/><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="1007" VPOS="1538" ID="st6-756"/><SP/><String HEIGHT="24" CONTENT="a" WIDTH="13" HPOS="1043" VPOS="1538" ID="st6-757"/><SP/><String HEIGHT="24" CONTENT="new" WIDTH="46" HPOS="1070" VPOS="1538" ID="st6-758"/><SP/><String HEIGHT="24" CONTENT="credit" WIDTH="60" HPOS="1130" VPOS="1538" ID="st6-759"/><SP/><String HEIGHT="24" CONTENT="line" WIDTH="37" HPOS="1204" VPOS="1538" ID="st6-760"/><SP/><String HEIGHT="24" CONTENT="of" WIDTH="23" HPOS="1255" VPOS="1538" ID="st6-761"/><SP/><String HEIGHT="24" CONTENT="immediate" WIDTH="112" HPOS="1292" VPOS="1538" ID="st6-762"/><SP/><String HEIGHT="24" CONTENT="dis" WIDTH="28" HPOS="1419" VPOS="1538" ID="st6-763" SUBS_TYPE="HypPart1" SUBS_CONTENT="disbursement"/><HYP CONTENT="-" WIDTH="9" HPOS="1447" VPOS="1538" HEIGHT="24"/></TextLine><TextLine HPOS="907" VPOS="1567" ID="tl6-98" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="bursement" WIDTH="114" HPOS="907" VPOS="1567" ID="st6-764" SUBS_TYPE="HypPart2" SUBS_CONTENT="disbursement"/><SP/><String HEIGHT="24" CONTENT="–" WIDTH="13" HPOS="1028" VPOS="1567" ID="st6-765"/><SP/><String HEIGHT="24" CONTENT="the" WIDTH="35" HPOS="1048" VPOS="1567" ID="st6-766"/><SP/><String HEIGHT="24" CONTENT="Short" WIDTH="57" HPOS="1091" VPOS="1567" ID="st6-767"/><SP/><String HEIGHT="24" CONTENT="Term" WIDTH="54" HPOS="1155" VPOS="1567" ID="st6-768"/><SP/><String HEIGHT="24" CONTENT="Liquidity" WIDTH="89" HPOS="1217" VPOS="1567" ID="st6-769"/><SP/><String HEIGHT="24" CONTENT="Facility" WIDTH="71" HPOS="1313" VPOS="1567" ID="st6-770"/><SP/><String HEIGHT="24" CONTENT="–" WIDTH="12" HPOS="1392" VPOS="1567" ID="st6-771"/><SP/><String HEIGHT="24" CONTENT="pro" WIDTH="33" HPOS="1412" VPOS="1567" ID="st6-772" SUBS_TYPE="HypPart1" SUBS_CONTENT="providing"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="1567" HEIGHT="24"/></TextLine><TextLine HPOS="907" VPOS="1596" ID="tl6-99" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="viding" WIDTH="64" HPOS="907" VPOS="1596" ID="st6-773" SUBS_TYPE="HypPart2" SUBS_CONTENT="providing"/><SP/><String HEIGHT="24" CONTENT="up" WIDTH="27" HPOS="982" VPOS="1596" ID="st6-774"/><SP/><String HEIGHT="24" CONTENT="to" WIDTH="22" HPOS="1020" VPOS="1596" ID="st6-775"/><SP/><String HEIGHT="24" CONTENT="500" WIDTH="50" HPOS="1053" VPOS="1596" ID="st6-776"/><String HEIGHT="24" CONTENT="%" WIDTH="17" HPOS="1103" VPOS="1596" ID="st6-777"/><SP/><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="1130" VPOS="1596" ID="st6-778"/><SP/><String HEIGHT="24" CONTENT="the" WIDTH="35" HPOS="1163" VPOS="1596" ID="st6-779"/><SP/><String HEIGHT="24" CONTENT="countries" WIDTH="97" HPOS="1209" VPOS="1596" ID="st6-780"/><SP/><String HEIGHT="24" CONTENT="quota" WIDTH="62" HPOS="1317" VPOS="1596" ID="st6-781"/><SP/><String HEIGHT="24" CONTENT="at" WIDTH="21" HPOS="1390" VPOS="1596" ID="st6-782"/><SP/><String HEIGHT="24" CONTENT="the" WIDTH="35" HPOS="1421" VPOS="1596" ID="st6-783"/></TextLine><TextLine HPOS="907" VPOS="1625" ID="tl6-100" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="IMF" WIDTH="39" HPOS="907" VPOS="1625" ID="st6-784"/><SP/><String HEIGHT="24" CONTENT="for" WIDTH="31" HPOS="957" VPOS="1625" ID="st6-785"/><SP/><String HEIGHT="24" CONTENT="a" WIDTH="12" HPOS="999" VPOS="1625" ID="st6-786"/><SP/><String HEIGHT="24" CONTENT="3" WIDTH="14" HPOS="1022" VPOS="1625" ID="st6-787"/><SP/><String HEIGHT="24" CONTENT="months" WIDTH="81" HPOS="1047" VPOS="1625" ID="st6-788"/><SP/><String HEIGHT="24" CONTENT="period" WIDTH="64" HPOS="1139" VPOS="1625" ID="st6-789"/><String HEIGHT="24" CONTENT="," WIDTH="11" HPOS="1203" VPOS="1625" ID="st6-790"/><SP/><String HEIGHT="24" CONTENT="with" WIDTH="47" HPOS="1225" VPOS="1625" ID="st6-791"/><SP/><String HEIGHT="24" CONTENT="the" WIDTH="34" HPOS="1284" VPOS="1625" ID="st6-792"/><SP/><String HEIGHT="24" CONTENT="option" WIDTH="70" HPOS="1329" VPOS="1625" ID="st6-793"/><SP/><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="1410" VPOS="1625" ID="st6-794"/><SP/><String HEIGHT="24" CONTENT="a" WIDTH="13" HPOS="1443" VPOS="1625" ID="st6-795"/></TextLine><TextLine HPOS="907" VPOS="1654" ID="tl6-101" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="double" WIDTH="74" HPOS="907" VPOS="1654" ID="st6-796"/><SP/><String HEIGHT="24" CONTENT="renewal" WIDTH="80" HPOS="989" VPOS="1654" ID="st6-797"/><String HEIGHT="24" CONTENT="." WIDTH="12" HPOS="1069" VPOS="1654" ID="st6-798"/><SP/><String HEIGHT="24" CONTENT="The" WIDTH="38" HPOS="1090" VPOS="1654" ID="st6-799"/><SP/><String HEIGHT="24" CONTENT="only" WIDTH="44" HPOS="1137" VPOS="1654" ID="st6-800"/><SP/><String HEIGHT="24" CONTENT="conditionality" WIDTH="143" HPOS="1190" VPOS="1654" ID="st6-801"/><SP/><String HEIGHT="24" CONTENT="of" WIDTH="22" HPOS="1342" VPOS="1654" ID="st6-802"/><SP/><String HEIGHT="24" CONTENT="this" WIDTH="38" HPOS="1372" VPOS="1654" ID="st6-803"/><SP/><String HEIGHT="24" CONTENT="line" WIDTH="37" HPOS="1419" VPOS="1654" ID="st6-804"/></TextLine><TextLine HPOS="907" VPOS="1683" ID="tl6-102" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="was" WIDTH="42" HPOS="907" VPOS="1683" ID="st6-805"/><SP/><String HEIGHT="24" CONTENT="a" WIDTH="12" HPOS="957" VPOS="1683" ID="st6-806"/><SP/><String HEIGHT="24" CONTENT="favorable" WIDTH="98" HPOS="978" VPOS="1683" ID="st6-807"/><SP/><String HEIGHT="24" CONTENT="evaluation" WIDTH="110" HPOS="1084" VPOS="1683" ID="st6-808"/><SP/><String HEIGHT="24" CONTENT="in" WIDTH="20" HPOS="1202" VPOS="1683" ID="st6-809"/><SP/><String HEIGHT="24" CONTENT="a" WIDTH="12" HPOS="1230" VPOS="1683" ID="st6-810"/><SP/><String HEIGHT="24" CONTENT="regular" WIDTH="75" HPOS="1251" VPOS="1683" ID="st6-811"/><SP/><String HEIGHT="24" CONTENT="inform" WIDTH="71" HPOS="1334" VPOS="1683" ID="st6-812"/><SP/><String HEIGHT="24" CONTENT="pre" WIDTH="33" HPOS="1413" VPOS="1683" ID="st6-813" SUBS_TYPE="HypPart1" SUBS_CONTENT="prepared"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="1683" HEIGHT="24"/></TextLine><TextLine HPOS="907" VPOS="1713" ID="tl6-103" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="pared" WIDTH="61" HPOS="907" VPOS="1713" ID="st6-814" SUBS_TYPE="HypPart2" SUBS_CONTENT="prepared"/><SP/><String HEIGHT="23" CONTENT="by" WIDTH="25" HPOS="982" VPOS="1713" ID="st6-815"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="1020" VPOS="1713" ID="st6-816"/><SP/><String HEIGHT="23" CONTENT="IMF" WIDTH="39" HPOS="1069" VPOS="1713" ID="st6-817"/><SP/><String HEIGHT="23" CONTENT="staff" WIDTH="47" HPOS="1121" VPOS="1713" ID="st6-818"/><SP/><String HEIGHT="23" CONTENT="under" WIDTH="62" HPOS="1182" VPOS="1713" ID="st6-819"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="1258" VPOS="1713" ID="st6-820"/><SP/><String HEIGHT="23" CONTENT="article" WIDTH="63" HPOS="1307" VPOS="1713" ID="st6-821"/><SP/><String HEIGHT="23" CONTENT="IV" WIDTH="18" HPOS="1384" VPOS="1713" ID="st6-822"/><String HEIGHT="23" CONTENT="." WIDTH="10" HPOS="1402" VPOS="1713" ID="st6-823"/><SP/><String HEIGHT="23" CONTENT="No" WIDTH="31" HPOS="1425" VPOS="1713" ID="st6-824"/></TextLine><TextLine HPOS="907" VPOS="1742" ID="tl6-104" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="country" WIDTH="80" HPOS="907" VPOS="1742" ID="st6-825"/><SP/><String HEIGHT="23" CONTENT="has" WIDTH="36" HPOS="1000" VPOS="1742" ID="st6-826"/><SP/><String HEIGHT="23" CONTENT="required" WIDTH="89" HPOS="1048" VPOS="1742" ID="st6-827"/><SP/><String HEIGHT="23" CONTENT="this" WIDTH="37" HPOS="1149" VPOS="1742" ID="st6-828"/><SP/><String HEIGHT="23" CONTENT="line" WIDTH="37" HPOS="1199" VPOS="1742" ID="st6-829"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="41" HPOS="1248" VPOS="1742" ID="st6-830"/><SP/><String HEIGHT="23" CONTENT="on" WIDTH="28" HPOS="1301" VPOS="1742" ID="st6-831"/><SP/><String HEIGHT="23" CONTENT="March" WIDTH="68" HPOS="1341" VPOS="1742" ID="st6-832"/><SP/><String HEIGHT="23" CONTENT="24" WIDTH="23" HPOS="1421" VPOS="1742" ID="st6-833"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="1444" VPOS="1742" ID="st6-834"/></TextLine><TextLine HPOS="907" VPOS="1771" ID="tl6-105" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="2009" WIDTH="56" HPOS="907" VPOS="1771" ID="st6-835"/><SP/><String HEIGHT="23" CONTENT="its" WIDTH="24" HPOS="977" VPOS="1771" ID="st6-836"/><SP/><String HEIGHT="23" CONTENT="discontinuation" WIDTH="164" HPOS="1016" VPOS="1771" ID="st6-837"/><SP/><String HEIGHT="23" CONTENT="was" WIDTH="41" HPOS="1195" VPOS="1771" ID="st6-838"/><SP/><String HEIGHT="23" CONTENT="announced" WIDTH="113" HPOS="1251" VPOS="1771" ID="st6-839"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="1364" VPOS="1771" ID="st6-840"/><SP/><String HEIGHT="23" CONTENT="In" WIDTH="20" HPOS="1392" VPOS="1771" ID="st6-841"/><SP/><String HEIGHT="23" CONTENT="re" WIDTH="20" HPOS="1427" VPOS="1771" ID="st6-842" SUBS_TYPE="HypPart1" SUBS_CONTENT="replacement"/><HYP CONTENT="-" WIDTH="9" HPOS="1447" VPOS="1771" HEIGHT="23"/></TextLine><TextLine HPOS="907" VPOS="1800" ID="tl6-106" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="placement" WIDTH="106" HPOS="907" VPOS="1800" ID="st6-843" SUBS_TYPE="HypPart2" SUBS_CONTENT="replacement"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="1013" VPOS="1800" ID="st6-844"/><SP/><String HEIGHT="23" CONTENT="on" WIDTH="28" HPOS="1035" VPOS="1800" ID="st6-845"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="34" HPOS="1074" VPOS="1800" ID="st6-846"/><SP/><String HEIGHT="23" CONTENT="same" WIDTH="55" HPOS="1119" VPOS="1800" ID="st6-847"/><SP/><String HEIGHT="23" CONTENT="date" WIDTH="48" HPOS="1184" VPOS="1800" ID="st6-848"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="1242" VPOS="1800" ID="st6-849"/><SP/><String HEIGHT="23" CONTENT="IMF" WIDTH="39" HPOS="1287" VPOS="1800" ID="st6-850"/><SP/><String HEIGHT="23" CONTENT="announced" WIDTH="119" HPOS="1337" VPOS="1800" ID="st6-851"/></TextLine><TextLine HPOS="907" VPOS="1829" ID="tl6-107" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="907" VPOS="1829" ID="st6-852"/><SP/><String HEIGHT="23" CONTENT="creation" WIDTH="86" HPOS="950" VPOS="1829" ID="st6-853"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="22" HPOS="1045" VPOS="1829" ID="st6-854"/><SP/><String HEIGHT="23" CONTENT="a" WIDTH="13" HPOS="1075" VPOS="1829" ID="st6-855"/><SP/><String HEIGHT="23" CONTENT="new" WIDTH="46" HPOS="1096" VPOS="1829" ID="st6-856"/><SP/><String HEIGHT="23" CONTENT="line" WIDTH="35" HPOS="1151" VPOS="1829" ID="st6-857"/><String HEIGHT="23" CONTENT="," WIDTH="9" HPOS="1186" VPOS="1829" ID="st6-858"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="1203" VPOS="1829" ID="st6-859"/><SP/><String HEIGHT="23" CONTENT="Flexible" WIDTH="78" HPOS="1246" VPOS="1829" ID="st6-860"/><SP/><String HEIGHT="23" CONTENT="Credit" WIDTH="65" HPOS="1333" VPOS="1829" ID="st6-861"/><SP/><String HEIGHT="23" CONTENT="Line" WIDTH="40" HPOS="1406" VPOS="1829" ID="st6-862"/><String HEIGHT="23" CONTENT="." WIDTH="10" HPOS="1446" VPOS="1829" ID="st6-863"/></TextLine><TextLine HPOS="907" VPOS="1858" ID="tl6-108" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="However" WIDTH="88" HPOS="907" VPOS="1858" ID="st6-864"/><String HEIGHT="23" CONTENT="," WIDTH="13" HPOS="995" VPOS="1858" ID="st6-865"/><SP/><String HEIGHT="23" CONTENT="since" WIDTH="53" HPOS="1026" VPOS="1858" ID="st6-866"/><SP/><String HEIGHT="23" CONTENT="September" WIDTH="115" HPOS="1097" VPOS="1858" ID="st6-867"/><SP/><String HEIGHT="23" CONTENT="2008" WIDTH="49" HPOS="1230" VPOS="1858" ID="st6-868"/><String HEIGHT="23" CONTENT="," WIDTH="13" HPOS="1279" VPOS="1858" ID="st6-869"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="1310" VPOS="1858" ID="st6-870"/><SP/><String HEIGHT="23" CONTENT="IMF" WIDTH="39" HPOS="1363" VPOS="1858" ID="st6-871"/><SP/><String HEIGHT="23" CONTENT="has" WIDTH="36" HPOS="1420" VPOS="1858" ID="st6-872"/></TextLine><TextLine HPOS="907" VPOS="1887" ID="tl6-109" WIDTH="556" HEIGHT="23"><String HEIGHT="23" CONTENT="signed" WIDTH="69" HPOS="907" VPOS="1887" ID="st6-873"/><SP/><String HEIGHT="23" CONTENT="stand" WIDTH="57" HPOS="984" VPOS="1887" ID="st6-874"/><String HEIGHT="23" CONTENT="-" WIDTH="12" HPOS="1041" VPOS="1887" ID="st6-875"/><String HEIGHT="23" CONTENT="by" WIDTH="23" HPOS="1053" VPOS="1887" ID="st6-876"/><SP/><String HEIGHT="23" CONTENT="programs" WIDTH="101" HPOS="1084" VPOS="1887" ID="st6-877"/><SP/><String HEIGHT="23" CONTENT="with" WIDTH="48" HPOS="1193" VPOS="1887" ID="st6-878"/><SP/><String HEIGHT="23" CONTENT="Belarus" WIDTH="72" HPOS="1249" VPOS="1887" ID="st6-879"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1321" VPOS="1887" ID="st6-880"/><SP/><String HEIGHT="23" CONTENT="El" WIDTH="18" HPOS="1340" VPOS="1887" ID="st6-881"/><SP/><String HEIGHT="23" CONTENT="Salvador" WIDTH="86" HPOS="1366" VPOS="1887" ID="st6-882"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1452" VPOS="1887" ID="st6-883"/></TextLine><TextLine HPOS="907" VPOS="1916" ID="tl6-110" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="Georgia" WIDTH="80" HPOS="907" VPOS="1916" ID="st6-884"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="987" VPOS="1916" ID="st6-885"/><SP/><String HEIGHT="23" CONTENT="Hungary" WIDTH="85" HPOS="1007" VPOS="1916" ID="st6-886"/><String HEIGHT="23" CONTENT="," WIDTH="13" HPOS="1092" VPOS="1916" ID="st6-887"/><SP/><String HEIGHT="23" CONTENT="Iceland" WIDTH="71" HPOS="1113" VPOS="1916" ID="st6-888"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1184" VPOS="1916" ID="st6-889"/><SP/><String HEIGHT="23" CONTENT="Latvia" WIDTH="58" HPOS="1204" VPOS="1916" ID="st6-890"/><String HEIGHT="23" CONTENT="," WIDTH="10" HPOS="1262" VPOS="1916" ID="st6-891"/><SP/><String HEIGHT="23" CONTENT="Pakistan" WIDTH="83" HPOS="1281" VPOS="1916" ID="st6-892"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1364" VPOS="1916" ID="st6-893"/><SP/><String HEIGHT="23" CONTENT="Serbia" WIDTH="61" HPOS="1384" VPOS="1916" ID="st6-894"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1445" VPOS="1916" ID="st6-895"/></TextLine><TextLine HPOS="907" VPOS="1945" ID="tl6-111" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="Seychelles" WIDTH="103" HPOS="907" VPOS="1945" ID="st6-896"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1010" VPOS="1945" ID="st6-897"/><SP/><String HEIGHT="23" CONTENT="Ukraine" WIDTH="82" HPOS="1032" VPOS="1945" ID="st6-898"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="1125" VPOS="1945" ID="st6-899"/><SP/><String HEIGHT="23" CONTENT="Romania" WIDTH="87" HPOS="1176" VPOS="1945" ID="st6-900"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="1263" VPOS="1945" ID="st6-901"/><SP/><String HEIGHT="23" CONTENT="These" WIDTH="61" HPOS="1287" VPOS="1945" ID="st6-902"/><SP/><String HEIGHT="23" CONTENT="countries" WIDTH="97" HPOS="1359" VPOS="1945" ID="st6-903"/></TextLine><TextLine HPOS="907" VPOS="1974" ID="tl6-112" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="are" WIDTH="33" HPOS="907" VPOS="1974" ID="st6-904"/><SP/><String HEIGHT="23" CONTENT="between" WIDTH="93" HPOS="947" VPOS="1974" ID="st6-905"/><SP/><String HEIGHT="23" CONTENT="those" WIDTH="59" HPOS="1047" VPOS="1974" ID="st6-906"/><SP/><String HEIGHT="23" CONTENT="who" WIDTH="47" HPOS="1113" VPOS="1974" ID="st6-907"/><SP/><String HEIGHT="23" CONTENT="have" WIDTH="50" HPOS="1167" VPOS="1974" ID="st6-908"/><SP/><String HEIGHT="23" CONTENT="been" WIDTH="53" HPOS="1224" VPOS="1974" ID="st6-909"/><SP/><String HEIGHT="23" CONTENT="suffering" WIDTH="94" HPOS="1284" VPOS="1974" ID="st6-910"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="1385" VPOS="1974" ID="st6-911"/><SP/><String HEIGHT="23" CONTENT="ef" WIDTH="20" HPOS="1427" VPOS="1974" ID="st6-912" SUBS_TYPE="HypPart1" SUBS_CONTENT="effects"/><HYP CONTENT="-" WIDTH="9" HPOS="1447" VPOS="1974" HEIGHT="23"/></TextLine><TextLine HPOS="907" VPOS="2003" ID="tl6-113" WIDTH="366" HEIGHT="23"><String HEIGHT="23" CONTENT="fects" WIDTH="50" HPOS="907" VPOS="2003" ID="st6-913" SUBS_TYPE="HypPart2" SUBS_CONTENT="effects"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="22" HPOS="964" VPOS="2003" ID="st6-914"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="993" VPOS="2003" ID="st6-915"/><SP/><String HEIGHT="23" CONTENT="global" WIDTH="65" HPOS="1035" VPOS="2003" ID="st6-916"/><SP/><String HEIGHT="23" CONTENT="crises" WIDTH="57" HPOS="1107" VPOS="2003" ID="st6-917"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="1171" VPOS="2003" ID="st6-918"/><SP/><String HEIGHT="23" CONTENT="most" WIDTH="48" HPOS="1213" VPOS="2003" ID="st6-919"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="1261" VPOS="2003" ID="st6-920"/></TextLine><TextLine HPOS="878" VPOS="2032" ID="tl6-114" WIDTH="578" HEIGHT="23"><String HEIGHT="23" CONTENT="9" WIDTH="14" HPOS="878" VPOS="2032" ID="st6-921"/><SP/><String HEIGHT="23" CONTENT="Blanchard" WIDTH="100" HPOS="907" VPOS="2032" ID="st6-922"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="1007" VPOS="2032" ID="st6-923"/><SP/><String HEIGHT="23" CONTENT="O" WIDTH="10" HPOS="1032" VPOS="2032" ID="st6-924"/><String HEIGHT="23" CONTENT="." WIDTH="11" HPOS="1042" VPOS="2032" ID="st6-925"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1053" VPOS="2032" ID="st6-926"/><SP/><String HEIGHT="23" CONTENT="Spilimbergo" WIDTH="121" HPOS="1077" VPOS="2032" ID="st6-927"/><String HEIGHT="23" CONTENT="," WIDTH="12" HPOS="1198" VPOS="2032" ID="st6-928"/><SP/><String HEIGHT="23" CONTENT="A" WIDTH="12" HPOS="1223" VPOS="2032" ID="st6-929"/><String HEIGHT="23" CONTENT="." WIDTH="12" HPOS="1235" VPOS="2032" ID="st6-930"/><SP/><String HEIGHT="23" CONTENT="and" WIDTH="41" HPOS="1259" VPOS="2032" ID="st6-931"/><SP/><String HEIGHT="23" CONTENT="Symansky" WIDTH="98" HPOS="1313" VPOS="2032" ID="st6-932"/><String HEIGHT="23" CONTENT="," WIDTH="13" HPOS="1411" VPOS="2032" ID="st6-933"/><SP/><String HEIGHT="23" CONTENT="S" WIDTH="9" HPOS="1437" VPOS="2032" ID="st6-934"/><String HEIGHT="23" CONTENT="." WIDTH="10" HPOS="1446" VPOS="2032" ID="st6-935"/></TextLine><TextLine HPOS="907" VPOS="2061" ID="tl6-115" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="2008" WIDTH="50" HPOS="907" VPOS="2061" ID="st6-936"/><String HEIGHT="24" CONTENT="." WIDTH="13" HPOS="957" VPOS="2061" ID="st6-937"/><SP/><String HEIGHT="24" CONTENT="Fiscal" WIDTH="55" HPOS="979" VPOS="2061" ID="st6-938"/><SP/><String HEIGHT="24" CONTENT="Policy" WIDTH="60" HPOS="1043" VPOS="2061" ID="st6-939"/><SP/><String HEIGHT="24" CONTENT="for" WIDTH="30" HPOS="1112" VPOS="2061" ID="st6-940"/><SP/><String HEIGHT="24" CONTENT="the" WIDTH="35" HPOS="1151" VPOS="2061" ID="st6-941"/><SP/><String HEIGHT="24" CONTENT="Crisis" WIDTH="53" HPOS="1195" VPOS="2061" ID="st6-942"/><String HEIGHT="24" CONTENT="," WIDTH="9" HPOS="1248" VPOS="2061" ID="st6-943"/><SP/><String HEIGHT="24" CONTENT="IMF" WIDTH="39" HPOS="1266" VPOS="2061" ID="st6-944"/><SP/><String HEIGHT="24" CONTENT="Staff" WIDTH="50" HPOS="1314" VPOS="2061" ID="st6-945"/><SP/><String HEIGHT="24" CONTENT="Position" WIDTH="83" HPOS="1373" VPOS="2061" ID="st6-946"/></TextLine><TextLine HPOS="907" VPOS="2090" ID="tl6-116" WIDTH="183" HEIGHT="24"><String HEIGHT="24" CONTENT="Note" WIDTH="46" HPOS="907" VPOS="2090" ID="st6-947"/><String HEIGHT="24" CONTENT="," WIDTH="12" HPOS="953" VPOS="2090" ID="st6-948"/><SP/><String HEIGHT="24" CONTENT="SPN/08/01" WIDTH="106" HPOS="972" VPOS="2090" ID="st6-949"/><String HEIGHT="24" CONTENT="." WIDTH="12" HPOS="1078" VPOS="2090" ID="st6-950"/></TextLine></TextBlock></PrintSpace></Page><Page WIDTH="1652" PHYSICAL_IMG_NR="7" ID="p671709" HEIGHT="2338"><PrintSpace WIDTH="1652" HPOS="0" VPOS="0" ID="ps671709" HEIGHT="2338"><TextBlock WIDTH="1652" HPOS="0" VPOS="0" ID="tb671709" HEIGHT="2338"><TextLine HPOS="197" VPOS="103" ID="tl7-0" WIDTH="1224" HEIGHT="21"><String HEIGHT="21" CONTENT="Reflections" WIDTH="96" HPOS="197" VPOS="103" ID="st7-0"/><SP/><String HEIGHT="21" CONTENT="on" WIDTH="24" HPOS="299" VPOS="103" ID="st7-1"/><SP/><String HEIGHT="21" CONTENT="the" WIDTH="30" HPOS="328" VPOS="103" ID="st7-2"/><SP/><String HEIGHT="21" CONTENT="Current" WIDTH="70" HPOS="362" VPOS="103" ID="st7-3"/><SP/><String HEIGHT="21" CONTENT="Global" WIDTH="59" HPOS="437" VPOS="103" ID="st7-4"/><SP/><String HEIGHT="21" CONTENT="Crisis" WIDTH="47" HPOS="501" VPOS="103" ID="st7-5"/><SP/><String HEIGHT="21" CONTENT="FES" WIDTH="32" HPOS="670" VPOS="103" ID="st7-6"/><SP/><String HEIGHT="21" CONTENT="Briefing" WIDTH="72" HPOS="709" VPOS="103" ID="st7-7"/><SP/><String HEIGHT="21" CONTENT="Paper" WIDTH="53" HPOS="788" VPOS="103" ID="st7-8"/><SP/><String HEIGHT="21" CONTENT="6" WIDTH="12" HPOS="847" VPOS="103" ID="st7-9"/><String HEIGHT="21" CONTENT="|" WIDTH="5" HPOS="865" VPOS="103" ID="st7-10"/><SP/><String HEIGHT="21" CONTENT="May" WIDTH="41" HPOS="876" VPOS="103" ID="st7-11"/><SP/><String HEIGHT="21" CONTENT="2009" WIDTH="50" HPOS="923" VPOS="103" ID="st7-12"/><SP/><String HEIGHT="21" CONTENT="Page" WIDTH="45" HPOS="1376" VPOS="103" ID="st7-13"/></TextLine><TextLine HPOS="1439" VPOS="104" ID="tl7-1" WIDTH="12" HEIGHT="21"><String HEIGHT="21" CONTENT="7" WIDTH="12" HPOS="1439" VPOS="104" ID="st7-14"/></TextLine><TextLine HPOS="197" VPOS="204" ID="tl7-2" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="mality" WIDTH="71" HPOS="197" VPOS="204" ID="st7-15"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="276" VPOS="204" ID="st7-16"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="305" VPOS="204" ID="st7-17"/><SP/><String HEIGHT="26" CONTENT="rest" WIDTH="43" HPOS="352" VPOS="204" ID="st7-18"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="403" VPOS="204" ID="st7-19"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="436" VPOS="204" ID="st7-20"/><SP/><String HEIGHT="26" CONTENT="economies" WIDTH="127" HPOS="482" VPOS="204" ID="st7-21"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="617" VPOS="204" ID="st7-22"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="670" VPOS="204" ID="st7-23"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="699" VPOS="204" ID="st7-24"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="746" VPOS="204" ID="st7-25" SUBS_TYPE="HypPart1" SUBS_CONTENT="international"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="204" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="237" ID="tl7-3" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="ternational" WIDTH="128" HPOS="197" VPOS="237" ID="st7-26" SUBS_TYPE="HypPart2" SUBS_CONTENT="international"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="333" VPOS="237" ID="st7-27"/><SP/><String HEIGHT="26" CONTENT="market" WIDTH="78" HPOS="440" VPOS="237" ID="st7-28"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="518" VPOS="237" ID="st7-29"/><SP/><String HEIGHT="26" CONTENT="When" WIDTH="71" HPOS="539" VPOS="237" ID="st7-30"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="618" VPOS="237" ID="st7-31"/><SP/><String HEIGHT="26" CONTENT="emerging" WIDTH="113" HPOS="664" VPOS="237" ID="st7-32"/></TextLine><TextLine HPOS="197" VPOS="270" ID="tl7-4" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="market" WIDTH="83" HPOS="197" VPOS="270" ID="st7-33"/><SP/><String HEIGHT="27" CONTENT="economies" WIDTH="127" HPOS="293" VPOS="270" ID="st7-34"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="64" HPOS="433" VPOS="270" ID="st7-35"/><SP/><String HEIGHT="27" CONTENT="during" WIDTH="77" HPOS="510" VPOS="270" ID="st7-36"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="601" VPOS="270" ID="st7-37"/><SP/><String HEIGHT="27" CONTENT="1990s" WIDTH="72" HPOS="653" VPOS="270" ID="st7-38"/><SP/><String HEIGHT="27" CONTENT="be" WIDTH="26" HPOS="738" VPOS="270" ID="st7-39" SUBS_TYPE="HypPart1" SUBS_CONTENT="became"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="270" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="304" ID="tl7-5" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="came" WIDTH="63" HPOS="197" VPOS="304" ID="st7-40" SUBS_TYPE="HypPart2" SUBS_CONTENT="became"/><SP/><String HEIGHT="26" CONTENT="recurrent" WIDTH="103" HPOS="283" VPOS="304" ID="st7-41"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="386" VPOS="304" ID="st7-42"/><SP/><String HEIGHT="26" CONTENT="many" WIDTH="65" HPOS="421" VPOS="304" ID="st7-43"/><SP/><String HEIGHT="26" CONTENT="analysts" WIDTH="93" HPOS="509" VPOS="304" ID="st7-44"/><SP/><String HEIGHT="26" CONTENT="had" WIDTH="45" HPOS="624" VPOS="304" ID="st7-45"/><SP/><String HEIGHT="26" CONTENT="already" WIDTH="85" HPOS="692" VPOS="304" ID="st7-46"/></TextLine><TextLine HPOS="197" VPOS="337" ID="tl7-6" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="pointed" WIDTH="91" HPOS="197" VPOS="337" ID="st7-47"/><SP/><String HEIGHT="26" CONTENT="out" WIDTH="40" HPOS="304" VPOS="337" ID="st7-48"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="360" VPOS="337" ID="st7-49"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="425" VPOS="337" ID="st7-50"/><SP/><String HEIGHT="26" CONTENT="amount" WIDTH="92" HPOS="480" VPOS="337" ID="st7-51"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="589" VPOS="337" ID="st7-52"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="98" HPOS="630" VPOS="337" ID="st7-53"/><SP/><String HEIGHT="26" CONTENT="re" WIDTH="22" HPOS="745" VPOS="337" ID="st7-54" SUBS_TYPE="HypPart1" SUBS_CONTENT="resources"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="337" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="370" ID="tl7-7" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="sources" WIDTH="88" HPOS="197" VPOS="370" ID="st7-55" SUBS_TYPE="HypPart2" SUBS_CONTENT="resources"/><SP/><String HEIGHT="27" CONTENT="available" WIDTH="102" HPOS="292" VPOS="370" ID="st7-56"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="402" VPOS="370" ID="st7-57"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="454" VPOS="370" ID="st7-58"/><SP/><String HEIGHT="27" CONTENT="nature" WIDTH="77" HPOS="501" VPOS="370" ID="st7-59"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="586" VPOS="370" ID="st7-60"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="618" VPOS="370" ID="st7-61"/><SP/><String HEIGHT="27" CONTENT="programs" WIDTH="113" HPOS="664" VPOS="370" ID="st7-62"/></TextLine><TextLine HPOS="197" VPOS="404" ID="tl7-8" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="were" WIDTH="58" HPOS="197" VPOS="404" ID="st7-63"/><SP/><String HEIGHT="26" CONTENT="both" WIDTH="56" HPOS="269" VPOS="404" ID="st7-64"/><SP/><String HEIGHT="26" CONTENT="insufficient" WIDTH="130" HPOS="339" VPOS="404" ID="st7-65"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="483" VPOS="404" ID="st7-66"/><SP/><String HEIGHT="26" CONTENT="inadequate" WIDTH="133" HPOS="542" VPOS="404" ID="st7-67"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="689" VPOS="404" ID="st7-68"/><SP/><String HEIGHT="26" CONTENT="deal" WIDTH="49" HPOS="728" VPOS="404" ID="st7-69"/></TextLine><TextLine HPOS="197" VPOS="437" ID="tl7-9" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="with" WIDTH="52" HPOS="197" VPOS="437" ID="st7-70"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="259" VPOS="437" ID="st7-71"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="331" VPOS="437" ID="st7-72"/><SP/><String HEIGHT="26" CONTENT="contagion" WIDTH="118" HPOS="386" VPOS="437" ID="st7-73"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="514" VPOS="437" ID="st7-74"/><SP/><String HEIGHT="26" CONTENT="an" WIDTH="29" HPOS="545" VPOS="437" ID="st7-75"/><SP/><String HEIGHT="26" CONTENT="increasingly" WIDTH="137" HPOS="584" VPOS="437" ID="st7-76"/><SP/><String HEIGHT="26" CONTENT="glo" WIDTH="35" HPOS="731" VPOS="437" ID="st7-77" SUBS_TYPE="HypPart1" SUBS_CONTENT="globalized"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="437" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="470" ID="tl7-10" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="balized" WIDTH="83" HPOS="197" VPOS="470" ID="st7-78" SUBS_TYPE="HypPart2" SUBS_CONTENT="globalized"/><SP/><String HEIGHT="27" CONTENT="world" WIDTH="63" HPOS="288" VPOS="470" ID="st7-79"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="351" VPOS="470" ID="st7-80"/><SP/><String HEIGHT="27" CONTENT="But" WIDTH="40" HPOS="372" VPOS="470" ID="st7-81"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="420" VPOS="470" ID="st7-82"/><SP/><String HEIGHT="27" CONTENT="current" WIDTH="85" HPOS="467" VPOS="470" ID="st7-83"/><SP/><String HEIGHT="27" CONTENT="situation" WIDTH="102" HPOS="560" VPOS="470" ID="st7-84"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="670" VPOS="470" ID="st7-85"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="700" VPOS="470" ID="st7-86"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="746" VPOS="470" ID="st7-87" SUBS_TYPE="HypPart1" SUBS_CONTENT="international"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="470" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="504" ID="tl7-11" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="ternational" WIDTH="128" HPOS="197" VPOS="504" ID="st7-88" SUBS_TYPE="HypPart2" SUBS_CONTENT="international"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="335" VPOS="504" ID="st7-89"/><SP/><String HEIGHT="26" CONTENT="market" WIDTH="84" HPOS="445" VPOS="504" ID="st7-90"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="539" VPOS="504" ID="st7-91"/><SP/><String HEIGHT="26" CONTENT="completely" WIDTH="128" HPOS="567" VPOS="504" ID="st7-92"/><SP/><String HEIGHT="26" CONTENT="novel" WIDTH="59" HPOS="706" VPOS="504" ID="st7-93"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="765" VPOS="504" ID="st7-94"/></TextLine><TextLine HPOS="197" VPOS="537" ID="tl7-12" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="making" WIDTH="88" HPOS="197" VPOS="537" ID="st7-95"/><SP/><String HEIGHT="26" CONTENT="evident" WIDTH="87" HPOS="294" VPOS="537" ID="st7-96"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="390" VPOS="537" ID="st7-97"/><SP/><String HEIGHT="26" CONTENT="contradiction" WIDTH="156" HPOS="438" VPOS="537" ID="st7-98"/><SP/><String HEIGHT="26" CONTENT="between" WIDTH="103" HPOS="604" VPOS="537" ID="st7-99"/><SP/><String HEIGHT="26" CONTENT="what" WIDTH="60" HPOS="717" VPOS="537" ID="st7-100"/></TextLine><TextLine HPOS="197" VPOS="570" ID="tl7-13" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="197" VPOS="570" ID="st7-101"/><SP/><String HEIGHT="27" CONTENT="authorities" WIDTH="125" HPOS="245" VPOS="570" ID="st7-102"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="380" VPOS="570" ID="st7-103"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="415" VPOS="570" ID="st7-104"/><SP/><String HEIGHT="27" CONTENT="IMF" WIDTH="43" HPOS="463" VPOS="570" ID="st7-105"/><SP/><String HEIGHT="27" CONTENT="say" WIDTH="38" HPOS="516" VPOS="570" ID="st7-106"/><SP/><String HEIGHT="27" CONTENT="it" WIDTH="16" HPOS="563" VPOS="570" ID="st7-107"/><SP/><String HEIGHT="27" CONTENT="should" WIDTH="79" HPOS="589" VPOS="570" ID="st7-108"/><SP/><String HEIGHT="27" CONTENT="be" WIDTH="29" HPOS="678" VPOS="570" ID="st7-109"/><SP/><String HEIGHT="27" CONTENT="done" WIDTH="60" HPOS="717" VPOS="570" ID="st7-110"/></TextLine><TextLine HPOS="197" VPOS="604" ID="tl7-14" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="197" VPOS="604" ID="st7-111"/><SP/><String HEIGHT="26" CONTENT="what" WIDTH="60" HPOS="256" VPOS="604" ID="st7-112"/><SP/><String HEIGHT="26" CONTENT="they" WIDTH="51" HPOS="330" VPOS="604" ID="st7-113"/><SP/><String HEIGHT="26" CONTENT="can" WIDTH="42" HPOS="396" VPOS="604" ID="st7-114"/><SP/><String HEIGHT="26" CONTENT="do" WIDTH="31" HPOS="452" VPOS="604" ID="st7-115"/><SP/><String HEIGHT="26" CONTENT="given" WIDTH="63" HPOS="498" VPOS="604" ID="st7-116"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="575" VPOS="604" ID="st7-117"/><SP/><String HEIGHT="26" CONTENT="available" WIDTH="102" HPOS="628" VPOS="604" ID="st7-118"/><SP/><String HEIGHT="26" CONTENT="re" WIDTH="22" HPOS="745" VPOS="604" ID="st7-119" SUBS_TYPE="HypPart1" SUBS_CONTENT="resources"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="604" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="637" ID="tl7-15" WIDTH="294" HEIGHT="26"><String HEIGHT="26" CONTENT="sources" WIDTH="88" HPOS="197" VPOS="637" ID="st7-120" SUBS_TYPE="HypPart2" SUBS_CONTENT="resources"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="292" VPOS="637" ID="st7-121"/><SP/><String HEIGHT="26" CONTENT="instruments" WIDTH="133" HPOS="345" VPOS="637" ID="st7-122"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="478" VPOS="637" ID="st7-123"/></TextLine><TextLine HPOS="197" VPOS="687" ID="tl7-16" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="197" VPOS="687" ID="st7-124"/><SP/><String HEIGHT="26" CONTENT="order" WIDTH="63" HPOS="231" VPOS="687" ID="st7-125"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="307" VPOS="687" ID="st7-126"/><SP/><String HEIGHT="26" CONTENT="do" WIDTH="31" HPOS="344" VPOS="687" ID="st7-127"/><SP/><String HEIGHT="26" CONTENT="what" WIDTH="60" HPOS="388" VPOS="687" ID="st7-128"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="460" VPOS="687" ID="st7-129"/><SP/><String HEIGHT="26" CONTENT="IMF" WIDTH="43" HPOS="512" VPOS="687" ID="st7-130"/><SP/><String HEIGHT="26" CONTENT="says" WIDTH="48" HPOS="567" VPOS="687" ID="st7-131"/><SP/><String HEIGHT="26" CONTENT="it" WIDTH="16" HPOS="628" VPOS="687" ID="st7-132"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="656" VPOS="687" ID="st7-133"/><SP/><String HEIGHT="26" CONTENT="be" WIDTH="29" HPOS="748" VPOS="687" ID="st7-134"/></TextLine><TextLine HPOS="197" VPOS="720" ID="tl7-17" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="done" WIDTH="53" HPOS="197" VPOS="720" ID="st7-135"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="250" VPOS="720" ID="st7-136"/><SP/><String HEIGHT="27" CONTENT="something" WIDTH="125" HPOS="276" VPOS="720" ID="st7-137"/><SP/><String HEIGHT="27" CONTENT="different" WIDTH="102" HPOS="413" VPOS="720" ID="st7-138"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="526" VPOS="720" ID="st7-139"/><SP/><String HEIGHT="27" CONTENT="required" WIDTH="94" HPOS="555" VPOS="720" ID="st7-140"/><String HEIGHT="27" CONTENT=":" WIDTH="12" HPOS="649" VPOS="720" ID="st7-141"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="673" VPOS="720" ID="st7-142"/><SP/><String HEIGHT="27" CONTENT="signifi" WIDTH="70" HPOS="698" VPOS="720" ID="st7-143" SUBS_TYPE="HypPart1" SUBS_CONTENT="significant"/><HYP CONTENT="-" WIDTH="9" HPOS="768" VPOS="720" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="754" ID="tl7-18" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="cant" WIDTH="50" HPOS="197" VPOS="754" ID="st7-144" SUBS_TYPE="HypPart2" SUBS_CONTENT="significant"/><SP/><String HEIGHT="26" CONTENT="injection" WIDTH="101" HPOS="260" VPOS="754" ID="st7-145"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="373" VPOS="754" ID="st7-146"/><SP/><String HEIGHT="26" CONTENT="resources" WIDTH="111" HPOS="410" VPOS="754" ID="st7-147"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="534" VPOS="754" ID="st7-148"/><SP/><String HEIGHT="26" CONTENT="finance" WIDTH="87" HPOS="571" VPOS="754" ID="st7-149"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="670" VPOS="754" ID="st7-150"/><SP/><String HEIGHT="26" CONTENT="sti" WIDTH="27" HPOS="741" VPOS="754" ID="st7-151" SUBS_TYPE="HypPart1" SUBS_CONTENT="stimulus"/><HYP CONTENT="-" WIDTH="9" HPOS="768" VPOS="754" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="787" ID="tl7-19" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="mulus" WIDTH="71" HPOS="197" VPOS="787" ID="st7-152" SUBS_TYPE="HypPart2" SUBS_CONTENT="stimulus"/><SP/><String HEIGHT="26" CONTENT="packages" WIDTH="110" HPOS="283" VPOS="787" ID="st7-153"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="408" VPOS="787" ID="st7-154"/><SP/><String HEIGHT="26" CONTENT="many" WIDTH="65" HPOS="444" VPOS="787" ID="st7-155"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="524" VPOS="787" ID="st7-156"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="669" VPOS="787" ID="st7-157"/></TextLine><TextLine HPOS="197" VPOS="820" ID="tl7-20" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="that" WIDTH="47" HPOS="197" VPOS="820" ID="st7-158"/><SP/><String HEIGHT="27" CONTENT="are" WIDTH="37" HPOS="254" VPOS="820" ID="st7-159"/><SP/><String HEIGHT="27" CONTENT="facing" WIDTH="72" HPOS="302" VPOS="820" ID="st7-160"/><SP/><String HEIGHT="27" CONTENT="external" WIDTH="95" HPOS="384" VPOS="820" ID="st7-161"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="44" HPOS="489" VPOS="820" ID="st7-162"/><SP/><String HEIGHT="27" CONTENT="public" WIDTH="71" HPOS="544" VPOS="820" ID="st7-163"/><SP/><String HEIGHT="27" CONTENT="financing" WIDTH="110" HPOS="625" VPOS="820" ID="st7-164"/><SP/><String HEIGHT="27" CONTENT="re" WIDTH="22" HPOS="745" VPOS="820" ID="st7-165" SUBS_TYPE="HypPart1" SUBS_CONTENT="restrictions"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="820" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="854" ID="tl7-21" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="strictions" WIDTH="101" HPOS="197" VPOS="854" ID="st7-166" SUBS_TYPE="HypPart2" SUBS_CONTENT="restrictions"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="298" VPOS="854" ID="st7-167"/><SP/><String HEIGHT="26" CONTENT="Similarly" WIDTH="97" HPOS="317" VPOS="854" ID="st7-168"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="422" VPOS="854" ID="st7-169"/><SP/><String HEIGHT="26" CONTENT="what" WIDTH="61" HPOS="454" VPOS="854" ID="st7-170"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="522" VPOS="854" ID="st7-171"/><SP/><String HEIGHT="26" CONTENT="going" WIDTH="68" HPOS="547" VPOS="854" ID="st7-172"/><SP/><String HEIGHT="26" CONTENT="on" WIDTH="31" HPOS="622" VPOS="854" ID="st7-173"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="661" VPOS="854" ID="st7-174"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="690" VPOS="854" ID="st7-175"/><SP/><String HEIGHT="26" CONTENT="US" WIDTH="26" HPOS="737" VPOS="854" ID="st7-176"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="763" VPOS="854" ID="st7-177"/></TextLine><TextLine HPOS="197" VPOS="887" ID="tl7-22" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="these" WIDTH="63" HPOS="197" VPOS="887" ID="st7-178"/><SP/><String HEIGHT="26" CONTENT="programs" WIDTH="113" HPOS="273" VPOS="887" ID="st7-179"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="399" VPOS="887" ID="st7-180"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="491" VPOS="887" ID="st7-181"/><SP/><String HEIGHT="26" CONTENT="two" WIDTH="47" HPOS="559" VPOS="887" ID="st7-182"/><SP/><String HEIGHT="26" CONTENT="focuses" WIDTH="83" HPOS="619" VPOS="887" ID="st7-183"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="702" VPOS="887" ID="st7-184"/><SP/><String HEIGHT="26" CONTENT="One" WIDTH="49" HPOS="728" VPOS="887" ID="st7-185"/></TextLine><TextLine HPOS="197" VPOS="920" ID="tl7-23" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="direct" WIDTH="66" HPOS="197" VPOS="920" ID="st7-186"/><SP/><String HEIGHT="27" CONTENT="beneficiary" WIDTH="128" HPOS="271" VPOS="920" ID="st7-187"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="406" VPOS="920" ID="st7-188"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="439" VPOS="920" ID="st7-189"/><SP/><String HEIGHT="27" CONTENT="fiscal" WIDTH="58" HPOS="485" VPOS="920" ID="st7-190"/><SP/><String HEIGHT="27" CONTENT="program" WIDTH="102" HPOS="551" VPOS="920" ID="st7-191"/><SP/><String HEIGHT="27" CONTENT="should" WIDTH="79" HPOS="661" VPOS="920" ID="st7-192"/><SP/><String HEIGHT="27" CONTENT="be" WIDTH="30" HPOS="747" VPOS="920" ID="st7-193"/></TextLine><TextLine HPOS="197" VPOS="954" ID="tl7-24" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="197" VPOS="954" ID="st7-194"/><SP/><String HEIGHT="26" CONTENT="most" WIDTH="59" HPOS="253" VPOS="954" ID="st7-195"/><SP/><String HEIGHT="26" CONTENT="vulnerable" WIDTH="122" HPOS="330" VPOS="954" ID="st7-196"/><SP/><String HEIGHT="26" CONTENT="people" WIDTH="76" HPOS="470" VPOS="954" ID="st7-197"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="546" VPOS="954" ID="st7-198"/><SP/><String HEIGHT="26" CONTENT="They" WIDTH="55" HPOS="577" VPOS="954" ID="st7-199"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="78" HPOS="651" VPOS="954" ID="st7-200"/><SP/><String HEIGHT="26" CONTENT="be" WIDTH="29" HPOS="748" VPOS="954" ID="st7-201"/></TextLine><TextLine HPOS="197" VPOS="987" ID="tl7-25" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="reached" WIDTH="94" HPOS="197" VPOS="987" ID="st7-202"/><SP/><String HEIGHT="26" CONTENT="through" WIDTH="96" HPOS="300" VPOS="987" ID="st7-203"/><SP/><String HEIGHT="26" CONTENT="social" WIDTH="65" HPOS="405" VPOS="987" ID="st7-204"/><SP/><String HEIGHT="26" CONTENT="security" WIDTH="86" HPOS="479" VPOS="987" ID="st7-205"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="565" VPOS="987" ID="st7-206"/><SP/><String HEIGHT="26" CONTENT="health" WIDTH="74" HPOS="586" VPOS="987" ID="st7-207"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="669" VPOS="987" ID="st7-208"/><SP/><String HEIGHT="26" CONTENT="edu" WIDTH="41" HPOS="723" VPOS="987" ID="st7-209" SUBS_TYPE="HypPart1" SUBS_CONTENT="education"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="987" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1020" ID="tl7-26" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="cation" WIDTH="72" HPOS="197" VPOS="1020" ID="st7-210" SUBS_TYPE="HypPart2" SUBS_CONTENT="education"/><SP/><String HEIGHT="27" CONTENT="programs" WIDTH="107" HPOS="285" VPOS="1020" ID="st7-211"/><String HEIGHT="27" CONTENT="." WIDTH="14" HPOS="392" VPOS="1020" ID="st7-212"/><SP/><String HEIGHT="27" CONTENT="These" WIDTH="68" HPOS="422" VPOS="1020" ID="st7-213"/><SP/><String HEIGHT="27" CONTENT="programs" WIDTH="112" HPOS="507" VPOS="1020" ID="st7-214"/><SP/><String HEIGHT="27" CONTENT="would" WIDTH="74" HPOS="636" VPOS="1020" ID="st7-215"/><SP/><String HEIGHT="27" CONTENT="help" WIDTH="51" HPOS="726" VPOS="1020" ID="st7-216"/></TextLine><TextLine HPOS="197" VPOS="1054" ID="tl7-27" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="improve" WIDTH="95" HPOS="197" VPOS="1054" ID="st7-217"/><SP/><String HEIGHT="26" CONTENT="their" WIDTH="54" HPOS="307" VPOS="1054" ID="st7-218"/><SP/><String HEIGHT="26" CONTENT="living" WIDTH="62" HPOS="375" VPOS="1054" ID="st7-219"/><SP/><String HEIGHT="26" CONTENT="conditions" WIDTH="122" HPOS="451" VPOS="1054" ID="st7-220"/><SP/><String HEIGHT="26" CONTENT="but" WIDTH="40" HPOS="588" VPOS="1054" ID="st7-221"/><SP/><String HEIGHT="26" CONTENT="also" WIDTH="47" HPOS="642" VPOS="1054" ID="st7-222"/><SP/><String HEIGHT="26" CONTENT="would" WIDTH="74" HPOS="703" VPOS="1054" ID="st7-223"/></TextLine><TextLine HPOS="197" VPOS="1087" ID="tl7-28" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="197" VPOS="1087" ID="st7-224"/><SP/><String HEIGHT="26" CONTENT="higher" WIDTH="76" HPOS="270" VPOS="1087" ID="st7-225"/><SP/><String HEIGHT="26" CONTENT="multiplicative" WIDTH="156" HPOS="363" VPOS="1087" ID="st7-226"/><SP/><String HEIGHT="26" CONTENT="effects" WIDTH="79" HPOS="536" VPOS="1087" ID="st7-227"/><SP/><String HEIGHT="26" CONTENT="on" WIDTH="31" HPOS="633" VPOS="1087" ID="st7-228"/><SP/><String HEIGHT="26" CONTENT="employ" WIDTH="83" HPOS="681" VPOS="1087" ID="st7-229" SUBS_TYPE="HypPart1" SUBS_CONTENT="employment"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1087" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1120" ID="tl7-29" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="ment" WIDTH="61" HPOS="197" VPOS="1120" ID="st7-230" SUBS_TYPE="HypPart2" SUBS_CONTENT="employment"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="267" VPOS="1120" ID="st7-231"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="321" VPOS="1120" ID="st7-232"/><SP/><String HEIGHT="27" CONTENT="economic" WIDTH="114" HPOS="369" VPOS="1120" ID="st7-233"/><SP/><String HEIGHT="27" CONTENT="activity" WIDTH="80" HPOS="492" VPOS="1120" ID="st7-234"/><String HEIGHT="27" CONTENT="." WIDTH="10" HPOS="572" VPOS="1120" ID="st7-235"/><SP/><String HEIGHT="27" CONTENT="Second" WIDTH="80" HPOS="591" VPOS="1120" ID="st7-236"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="671" VPOS="1120" ID="st7-237"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="694" VPOS="1120" ID="st7-238"/><SP/><String HEIGHT="27" CONTENT="fis" WIDTH="27" HPOS="742" VPOS="1120" ID="st7-239" SUBS_TYPE="HypPart1" SUBS_CONTENT="fiscal"/><HYP CONTENT="-" WIDTH="8" HPOS="769" VPOS="1120" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1154" ID="tl7-30" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="cal" WIDTH="32" HPOS="197" VPOS="1154" ID="st7-240" SUBS_TYPE="HypPart2" SUBS_CONTENT="fiscal"/><SP/><String HEIGHT="26" CONTENT="programs" WIDTH="112" HPOS="238" VPOS="1154" ID="st7-241"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="359" VPOS="1154" ID="st7-242"/><SP/><String HEIGHT="26" CONTENT="aim" WIDTH="44" HPOS="446" VPOS="1154" ID="st7-243"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="498" VPOS="1154" ID="st7-244"/><SP/><String HEIGHT="26" CONTENT="reinforce" WIDTH="105" HPOS="531" VPOS="1154" ID="st7-245"/><SP/><String HEIGHT="26" CONTENT="physical" WIDTH="93" HPOS="645" VPOS="1154" ID="st7-246"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="746" VPOS="1154" ID="st7-247" SUBS_TYPE="HypPart1" SUBS_CONTENT="infrastructure"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1154" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1187" ID="tl7-31" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="frastructure" WIDTH="133" HPOS="197" VPOS="1187" ID="st7-248" SUBS_TYPE="HypPart2" SUBS_CONTENT="infrastructure"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="330" VPOS="1187" ID="st7-249"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="354" VPOS="1187" ID="st7-250"/><SP/><String HEIGHT="26" CONTENT="protection" WIDTH="122" HPOS="405" VPOS="1187" ID="st7-251"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="539" VPOS="1187" ID="st7-252"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="576" VPOS="1187" ID="st7-253"/><SP/><String HEIGHT="26" CONTENT="environment" WIDTH="150" HPOS="627" VPOS="1187" ID="st7-254"/></TextLine><TextLine HPOS="197" VPOS="1220" ID="tl7-32" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="and" WIDTH="44" HPOS="197" VPOS="1220" ID="st7-255"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="249" VPOS="1220" ID="st7-256"/><SP/><String HEIGHT="27" CONTENT="development" WIDTH="155" HPOS="295" VPOS="1220" ID="st7-257"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="458" VPOS="1220" ID="st7-258"/><SP/><String HEIGHT="27" CONTENT="technology" WIDTH="126" HPOS="490" VPOS="1220" ID="st7-259"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="616" VPOS="1220" ID="st7-260"/><SP/><String HEIGHT="27" CONTENT="The" WIDTH="43" HPOS="637" VPOS="1220" ID="st7-261"/><SP/><String HEIGHT="27" CONTENT="motiva" WIDTH="77" HPOS="688" VPOS="1220" ID="st7-262" SUBS_TYPE="HypPart1" SUBS_CONTENT="motivation"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="1220" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1254" ID="tl7-33" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="tion" WIDTH="46" HPOS="197" VPOS="1254" ID="st7-263" SUBS_TYPE="HypPart2" SUBS_CONTENT="motivation"/><SP/><String HEIGHT="26" CONTENT="behind" WIDTH="81" HPOS="251" VPOS="1254" ID="st7-264"/><SP/><String HEIGHT="26" CONTENT="this" WIDTH="42" HPOS="340" VPOS="1254" ID="st7-265"/><SP/><String HEIGHT="26" CONTENT="second" WIDTH="84" HPOS="389" VPOS="1254" ID="st7-266"/><SP/><String HEIGHT="26" CONTENT="target" WIDTH="70" HPOS="481" VPOS="1254" ID="st7-267"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="559" VPOS="1254" ID="st7-268"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="584" VPOS="1254" ID="st7-269"/><SP/><String HEIGHT="26" CONTENT="use" WIDTH="40" HPOS="616" VPOS="1254" ID="st7-270"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="664" VPOS="1254" ID="st7-271"/><SP/><String HEIGHT="26" CONTENT="pol" WIDTH="36" HPOS="730" VPOS="1254" ID="st7-272" SUBS_TYPE="HypPart1" SUBS_CONTENT="policy"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="1254" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1287" ID="tl7-34" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="icy" WIDTH="30" HPOS="197" VPOS="1287" ID="st7-273" SUBS_TYPE="HypPart2" SUBS_CONTENT="policy"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="40" HPOS="244" VPOS="1287" ID="st7-274"/><SP/><String HEIGHT="26" CONTENT="only" WIDTH="50" HPOS="301" VPOS="1287" ID="st7-275"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="367" VPOS="1287" ID="st7-276"/><SP/><String HEIGHT="26" CONTENT="stabilize" WIDTH="94" HPOS="409" VPOS="1287" ID="st7-277"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="520" VPOS="1287" ID="st7-278"/><SP/><String HEIGHT="26" CONTENT="economy" WIDTH="109" HPOS="575" VPOS="1287" ID="st7-279"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="700" VPOS="1287" ID="st7-280"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="739" VPOS="1287" ID="st7-281"/></TextLine><TextLine HPOS="197" VPOS="1320" ID="tl7-35" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="short" WIDTH="58" HPOS="197" VPOS="1320" ID="st7-282"/><String HEIGHT="27" CONTENT="-" WIDTH="12" HPOS="255" VPOS="1320" ID="st7-283"/><String HEIGHT="27" CONTENT="run" WIDTH="35" HPOS="267" VPOS="1320" ID="st7-284"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="302" VPOS="1320" ID="st7-285"/><SP/><String HEIGHT="27" CONTENT="but" WIDTH="40" HPOS="323" VPOS="1320" ID="st7-286"/><SP/><String HEIGHT="27" CONTENT="also" WIDTH="46" HPOS="372" VPOS="1320" ID="st7-287"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="427" VPOS="1320" ID="st7-288"/><SP/><String HEIGHT="27" CONTENT="contribute" WIDTH="122" HPOS="461" VPOS="1320" ID="st7-289"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="591" VPOS="1320" ID="st7-290"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="625" VPOS="1320" ID="st7-291"/><SP/><String HEIGHT="27" CONTENT="accelera" WIDTH="94" HPOS="672" VPOS="1320" ID="st7-292" SUBS_TYPE="HypPart1" SUBS_CONTENT="acceleration"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="1320" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1354" ID="tl7-36" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="tion" WIDTH="46" HPOS="197" VPOS="1354" ID="st7-293" SUBS_TYPE="HypPart2" SUBS_CONTENT="acceleration"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="255" VPOS="1354" ID="st7-294"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="291" VPOS="1354" ID="st7-295"/><SP/><String HEIGHT="26" CONTENT="rate" WIDTH="47" HPOS="341" VPOS="1354" ID="st7-296"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="400" VPOS="1354" ID="st7-297"/><SP/><String HEIGHT="26" CONTENT="growth" WIDTH="87" HPOS="436" VPOS="1354" ID="st7-298"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="534" VPOS="1354" ID="st7-299"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="568" VPOS="1354" ID="st7-300"/><SP/><String HEIGHT="26" CONTENT="coun" WIDTH="55" HPOS="709" VPOS="1354" ID="st7-301" SUBS_TYPE="HypPart1" SUBS_CONTENT="countries"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="1354" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1387" ID="tl7-37" WIDTH="57" HEIGHT="26"><String HEIGHT="26" CONTENT="tries" WIDTH="47" HPOS="197" VPOS="1387" ID="st7-302" SUBS_TYPE="HypPart2" SUBS_CONTENT="countries"/><String HEIGHT="26" CONTENT="." WIDTH="10" HPOS="244" VPOS="1387" ID="st7-303"/></TextLine><TextLine HPOS="197" VPOS="1437" ID="tl7-38" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="197" VPOS="1437" ID="st7-304"/><SP/><String HEIGHT="26" CONTENT="credit" WIDTH="66" HPOS="249" VPOS="1437" ID="st7-305"/><SP/><String HEIGHT="26" CONTENT="facility" WIDTH="76" HPOS="325" VPOS="1437" ID="st7-306"/><SP/><String HEIGHT="26" CONTENT="lines" WIDTH="53" HPOS="410" VPOS="1437" ID="st7-307"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="472" VPOS="1437" ID="st7-308"/><SP/><String HEIGHT="26" CONTENT="try" WIDTH="31" HPOS="560" VPOS="1437" ID="st7-309"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="601" VPOS="1437" ID="st7-310"/><SP/><String HEIGHT="26" CONTENT="avoid" WIDTH="63" HPOS="635" VPOS="1437" ID="st7-311"/><SP/><String HEIGHT="26" CONTENT="short" WIDTH="58" HPOS="708" VPOS="1437" ID="st7-312" SUBS_TYPE="HypPart1" SUBS_CONTENT="shortterm"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="1437" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1470" ID="tl7-39" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="term" WIDTH="55" HPOS="197" VPOS="1470" ID="st7-313" SUBS_TYPE="HypPart2" SUBS_CONTENT="shortterm"/><SP/><String HEIGHT="27" CONTENT="financing" WIDTH="110" HPOS="261" VPOS="1470" ID="st7-314"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="380" VPOS="1470" ID="st7-315"/><SP/><String HEIGHT="27" CONTENT="their" WIDTH="54" HPOS="434" VPOS="1470" ID="st7-316"/><SP/><String HEIGHT="27" CONTENT="interest" WIDTH="87" HPOS="497" VPOS="1470" ID="st7-317"/><SP/><String HEIGHT="27" CONTENT="rates" WIDTH="57" HPOS="594" VPOS="1470" ID="st7-318"/><SP/><String HEIGHT="27" CONTENT="should" WIDTH="79" HPOS="660" VPOS="1470" ID="st7-319"/><SP/><String HEIGHT="27" CONTENT="be" WIDTH="29" HPOS="748" VPOS="1470" ID="st7-320"/></TextLine><TextLine HPOS="197" VPOS="1504" ID="tl7-40" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="low" WIDTH="38" HPOS="197" VPOS="1504" ID="st7-321"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="235" VPOS="1504" ID="st7-322"/><SP/><String HEIGHT="26" CONTENT="In" WIDTH="21" HPOS="263" VPOS="1504" ID="st7-323"/><SP/><String HEIGHT="26" CONTENT="contrast" WIDTH="96" HPOS="299" VPOS="1504" ID="st7-324"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="410" VPOS="1504" ID="st7-325"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="450" VPOS="1504" ID="st7-326"/><SP/><String HEIGHT="26" CONTENT="programs" WIDTH="113" HPOS="503" VPOS="1504" ID="st7-327"/><SP/><String HEIGHT="26" CONTENT="designed" WIDTH="107" HPOS="631" VPOS="1504" ID="st7-328"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="752" VPOS="1504" ID="st7-329"/></TextLine><TextLine HPOS="197" VPOS="1537" ID="tl7-41" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="overcome" WIDTH="115" HPOS="197" VPOS="1537" ID="st7-330"/><SP/><String HEIGHT="26" CONTENT="short" WIDTH="62" HPOS="324" VPOS="1537" ID="st7-331"/><String HEIGHT="26" CONTENT="-" WIDTH="13" HPOS="386" VPOS="1537" ID="st7-332"/><String HEIGHT="26" CONTENT="term" WIDTH="50" HPOS="399" VPOS="1537" ID="st7-333"/><SP/><String HEIGHT="26" CONTENT="disequilibria" WIDTH="141" HPOS="460" VPOS="1537" ID="st7-334"/><String HEIGHT="26" CONTENT="-" WIDTH="13" HPOS="612" VPOS="1537" ID="st7-335"/><String HEIGHT="26" CONTENT="which" WIDTH="67" HPOS="625" VPOS="1537" ID="st7-336"/><SP/><String HEIGHT="26" CONTENT="penal" WIDTH="62" HPOS="703" VPOS="1537" ID="st7-337" SUBS_TYPE="HypPart1" SUBS_CONTENT="penalize"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="1537" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1570" ID="tl7-42" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="ize" WIDTH="32" HPOS="197" VPOS="1570" ID="st7-338" SUBS_TYPE="HypPart2" SUBS_CONTENT="penalize"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="242" VPOS="1570" ID="st7-339"/><SP/><String HEIGHT="27" CONTENT="assisted" WIDTH="91" HPOS="294" VPOS="1570" ID="st7-340"/><SP/><String HEIGHT="27" CONTENT="country" WIDTH="90" HPOS="398" VPOS="1570" ID="st7-341"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="501" VPOS="1570" ID="st7-342"/><SP/><String HEIGHT="27" CONTENT="avoid" WIDTH="63" HPOS="539" VPOS="1570" ID="st7-343"/><SP/><String HEIGHT="27" CONTENT="moral" WIDTH="68" HPOS="616" VPOS="1570" ID="st7-344"/><SP/><String HEIGHT="27" CONTENT="hazard" WIDTH="80" HPOS="697" VPOS="1570" ID="st7-345"/></TextLine><TextLine HPOS="197" VPOS="1604" ID="tl7-43" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="behavior" WIDTH="98" HPOS="197" VPOS="1604" ID="st7-346"/><String HEIGHT="26" CONTENT="-" WIDTH="13" HPOS="295" VPOS="1604" ID="st7-347"/><SP/><String HEIGHT="26" CONTENT="these" WIDTH="64" HPOS="315" VPOS="1604" ID="st7-348"/><SP/><String HEIGHT="26" CONTENT="programs" WIDTH="113" HPOS="386" VPOS="1604" ID="st7-349"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="78" HPOS="507" VPOS="1604" ID="st7-350"/><SP/><String HEIGHT="26" CONTENT="be" WIDTH="30" HPOS="593" VPOS="1604" ID="st7-351"/><SP/><String HEIGHT="26" CONTENT="promoted" WIDTH="117" HPOS="630" VPOS="1604" ID="st7-352"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="755" VPOS="1604" ID="st7-353"/></TextLine><TextLine HPOS="197" VPOS="1637" ID="tl7-44" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="order" WIDTH="63" HPOS="197" VPOS="1637" ID="st7-354"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="274" VPOS="1637" ID="st7-355"/><SP/><String HEIGHT="26" CONTENT="stimulate" WIDTH="108" HPOS="313" VPOS="1637" ID="st7-356"/><SP/><String HEIGHT="26" CONTENT="their" WIDTH="54" HPOS="435" VPOS="1637" ID="st7-357"/><SP/><String HEIGHT="26" CONTENT="request" WIDTH="88" HPOS="503" VPOS="1637" ID="st7-358"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="28" HPOS="605" VPOS="1637" ID="st7-359"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="647" VPOS="1637" ID="st7-360"/></TextLine><TextLine HPOS="197" VPOS="1670" ID="tl7-45" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="countries" WIDTH="103" HPOS="197" VPOS="1670" ID="st7-361"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="300" VPOS="1670" ID="st7-362"/><SP/><String HEIGHT="27" CONTENT="It" WIDTH="15" HPOS="324" VPOS="1670" ID="st7-363"/><SP/><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="351" VPOS="1670" ID="st7-364"/><SP/><String HEIGHT="27" CONTENT="important" WIDTH="117" HPOS="379" VPOS="1670" ID="st7-365"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="508" VPOS="1670" ID="st7-366"/><SP/><String HEIGHT="27" CONTENT="notice" WIDTH="72" HPOS="544" VPOS="1670" ID="st7-367"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="48" HPOS="628" VPOS="1670" ID="st7-368"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="687" VPOS="1670" ID="st7-369"/><SP/><String HEIGHT="27" CONTENT="use" WIDTH="40" HPOS="737" VPOS="1670" ID="st7-370"/></TextLine><TextLine HPOS="197" VPOS="1704" ID="tl7-46" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="197" VPOS="1704" ID="st7-371"/><SP/><String HEIGHT="26" CONTENT="funds" WIDTH="66" HPOS="229" VPOS="1704" ID="st7-372"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="28" HPOS="303" VPOS="1704" ID="st7-373"/><SP/><String HEIGHT="26" CONTENT="individual" WIDTH="112" HPOS="339" VPOS="1704" ID="st7-374"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="459" VPOS="1704" ID="st7-375"/><SP/><String HEIGHT="26" CONTENT="has" WIDTH="40" HPOS="575" VPOS="1704" ID="st7-376"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="13" HPOS="623" VPOS="1704" ID="st7-377"/><SP/><String HEIGHT="26" CONTENT="positive" WIDTH="90" HPOS="644" VPOS="1704" ID="st7-378"/><SP/><String HEIGHT="26" CONTENT="ex" WIDTH="24" HPOS="741" VPOS="1704" ID="st7-379" SUBS_TYPE="HypPart1" SUBS_CONTENT="external"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="1704" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1737" ID="tl7-47" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="ternal" WIDTH="67" HPOS="197" VPOS="1737" ID="st7-380" SUBS_TYPE="HypPart2" SUBS_CONTENT="external"/><SP/><String HEIGHT="26" CONTENT="effect" WIDTH="68" HPOS="274" VPOS="1737" ID="st7-381"/><SP/><String HEIGHT="26" CONTENT="on" WIDTH="31" HPOS="352" VPOS="1737" ID="st7-382"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="393" VPOS="1737" ID="st7-383"/><SP/><String HEIGHT="26" CONTENT="other" WIDTH="63" HPOS="442" VPOS="1737" ID="st7-384"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="515" VPOS="1737" ID="st7-385"/><SP/><String HEIGHT="26" CONTENT="members" WIDTH="109" HPOS="633" VPOS="1737" ID="st7-386"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="752" VPOS="1737" ID="st7-387"/></TextLine><TextLine HPOS="197" VPOS="1770" ID="tl7-48" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="197" VPOS="1770" ID="st7-388"/><SP/><String HEIGHT="27" CONTENT="IMF" WIDTH="38" HPOS="247" VPOS="1770" ID="st7-389"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="285" VPOS="1770" ID="st7-390"/><SP/><String HEIGHT="27" CONTENT="Developing" WIDTH="132" HPOS="310" VPOS="1770" ID="st7-391"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="108" HPOS="454" VPOS="1770" ID="st7-392"/><SP/><String HEIGHT="27" CONTENT="could" WIDTH="65" HPOS="574" VPOS="1770" ID="st7-393"/><SP/><String HEIGHT="27" CONTENT="ask" WIDTH="39" HPOS="650" VPOS="1770" ID="st7-394"/><SP/><String HEIGHT="27" CONTENT="for" WIDTH="34" HPOS="701" VPOS="1770" ID="st7-395"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="746" VPOS="1770" ID="st7-396" SUBS_TYPE="HypPart1" SUBS_CONTENT="interest"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1770" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="1804" ID="tl7-49" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="terest" WIDTH="66" HPOS="197" VPOS="1804" ID="st7-397" SUBS_TYPE="HypPart2" SUBS_CONTENT="interest"/><SP/><String HEIGHT="26" CONTENT="rates" WIDTH="57" HPOS="272" VPOS="1804" ID="st7-398"/><SP/><String HEIGHT="26" CONTENT="similar" WIDTH="76" HPOS="338" VPOS="1804" ID="st7-399"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="424" VPOS="1804" ID="st7-400"/><SP/><String HEIGHT="26" CONTENT="those" WIDTH="64" HPOS="458" VPOS="1804" ID="st7-401"/><SP/><String HEIGHT="26" CONTENT="faced" WIDTH="66" HPOS="531" VPOS="1804" ID="st7-402"/><SP/><String HEIGHT="26" CONTENT="by" WIDTH="28" HPOS="606" VPOS="1804" ID="st7-403"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="643" VPOS="1804" ID="st7-404"/><SP/><String HEIGHT="26" CONTENT="US" WIDTH="32" HPOS="691" VPOS="1804" ID="st7-405"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="732" VPOS="1804" ID="st7-406"/></TextLine><TextLine HPOS="197" VPOS="1837" ID="tl7-50" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="other" WIDTH="63" HPOS="197" VPOS="1837" ID="st7-407"/><SP/><String HEIGHT="26" CONTENT="developed" WIDTH="122" HPOS="272" VPOS="1837" ID="st7-408"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="406" VPOS="1837" ID="st7-409"/><SP/><String HEIGHT="26" CONTENT="governments" WIDTH="154" HPOS="526" VPOS="1837" ID="st7-410"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="692" VPOS="1837" ID="st7-411"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="738" VPOS="1837" ID="st7-412"/></TextLine><TextLine HPOS="197" VPOS="1870" ID="tl7-51" WIDTH="458" HEIGHT="27"><String HEIGHT="27" CONTENT="financing" WIDTH="109" HPOS="197" VPOS="1870" ID="st7-413"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="314" VPOS="1870" ID="st7-414"/><SP/><String HEIGHT="27" CONTENT="their" WIDTH="54" HPOS="346" VPOS="1870" ID="st7-415"/><SP/><String HEIGHT="27" CONTENT="own" WIDTH="53" HPOS="408" VPOS="1870" ID="st7-416"/><SP/><String HEIGHT="27" CONTENT="fiscal" WIDTH="59" HPOS="468" VPOS="1870" ID="st7-417"/><SP/><String HEIGHT="27" CONTENT="programs" WIDTH="106" HPOS="535" VPOS="1870" ID="st7-418"/><String HEIGHT="27" CONTENT="." WIDTH="14" HPOS="641" VPOS="1870" ID="st7-419"/></TextLine><TextLine HPOS="197" VPOS="1920" ID="tl7-52" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="The" WIDTH="43" HPOS="197" VPOS="1920" ID="st7-420"/><SP/><String HEIGHT="27" CONTENT="Special" WIDTH="81" HPOS="250" VPOS="1920" ID="st7-421"/><SP/><String HEIGHT="27" CONTENT="Drawing" WIDTH="101" HPOS="341" VPOS="1920" ID="st7-422"/><SP/><String HEIGHT="27" CONTENT="Rights" WIDTH="72" HPOS="452" VPOS="1920" ID="st7-423"/><String HEIGHT="27" CONTENT="(" WIDTH="12" HPOS="534" VPOS="1920" ID="st7-424"/><String HEIGHT="27" CONTENT="SDR" WIDTH="38" HPOS="546" VPOS="1920" ID="st7-425"/><String HEIGHT="27" CONTENT=")" WIDTH="13" HPOS="584" VPOS="1920" ID="st7-426"/><SP/><String HEIGHT="27" CONTENT="could" WIDTH="65" HPOS="607" VPOS="1920" ID="st7-427"/><SP/><String HEIGHT="27" CONTENT="be" WIDTH="30" HPOS="682" VPOS="1920" ID="st7-428"/><SP/><String HEIGHT="27" CONTENT="used" WIDTH="56" HPOS="721" VPOS="1920" ID="st7-429"/></TextLine><TextLine HPOS="197" VPOS="1954" ID="tl7-53" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="197" VPOS="1954" ID="st7-430"/><SP/><String HEIGHT="26" CONTENT="such" WIDTH="54" HPOS="241" VPOS="1954" ID="st7-431"/><SP/><String HEIGHT="26" CONTENT="purposes" WIDTH="102" HPOS="306" VPOS="1954" ID="st7-432"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="408" VPOS="1954" ID="st7-433"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="431" VPOS="1954" ID="st7-434"/><SP/><String HEIGHT="26" CONTENT="US" WIDTH="33" HPOS="485" VPOS="1954" ID="st7-435"/><SP/><String HEIGHT="26" CONTENT="government" WIDTH="143" HPOS="529" VPOS="1954" ID="st7-436"/><SP/><String HEIGHT="26" CONTENT="has" WIDTH="40" HPOS="683" VPOS="1954" ID="st7-437"/><SP/><String HEIGHT="26" CONTENT="sys" WIDTH="33" HPOS="734" VPOS="1954" ID="st7-438" SUBS_TYPE="HypPart1" SUBS_CONTENT="systematically"/><HYP CONTENT="-" WIDTH="10" HPOS="767" VPOS="1954" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="1987" ID="tl7-54" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="tematically" WIDTH="126" HPOS="197" VPOS="1987" ID="st7-439" SUBS_TYPE="HypPart2" SUBS_CONTENT="systematically"/><SP/><String HEIGHT="26" CONTENT="opposed" WIDTH="102" HPOS="335" VPOS="1987" ID="st7-440"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="448" VPOS="1987" ID="st7-441"/><SP/><String HEIGHT="26" CONTENT="expansion" WIDTH="119" HPOS="498" VPOS="1987" ID="st7-442"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="629" VPOS="1987" ID="st7-443"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="665" VPOS="1987" ID="st7-444"/><SP/><String HEIGHT="26" CONTENT="stock" WIDTH="62" HPOS="715" VPOS="1987" ID="st7-445"/></TextLine><TextLine HPOS="197" VPOS="2020" ID="tl7-55" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="197" VPOS="2020" ID="st7-446"/><SP/><String HEIGHT="27" CONTENT="SDR" WIDTH="48" HPOS="236" VPOS="2020" ID="st7-447"/><SP/><String HEIGHT="27" CONTENT="since" WIDTH="59" HPOS="299" VPOS="2020" ID="st7-448"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="373" VPOS="2020" ID="st7-449"/><SP/><String HEIGHT="27" CONTENT="early" WIDTH="56" HPOS="426" VPOS="2020" ID="st7-450"/><SP/><String HEIGHT="27" CONTENT="1980s" WIDTH="66" HPOS="497" VPOS="2020" ID="st7-451"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="563" VPOS="2020" ID="st7-452"/><SP/><String HEIGHT="27" CONTENT="arguing" WIDTH="92" HPOS="592" VPOS="2020" ID="st7-453"/><SP/><String HEIGHT="27" CONTENT="that" WIDTH="47" HPOS="699" VPOS="2020" ID="st7-454"/><SP/><String HEIGHT="27" CONTENT="it" WIDTH="16" HPOS="761" VPOS="2020" ID="st7-455"/></TextLine><TextLine HPOS="197" VPOS="2054" ID="tl7-56" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="could" WIDTH="64" HPOS="197" VPOS="2054" ID="st7-456"/><SP/><String HEIGHT="26" CONTENT="lead" WIDTH="49" HPOS="271" VPOS="2054" ID="st7-457"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="330" VPOS="2054" ID="st7-458"/><SP/><String HEIGHT="26" CONTENT="inflation" WIDTH="94" HPOS="364" VPOS="2054" ID="st7-459"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="458" VPOS="2054" ID="st7-460"/><SP/><String HEIGHT="26" CONTENT="That" WIDTH="52" HPOS="479" VPOS="2054" ID="st7-461"/><SP/><String HEIGHT="26" CONTENT="argument" WIDTH="116" HPOS="540" VPOS="2054" ID="st7-462"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="666" VPOS="2054" ID="st7-463"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="40" HPOS="692" VPOS="2054" ID="st7-464"/><SP/><String HEIGHT="26" CONTENT="va" WIDTH="24" HPOS="742" VPOS="2054" ID="st7-465" SUBS_TYPE="HypPart1" SUBS_CONTENT="valid"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="2054" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="2087" ID="tl7-57" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="lid" WIDTH="27" HPOS="197" VPOS="2087" ID="st7-466" SUBS_TYPE="HypPart2" SUBS_CONTENT="valid"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="236" VPOS="2087" ID="st7-467"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="269" VPOS="2087" ID="st7-468"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="85" HPOS="319" VPOS="2087" ID="st7-469"/><SP/><String HEIGHT="26" CONTENT="situation" WIDTH="98" HPOS="416" VPOS="2087" ID="st7-470"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="514" VPOS="2087" ID="st7-471"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="537" VPOS="2087" ID="st7-472"/><SP/><String HEIGHT="26" CONTENT="Federal" WIDTH="85" HPOS="591" VPOS="2087" ID="st7-473"/><SP/><String HEIGHT="26" CONTENT="Reserve" WIDTH="89" HPOS="688" VPOS="2087" ID="st7-474"/></TextLine><TextLine HPOS="875" VPOS="204" ID="tl7-58" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="875" VPOS="204" ID="st7-475"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="910" VPOS="204" ID="st7-476"/><SP/><String HEIGHT="26" CONTENT="US" WIDTH="32" HPOS="959" VPOS="204" ID="st7-477"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1001" VPOS="204" ID="st7-478"/><SP/><String HEIGHT="26" CONTENT="other" WIDTH="64" HPOS="1056" VPOS="204" ID="st7-479"/><SP/><String HEIGHT="26" CONTENT="central" WIDTH="80" HPOS="1130" VPOS="204" ID="st7-480"/><SP/><String HEIGHT="26" CONTENT="banks" WIDTH="69" HPOS="1220" VPOS="204" ID="st7-481"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1299" VPOS="204" ID="st7-482"/><SP/><String HEIGHT="26" CONTENT="developed" WIDTH="122" HPOS="1334" VPOS="204" ID="st7-483"/></TextLine><TextLine HPOS="875" VPOS="237" ID="tl7-59" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="countries" WIDTH="109" HPOS="875" VPOS="237" ID="st7-484"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="55" HPOS="995" VPOS="237" ID="st7-485"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="40" HPOS="1061" VPOS="237" ID="st7-486"/><SP/><String HEIGHT="26" CONTENT="hesitated" WIDTH="109" HPOS="1112" VPOS="237" ID="st7-487"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1232" VPOS="237" ID="st7-488"/><SP/><String HEIGHT="26" CONTENT="expanding" WIDTH="124" HPOS="1264" VPOS="237" ID="st7-489"/><SP/><String HEIGHT="26" CONTENT="mas" WIDTH="43" HPOS="1399" VPOS="237" ID="st7-490" SUBS_TYPE="HypPart1" SUBS_CONTENT="massively"/><HYP CONTENT="-" WIDTH="14" HPOS="1442" VPOS="237" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="270" ID="tl7-60" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="sively" WIDTH="62" HPOS="875" VPOS="270" ID="st7-491" SUBS_TYPE="HypPart2" SUBS_CONTENT="massively"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="953" VPOS="270" ID="st7-492"/><SP/><String HEIGHT="27" CONTENT="supply" WIDTH="76" HPOS="1007" VPOS="270" ID="st7-493"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1099" VPOS="270" ID="st7-494"/><SP/><String HEIGHT="27" CONTENT="their" WIDTH="54" HPOS="1139" VPOS="270" ID="st7-495"/><SP/><String HEIGHT="27" CONTENT="currencies" WIDTH="119" HPOS="1209" VPOS="270" ID="st7-496"/><SP/><String HEIGHT="27" CONTENT="since" WIDTH="59" HPOS="1343" VPOS="270" ID="st7-497"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1418" VPOS="270" ID="st7-498"/></TextLine><TextLine HPOS="875" VPOS="304" ID="tl7-61" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="outset" WIDTH="75" HPOS="875" VPOS="304" ID="st7-499"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="962" VPOS="304" ID="st7-500"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="998" VPOS="304" ID="st7-501"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="54" HPOS="1049" VPOS="304" ID="st7-502"/><String HEIGHT="26" CONTENT="," WIDTH="9" HPOS="1103" VPOS="304" ID="st7-503"/><SP/><String HEIGHT="26" CONTENT="because" WIDTH="96" HPOS="1124" VPOS="304" ID="st7-504"/><SP/><String HEIGHT="26" CONTENT="they" WIDTH="51" HPOS="1232" VPOS="304" ID="st7-505"/><SP/><String HEIGHT="26" CONTENT="rightly" WIDTH="75" HPOS="1294" VPOS="304" ID="st7-506"/><SP/><String HEIGHT="26" CONTENT="identi" WIDTH="66" HPOS="1380" VPOS="304" ID="st7-507" SUBS_TYPE="HypPart1" SUBS_CONTENT="identified"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="304" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="337" ID="tl7-62" WIDTH="571" HEIGHT="26"><String HEIGHT="26" CONTENT="fied" WIDTH="45" HPOS="875" VPOS="337" ID="st7-508" SUBS_TYPE="HypPart2" SUBS_CONTENT="identified"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="928" VPOS="337" ID="st7-509"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="983" VPOS="337" ID="st7-510"/><SP/><String HEIGHT="26" CONTENT="threat" WIDTH="70" HPOS="1030" VPOS="337" ID="st7-511"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="1108" VPOS="337" ID="st7-512"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="40" HPOS="1133" VPOS="337" ID="st7-513"/><SP/><String HEIGHT="26" CONTENT="inflation" WIDTH="97" HPOS="1181" VPOS="337" ID="st7-514"/><SP/><String HEIGHT="26" CONTENT="but" WIDTH="40" HPOS="1286" VPOS="337" ID="st7-515"/><SP/><String HEIGHT="26" CONTENT="deflation" WIDTH="100" HPOS="1334" VPOS="337" ID="st7-516"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1434" VPOS="337" ID="st7-517"/></TextLine><TextLine HPOS="876" VPOS="387" ID="tl7-63" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="876" VPOS="387" ID="st7-518"/><SP/><String HEIGHT="26" CONTENT="IMF" WIDTH="43" HPOS="934" VPOS="387" ID="st7-519"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="992" VPOS="387" ID="st7-520"/><SP/><String HEIGHT="26" CONTENT="issue" WIDTH="57" HPOS="1087" VPOS="387" ID="st7-521"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1159" VPOS="387" ID="st7-522"/><SP/><String HEIGHT="26" CONTENT="significant" WIDTH="121" HPOS="1188" VPOS="387" ID="st7-523"/><SP/><String HEIGHT="26" CONTENT="amount" WIDTH="93" HPOS="1324" VPOS="387" ID="st7-524"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1432" VPOS="387" ID="st7-525"/></TextLine><TextLine HPOS="876" VPOS="420" ID="tl7-64" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="SDR" WIDTH="47" HPOS="876" VPOS="420" ID="st7-526"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="935" VPOS="420" ID="st7-527"/><SP/><String HEIGHT="27" CONTENT="offer" WIDTH="57" HPOS="991" VPOS="420" ID="st7-528"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="1060" VPOS="420" ID="st7-529"/><SP/><String HEIGHT="27" CONTENT="new" WIDTH="51" HPOS="1085" VPOS="420" ID="st7-530"/><SP/><String HEIGHT="27" CONTENT="credit" WIDTH="66" HPOS="1148" VPOS="420" ID="st7-531"/><SP/><String HEIGHT="27" CONTENT="line" WIDTH="42" HPOS="1225" VPOS="420" ID="st7-532"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="24" HPOS="1279" VPOS="420" ID="st7-533"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="38" HPOS="1315" VPOS="420" ID="st7-534"/><SP/><String HEIGHT="27" CONTENT="govern" WIDTH="78" HPOS="1365" VPOS="420" ID="st7-535" SUBS_TYPE="HypPart1" SUBS_CONTENT="governments"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="420" HEIGHT="27"/></TextLine><TextLine HPOS="876" VPOS="454" ID="tl7-65" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="ments" WIDTH="72" HPOS="876" VPOS="454" ID="st7-536" SUBS_TYPE="HypPart2" SUBS_CONTENT="governments"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="964" VPOS="454" ID="st7-537"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="129" HPOS="1005" VPOS="454" ID="st7-538"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="1150" VPOS="454" ID="st7-539"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1274" VPOS="454" ID="st7-540"/><SP/><String HEIGHT="26" CONTENT="finance" WIDTH="86" HPOS="1315" VPOS="454" ID="st7-541"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="454" ID="st7-542"/></TextLine><TextLine HPOS="876" VPOS="487" ID="tl7-66" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="above" WIDTH="71" HPOS="876" VPOS="487" ID="st7-543"/><SP/><String HEIGHT="26" CONTENT="described" WIDTH="112" HPOS="959" VPOS="487" ID="st7-544"/><SP/><String HEIGHT="26" CONTENT="expansive" WIDTH="114" HPOS="1084" VPOS="487" ID="st7-545"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="59" HPOS="1210" VPOS="487" ID="st7-546"/><SP/><String HEIGHT="26" CONTENT="programs" WIDTH="106" HPOS="1281" VPOS="487" ID="st7-547"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="1387" VPOS="487" ID="st7-548"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="1413" VPOS="487" ID="st7-549"/></TextLine><TextLine HPOS="876" VPOS="520" ID="tl7-67" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="new" WIDTH="51" HPOS="876" VPOS="520" ID="st7-550"/><SP/><String HEIGHT="27" CONTENT="credit" WIDTH="67" HPOS="936" VPOS="520" ID="st7-551"/><SP/><String HEIGHT="27" CONTENT="line" WIDTH="42" HPOS="1012" VPOS="520" ID="st7-552"/><SP/><String HEIGHT="27" CONTENT="should" WIDTH="78" HPOS="1064" VPOS="520" ID="st7-553"/><SP/><String HEIGHT="27" CONTENT="be" WIDTH="29" HPOS="1152" VPOS="520" ID="st7-554"/><SP/><String HEIGHT="27" CONTENT="directed" WIDTH="96" HPOS="1191" VPOS="520" ID="st7-555"/><SP/><String HEIGHT="27" CONTENT="mainly" WIDTH="77" HPOS="1296" VPOS="520" ID="st7-556"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="1383" VPOS="520" ID="st7-557"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="520" ID="st7-558"/></TextLine><TextLine HPOS="876" VPOS="554" ID="tl7-68" WIDTH="504" HEIGHT="26"><String HEIGHT="26" CONTENT="governments" WIDTH="154" HPOS="876" VPOS="554" ID="st7-559"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1044" VPOS="554" ID="st7-560"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="41" HPOS="1102" VPOS="554" ID="st7-561"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1156" VPOS="554" ID="st7-562"/><SP/><String HEIGHT="26" CONTENT="central" WIDTH="81" HPOS="1208" VPOS="554" ID="st7-563"/><SP/><String HEIGHT="26" CONTENT="banks" WIDTH="64" HPOS="1303" VPOS="554" ID="st7-564"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="1367" VPOS="554" ID="st7-565"/></TextLine><TextLine HPOS="1382" VPOS="550" ID="tl7-69" WIDTH="15" HEIGHT="13"><String HEIGHT="13" CONTENT="10" WIDTH="15" HPOS="1382" VPOS="550" ID="st7-566"/></TextLine><TextLine HPOS="1413" VPOS="554" ID="tl7-70" WIDTH="43" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="1413" VPOS="554" ID="st7-567"/></TextLine><TextLine HPOS="875" VPOS="587" ID="tl7-71" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="credit" WIDTH="67" HPOS="875" VPOS="587" ID="st7-568"/><SP/><String HEIGHT="26" CONTENT="facility" WIDTH="76" HPOS="950" VPOS="587" ID="st7-569"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="78" HPOS="1035" VPOS="587" ID="st7-570"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="40" HPOS="1122" VPOS="587" ID="st7-571"/><SP/><String HEIGHT="26" CONTENT="aim" WIDTH="43" HPOS="1171" VPOS="587" ID="st7-572"/><String HEIGHT="26" CONTENT="(" WIDTH="10" HPOS="1223" VPOS="587" ID="st7-573"/><String HEIGHT="26" CONTENT="exclusively" WIDTH="116" HPOS="1233" VPOS="587" ID="st7-574"/><String HEIGHT="26" CONTENT=")" WIDTH="11" HPOS="1349" VPOS="587" ID="st7-575"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="1369" VPOS="587" ID="st7-576"/><SP/><String HEIGHT="26" CONTENT="rein" WIDTH="44" HPOS="1402" VPOS="587" ID="st7-577" SUBS_TYPE="HypPart1" SUBS_CONTENT="reinforce"/><HYP CONTENT="-" WIDTH="10" HPOS="1446" VPOS="587" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="620" ID="tl7-72" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="force" WIDTH="61" HPOS="875" VPOS="620" ID="st7-578" SUBS_TYPE="HypPart2" SUBS_CONTENT="reinforce"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="946" VPOS="620" ID="st7-579"/><SP/><String HEIGHT="27" CONTENT="stock" WIDTH="62" HPOS="995" VPOS="620" ID="st7-580"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="1068" VPOS="620" ID="st7-581"/><SP/><String HEIGHT="27" CONTENT="foreign" WIDTH="85" HPOS="1103" VPOS="620" ID="st7-582"/><SP/><String HEIGHT="27" CONTENT="exchange" WIDTH="112" HPOS="1199" VPOS="620" ID="st7-583"/><SP/><String HEIGHT="27" CONTENT="reserves" WIDTH="90" HPOS="1322" VPOS="620" ID="st7-584"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="1412" VPOS="620" ID="st7-585"/><SP/><String HEIGHT="27" CONTENT="In" WIDTH="22" HPOS="1434" VPOS="620" ID="st7-586"/></TextLine><TextLine HPOS="875" VPOS="654" ID="tl7-73" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="875" VPOS="654" ID="st7-587"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="85" HPOS="933" VPOS="654" ID="st7-588"/><SP/><String HEIGHT="26" CONTENT="depressive" WIDTH="122" HPOS="1036" VPOS="654" ID="st7-589"/><SP/><String HEIGHT="26" CONTENT="context" WIDTH="88" HPOS="1177" VPOS="654" ID="st7-590"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1283" VPOS="654" ID="st7-591"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="129" HPOS="1327" VPOS="654" ID="st7-592"/></TextLine><TextLine HPOS="875" VPOS="687" ID="tl7-74" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="countries" WIDTH="104" HPOS="875" VPOS="687" ID="st7-593"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="979" VPOS="687" ID="st7-594"/><SP/><String HEIGHT="26" CONTENT="it" WIDTH="16" HPOS="1012" VPOS="687" ID="st7-595"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="1048" VPOS="687" ID="st7-596"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="40" HPOS="1086" VPOS="687" ID="st7-597"/><SP/><String HEIGHT="26" CONTENT="liquidity" WIDTH="93" HPOS="1147" VPOS="687" ID="st7-598"/><SP/><String HEIGHT="26" CONTENT="what" WIDTH="60" HPOS="1260" VPOS="687" ID="st7-599"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="1341" VPOS="687" ID="st7-600"/><SP/><String HEIGHT="26" CONTENT="mostly" WIDTH="77" HPOS="1379" VPOS="687" ID="st7-601"/></TextLine><TextLine HPOS="875" VPOS="720" ID="tl7-75" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="needed" WIDTH="82" HPOS="875" VPOS="720" ID="st7-602"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="957" VPOS="720" ID="st7-603"/><SP/><String HEIGHT="27" CONTENT="but" WIDTH="40" HPOS="983" VPOS="720" ID="st7-604"/><SP/><String HEIGHT="27" CONTENT="sources" WIDTH="88" HPOS="1034" VPOS="720" ID="st7-605"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1133" VPOS="720" ID="st7-606"/><SP/><String HEIGHT="27" CONTENT="aggregate" WIDTH="121" HPOS="1169" VPOS="720" ID="st7-607"/><SP/><String HEIGHT="27" CONTENT="demand" WIDTH="90" HPOS="1301" VPOS="720" ID="st7-608"/><String HEIGHT="27" CONTENT="." WIDTH="15" HPOS="1391" VPOS="720" ID="st7-609"/><SP/><String HEIGHT="27" CONTENT="Be" WIDTH="26" HPOS="1417" VPOS="720" ID="st7-610" SUBS_TYPE="HypPart1" SUBS_CONTENT="Besides"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="720" HEIGHT="27"/></TextLine><TextLine HPOS="875" VPOS="754" ID="tl7-76" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="sides" WIDTH="55" HPOS="875" VPOS="754" ID="st7-611" SUBS_TYPE="HypPart2" SUBS_CONTENT="Besides"/><String HEIGHT="26" CONTENT="," WIDTH="11" HPOS="930" VPOS="754" ID="st7-612"/><SP/><String HEIGHT="26" CONTENT="if" WIDTH="16" HPOS="949" VPOS="754" ID="st7-613"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="974" VPOS="754" ID="st7-614"/><SP/><String HEIGHT="26" CONTENT="funds" WIDTH="66" HPOS="1021" VPOS="754" ID="st7-615"/><SP/><String HEIGHT="26" CONTENT="were" WIDTH="59" HPOS="1096" VPOS="754" ID="st7-616"/><SP/><String HEIGHT="26" CONTENT="used" WIDTH="56" HPOS="1163" VPOS="754" ID="st7-617"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="1228" VPOS="754" ID="st7-618"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1270" VPOS="754" ID="st7-619"/><SP/><String HEIGHT="26" CONTENT="reinforce" WIDTH="105" HPOS="1304" VPOS="754" ID="st7-620"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1418" VPOS="754" ID="st7-621"/></TextLine><TextLine HPOS="875" VPOS="787" ID="tl7-77" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="stock" WIDTH="62" HPOS="875" VPOS="787" ID="st7-622"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="950" VPOS="787" ID="st7-623"/><SP/><String HEIGHT="26" CONTENT="foreign" WIDTH="85" HPOS="986" VPOS="787" ID="st7-624"/><SP/><String HEIGHT="26" CONTENT="exchange" WIDTH="113" HPOS="1083" VPOS="787" ID="st7-625"/><SP/><String HEIGHT="26" CONTENT="reserves" WIDTH="90" HPOS="1208" VPOS="787" ID="st7-626"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="1298" VPOS="787" ID="st7-627"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1322" VPOS="787" ID="st7-628"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="40" HPOS="1379" VPOS="787" ID="st7-629"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1431" VPOS="787" ID="st7-630"/></TextLine><TextLine HPOS="875" VPOS="820" ID="tl7-78" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="serve" WIDTH="61" HPOS="875" VPOS="820" ID="st7-631"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="948" VPOS="820" ID="st7-632"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="1000" VPOS="820" ID="st7-633"/><SP/><String HEIGHT="27" CONTENT="needs" WIDTH="70" HPOS="1111" VPOS="820" ID="st7-634"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="1193" VPOS="820" ID="st7-635"/><SP/><String HEIGHT="27" CONTENT="governments" WIDTH="148" HPOS="1231" VPOS="820" ID="st7-636"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="1379" VPOS="820" ID="st7-637"/><SP/><String HEIGHT="27" CONTENT="they" WIDTH="51" HPOS="1405" VPOS="820" ID="st7-638"/></TextLine><TextLine HPOS="875" VPOS="854" ID="tl7-79" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="would" WIDTH="75" HPOS="875" VPOS="854" ID="st7-639"/><SP/><String HEIGHT="26" CONTENT="likely" WIDTH="59" HPOS="963" VPOS="854" ID="st7-640"/><SP/><String HEIGHT="26" CONTENT="be" WIDTH="30" HPOS="1035" VPOS="854" ID="st7-641"/><SP/><String HEIGHT="26" CONTENT="used" WIDTH="56" HPOS="1078" VPOS="854" ID="st7-642"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1147" VPOS="854" ID="st7-643"/><SP/><String HEIGHT="26" CONTENT="finance" WIDTH="87" HPOS="1185" VPOS="854" ID="st7-644"/><SP/><String HEIGHT="26" CONTENT="private" WIDTH="80" HPOS="1285" VPOS="854" ID="st7-645"/><SP/><String HEIGHT="26" CONTENT="capital" WIDTH="77" HPOS="1379" VPOS="854" ID="st7-646"/></TextLine><TextLine HPOS="875" VPOS="887" ID="tl7-80" WIDTH="112" HEIGHT="26"><String HEIGHT="26" CONTENT="outflows" WIDTH="99" HPOS="875" VPOS="887" ID="st7-647"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="974" VPOS="887" ID="st7-648"/></TextLine><TextLine HPOS="875" VPOS="937" ID="tl7-81" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="44" HPOS="875" VPOS="937" ID="st7-649"/><SP/><String HEIGHT="26" CONTENT="proposed" WIDTH="111" HPOS="930" VPOS="937" ID="st7-650"/><SP/><String HEIGHT="26" CONTENT="use" WIDTH="40" HPOS="1053" VPOS="937" ID="st7-651"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1105" VPOS="937" ID="st7-652"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1141" VPOS="937" ID="st7-653"/><SP/><String HEIGHT="26" CONTENT="emission" WIDTH="102" HPOS="1191" VPOS="937" ID="st7-654"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1305" VPOS="937" ID="st7-655"/><SP/><String HEIGHT="26" CONTENT="SDR" WIDTH="48" HPOS="1341" VPOS="937" ID="st7-656"/><SP/><String HEIGHT="26" CONTENT="does" WIDTH="55" HPOS="1401" VPOS="937" ID="st7-657"/></TextLine><TextLine HPOS="875" VPOS="970" ID="tl7-82" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="not" WIDTH="41" HPOS="875" VPOS="970" ID="st7-658"/><SP/><String HEIGHT="27" CONTENT="preclude" WIDTH="101" HPOS="925" VPOS="970" ID="st7-659"/><SP/><String HEIGHT="27" CONTENT="other" WIDTH="64" HPOS="1035" VPOS="970" ID="st7-660"/><SP/><String HEIGHT="27" CONTENT="potential" WIDTH="105" HPOS="1108" VPOS="970" ID="st7-661"/><SP/><String HEIGHT="27" CONTENT="uses" WIDTH="46" HPOS="1222" VPOS="970" ID="st7-662"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="1268" VPOS="970" ID="st7-663"/><SP/><String HEIGHT="27" CONTENT="Among" WIDTH="88" HPOS="1289" VPOS="970" ID="st7-664"/><SP/><String HEIGHT="27" CONTENT="them" WIDTH="56" HPOS="1386" VPOS="970" ID="st7-665"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="1442" VPOS="970" ID="st7-666"/></TextLine><TextLine HPOS="875" VPOS="1004" ID="tl7-83" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="it" WIDTH="16" HPOS="875" VPOS="1004" ID="st7-667"/><SP/><String HEIGHT="26" CONTENT="might" WIDTH="70" HPOS="901" VPOS="1004" ID="st7-668"/><SP/><String HEIGHT="26" CONTENT="be" WIDTH="29" HPOS="981" VPOS="1004" ID="st7-669"/><SP/><String HEIGHT="26" CONTENT="necessary" WIDTH="113" HPOS="1020" VPOS="1004" ID="st7-670"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1143" VPOS="1004" ID="st7-671"/><SP/><String HEIGHT="26" CONTENT="use" WIDTH="40" HPOS="1178" VPOS="1004" ID="st7-672"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1228" VPOS="1004" ID="st7-673"/><SP/><String HEIGHT="26" CONTENT="new" WIDTH="51" HPOS="1277" VPOS="1004" ID="st7-674"/><SP/><String HEIGHT="26" CONTENT="credit" WIDTH="67" HPOS="1338" VPOS="1004" ID="st7-675"/><SP/><String HEIGHT="26" CONTENT="line" WIDTH="41" HPOS="1415" VPOS="1004" ID="st7-676"/></TextLine><TextLine HPOS="875" VPOS="1037" ID="tl7-84" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="for" WIDTH="35" HPOS="875" VPOS="1037" ID="st7-677"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="920" VPOS="1037" ID="st7-678"/><SP/><String HEIGHT="26" CONTENT="assistance" WIDTH="118" HPOS="969" VPOS="1037" ID="st7-679"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="1097" VPOS="1037" ID="st7-680"/><SP/><String HEIGHT="26" CONTENT="restructuring" WIDTH="151" HPOS="1153" VPOS="1037" ID="st7-681"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1315" VPOS="1037" ID="st7-682"/><SP/><String HEIGHT="26" CONTENT="domestic" WIDTH="106" HPOS="1350" VPOS="1037" ID="st7-683"/></TextLine><TextLine HPOS="875" VPOS="1070" ID="tl7-85" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="875" VPOS="1070" ID="st7-684"/><SP/><String HEIGHT="27" CONTENT="systems" WIDTH="92" HPOS="987" VPOS="1070" ID="st7-685"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1092" VPOS="1070" ID="st7-686"/><SP/><String HEIGHT="27" CONTENT="those" WIDTH="65" HPOS="1127" VPOS="1070" ID="st7-687"/><SP/><String HEIGHT="27" CONTENT="developing" WIDTH="130" HPOS="1205" VPOS="1070" ID="st7-688"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="108" HPOS="1348" VPOS="1070" ID="st7-689"/></TextLine><TextLine HPOS="875" VPOS="1104" ID="tl7-86" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="where" WIDTH="75" HPOS="875" VPOS="1104" ID="st7-690"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="961" VPOS="1104" ID="st7-691"/><SP/><String HEIGHT="26" CONTENT="much" WIDTH="67" HPOS="989" VPOS="1104" ID="st7-692"/><SP/><String HEIGHT="26" CONTENT="needed" WIDTH="82" HPOS="1067" VPOS="1104" ID="st7-693"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="1149" VPOS="1104" ID="st7-694"/><SP/><String HEIGHT="26" CONTENT="as" WIDTH="25" HPOS="1174" VPOS="1104" ID="st7-695"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1211" VPOS="1104" ID="st7-696"/><SP/><String HEIGHT="26" CONTENT="many" WIDTH="65" HPOS="1244" VPOS="1104" ID="st7-697"/><SP/><String HEIGHT="26" CONTENT="Eastern" WIDTH="86" HPOS="1320" VPOS="1104" ID="st7-698"/><SP/><String HEIGHT="26" CONTENT="Eu" WIDTH="26" HPOS="1418" VPOS="1104" ID="st7-699" SUBS_TYPE="HypPart1" SUBS_CONTENT="European"/><HYP CONTENT="-" WIDTH="12" HPOS="1444" VPOS="1104" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1137" ID="tl7-87" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="ropean" WIDTH="84" HPOS="875" VPOS="1137" ID="st7-700" SUBS_TYPE="HypPart2" SUBS_CONTENT="European"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="104" HPOS="973" VPOS="1137" ID="st7-701"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1077" VPOS="1137" ID="st7-702"/><SP/><String HEIGHT="26" CONTENT="Because" WIDTH="95" HPOS="1103" VPOS="1137" ID="st7-703"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1212" VPOS="1137" ID="st7-704"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1251" VPOS="1137" ID="st7-705"/><SP/><String HEIGHT="26" CONTENT="large" WIDTH="59" HPOS="1303" VPOS="1137" ID="st7-706"/><SP/><String HEIGHT="26" CONTENT="experi" WIDTH="69" HPOS="1376" VPOS="1137" ID="st7-707" SUBS_TYPE="HypPart1" SUBS_CONTENT="experience"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="1137" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1170" ID="tl7-88" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="ence" WIDTH="56" HPOS="875" VPOS="1170" ID="st7-708" SUBS_TYPE="HypPart2" SUBS_CONTENT="experience"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="25" HPOS="943" VPOS="1170" ID="st7-709"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="979" VPOS="1170" ID="st7-710"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="63" HPOS="1090" VPOS="1170" ID="st7-711"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1165" VPOS="1170" ID="st7-712"/><SP/><String HEIGHT="27" CONTENT="developing" WIDTH="130" HPOS="1198" VPOS="1170" ID="st7-713"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="104" HPOS="1340" VPOS="1170" ID="st7-714"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="1444" VPOS="1170" ID="st7-715"/></TextLine><TextLine HPOS="875" VPOS="1204" ID="tl7-89" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="875" VPOS="1204" ID="st7-716"/><SP/><String HEIGHT="26" CONTENT="IMF" WIDTH="43" HPOS="925" VPOS="1204" ID="st7-717"/><SP/><String HEIGHT="26" CONTENT="has" WIDTH="40" HPOS="979" VPOS="1204" ID="st7-718"/><SP/><String HEIGHT="26" CONTENT="more" WIDTH="62" HPOS="1029" VPOS="1204" ID="st7-719"/><SP/><String HEIGHT="26" CONTENT="expertise" WIDTH="105" HPOS="1102" VPOS="1204" ID="st7-720"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1217" VPOS="1204" ID="st7-721"/><SP/><String HEIGHT="26" CONTENT="running" WIDTH="93" HPOS="1249" VPOS="1204" ID="st7-722"/><SP/><String HEIGHT="26" CONTENT="this" WIDTH="42" HPOS="1353" VPOS="1204" ID="st7-723"/><SP/><String HEIGHT="26" CONTENT="kind" WIDTH="51" HPOS="1405" VPOS="1204" ID="st7-724"/></TextLine><TextLine HPOS="875" VPOS="1237" ID="tl7-90" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="875" VPOS="1237" ID="st7-725"/><SP/><String HEIGHT="26" CONTENT="programs" WIDTH="113" HPOS="914" VPOS="1237" ID="st7-726"/><SP/><String HEIGHT="26" CONTENT="than" WIDTH="54" HPOS="1041" VPOS="1237" ID="st7-727"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="21" HPOS="1110" VPOS="1237" ID="st7-728"/><SP/><String HEIGHT="26" CONTENT="financing" WIDTH="110" HPOS="1145" VPOS="1237" ID="st7-729"/><SP/><String HEIGHT="26" CONTENT="expansive" WIDTH="114" HPOS="1269" VPOS="1237" ID="st7-730"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="58" HPOS="1398" VPOS="1237" ID="st7-731"/></TextLine><TextLine HPOS="875" VPOS="1270" ID="tl7-91" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="programs" WIDTH="107" HPOS="875" VPOS="1270" ID="st7-732"/><String HEIGHT="27" CONTENT="." WIDTH="14" HPOS="982" VPOS="1270" ID="st7-733"/><SP/><String HEIGHT="27" CONTENT="Expertise" WIDTH="100" HPOS="1006" VPOS="1270" ID="st7-734"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="1106" VPOS="1270" ID="st7-735"/><SP/><String HEIGHT="27" CONTENT="however" WIDTH="96" HPOS="1128" VPOS="1270" ID="st7-736"/><String HEIGHT="27" CONTENT="," WIDTH="14" HPOS="1224" VPOS="1270" ID="st7-737"/><SP/><String HEIGHT="27" CONTENT="will" WIDTH="40" HPOS="1248" VPOS="1270" ID="st7-738"/><SP/><String HEIGHT="27" CONTENT="surely" WIDTH="68" HPOS="1298" VPOS="1270" ID="st7-739"/><SP/><String HEIGHT="27" CONTENT="not" WIDTH="40" HPOS="1376" VPOS="1270" ID="st7-740"/><SP/><String HEIGHT="27" CONTENT="be" WIDTH="30" HPOS="1426" VPOS="1270" ID="st7-741"/></TextLine><TextLine HPOS="875" VPOS="1304" ID="tl7-92" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="enough" WIDTH="84" HPOS="875" VPOS="1304" ID="st7-742"/><String HEIGHT="26" CONTENT="." WIDTH="15" HPOS="959" VPOS="1304" ID="st7-743"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="989" VPOS="1304" ID="st7-744"/><SP/><String HEIGHT="26" CONTENT="magnitude" WIDTH="128" HPOS="1047" VPOS="1304" ID="st7-745"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1190" VPOS="1304" ID="st7-746"/><SP/><String HEIGHT="26" CONTENT="resources" WIDTH="111" HPOS="1229" VPOS="1304" ID="st7-747"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="47" HPOS="1355" VPOS="1304" ID="st7-748"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1417" VPOS="1304" ID="st7-749"/></TextLine><TextLine HPOS="875" VPOS="1337" ID="tl7-93" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="IMF" WIDTH="44" HPOS="875" VPOS="1337" ID="st7-750"/><SP/><String HEIGHT="26" CONTENT="would" WIDTH="74" HPOS="927" VPOS="1337" ID="st7-751"/><SP/><String HEIGHT="26" CONTENT="need" WIDTH="59" HPOS="1009" VPOS="1337" ID="st7-752"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1076" VPOS="1337" ID="st7-753"/><SP/><String HEIGHT="26" CONTENT="deal" WIDTH="49" HPOS="1109" VPOS="1337" ID="st7-754"/><SP/><String HEIGHT="26" CONTENT="with" WIDTH="53" HPOS="1166" VPOS="1337" ID="st7-755"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="85" HPOS="1227" VPOS="1337" ID="st7-756"/><SP/><String HEIGHT="26" CONTENT="global" WIDTH="72" HPOS="1320" VPOS="1337" ID="st7-757"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="56" HPOS="1400" VPOS="1337" ID="st7-758"/></TextLine><TextLine HPOS="875" VPOS="1370" ID="tl7-94" WIDTH="494" HEIGHT="27"><String HEIGHT="27" CONTENT="is" WIDTH="17" HPOS="875" VPOS="1370" ID="st7-759"/><SP/><String HEIGHT="27" CONTENT="much" WIDTH="67" HPOS="900" VPOS="1370" ID="st7-760"/><SP/><String HEIGHT="27" CONTENT="higher" WIDTH="76" HPOS="974" VPOS="1370" ID="st7-761"/><SP/><String HEIGHT="27" CONTENT="than" WIDTH="54" HPOS="1058" VPOS="1370" ID="st7-762"/><SP/><String HEIGHT="27" CONTENT="what" WIDTH="61" HPOS="1119" VPOS="1370" ID="st7-763"/><SP/><String HEIGHT="27" CONTENT="it" WIDTH="16" HPOS="1187" VPOS="1370" ID="st7-764"/><SP/><String HEIGHT="27" CONTENT="currently" WIDTH="104" HPOS="1210" VPOS="1370" ID="st7-765"/><SP/><String HEIGHT="27" CONTENT="has" WIDTH="36" HPOS="1321" VPOS="1370" ID="st7-766"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="1357" VPOS="1370" ID="st7-767"/></TextLine><TextLine HPOS="875" VPOS="1435" ID="tl7-95" WIDTH="341" HEIGHT="29"><String HEIGHT="29" CONTENT="5" WIDTH="13" HPOS="875" VPOS="1435" ID="st7-768"/><String HEIGHT="29" CONTENT="." WIDTH="13" HPOS="888" VPOS="1435" ID="st7-769"/><SP/><String HEIGHT="29" CONTENT="Concluding" WIDTH="161" HPOS="931" VPOS="1435" ID="st7-770"/><SP/><String HEIGHT="29" CONTENT="remarks" WIDTH="116" HPOS="1100" VPOS="1435" ID="st7-771"/></TextLine><TextLine HPOS="875" VPOS="1487" ID="tl7-96" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="There" WIDTH="67" HPOS="875" VPOS="1487" ID="st7-772"/><SP/><String HEIGHT="26" CONTENT="are" WIDTH="37" HPOS="954" VPOS="1487" ID="st7-773"/><SP/><String HEIGHT="26" CONTENT="signs" WIDTH="59" HPOS="1003" VPOS="1487" ID="st7-774"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="44" HPOS="1074" VPOS="1487" ID="st7-775"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="1118" VPOS="1487" ID="st7-776"/><SP/><String HEIGHT="26" CONTENT="due" WIDTH="45" HPOS="1142" VPOS="1487" ID="st7-777"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1199" VPOS="1487" ID="st7-778"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1236" VPOS="1487" ID="st7-779"/><SP/><String HEIGHT="26" CONTENT="current" WIDTH="84" HPOS="1287" VPOS="1487" ID="st7-780"/><SP/><String HEIGHT="26" CONTENT="global" WIDTH="73" HPOS="1383" VPOS="1487" ID="st7-781"/></TextLine><TextLine HPOS="875" VPOS="1520" ID="tl7-97" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="crisis" WIDTH="54" HPOS="875" VPOS="1520" ID="st7-782"/><String HEIGHT="27" CONTENT="," WIDTH="10" HPOS="929" VPOS="1520" ID="st7-783"/><SP/><String HEIGHT="27" CONTENT="insights" WIDTH="90" HPOS="951" VPOS="1520" ID="st7-784"/><SP/><String HEIGHT="27" CONTENT="form" WIDTH="57" HPOS="1053" VPOS="1520" ID="st7-785"/><SP/><String HEIGHT="27" CONTENT="Keynesian" WIDTH="119" HPOS="1123" VPOS="1520" ID="st7-786"/><SP/><String HEIGHT="27" CONTENT="economic" WIDTH="114" HPOS="1254" VPOS="1520" ID="st7-787"/><SP/><String HEIGHT="27" CONTENT="theory" WIDTH="76" HPOS="1380" VPOS="1520" ID="st7-788"/></TextLine><TextLine HPOS="875" VPOS="1554" ID="tl7-98" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="would" WIDTH="75" HPOS="875" VPOS="1554" ID="st7-789"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="56" HPOS="959" VPOS="1554" ID="st7-790"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1024" VPOS="1554" ID="st7-791"/><SP/><String HEIGHT="26" CONTENT="comeback" WIDTH="113" HPOS="1048" VPOS="1554" ID="st7-792"/><String HEIGHT="26" CONTENT="." WIDTH="15" HPOS="1161" VPOS="1554" ID="st7-793"/><SP/><String HEIGHT="26" CONTENT="Economists" WIDTH="133" HPOS="1185" VPOS="1554" ID="st7-794"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="1327" VPOS="1554" ID="st7-795"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="40" HPOS="1416" VPOS="1554" ID="st7-796"/></TextLine><TextLine HPOS="875" VPOS="1587" ID="tl7-99" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="forget" WIDTH="73" HPOS="875" VPOS="1587" ID="st7-797"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="962" VPOS="1587" ID="st7-798"/><SP/><String HEIGHT="26" CONTENT="lessons" WIDTH="84" HPOS="1015" VPOS="1587" ID="st7-799"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="1113" VPOS="1587" ID="st7-800"/><SP/><String HEIGHT="26" CONTENT="have" WIDTH="56" HPOS="1175" VPOS="1587" ID="st7-801"/><SP/><String HEIGHT="26" CONTENT="been" WIDTH="59" HPOS="1245" VPOS="1587" ID="st7-802"/><SP/><String HEIGHT="26" CONTENT="learnt" WIDTH="68" HPOS="1318" VPOS="1587" ID="st7-803"/><SP/><String HEIGHT="26" CONTENT="after" WIDTH="56" HPOS="1400" VPOS="1587" ID="st7-804"/></TextLine><TextLine HPOS="875" VPOS="1620" ID="tl7-100" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="three" WIDTH="62" HPOS="875" VPOS="1620" ID="st7-805"/><SP/><String HEIGHT="27" CONTENT="decades" WIDTH="96" HPOS="950" VPOS="1620" ID="st7-806"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="1058" VPOS="1620" ID="st7-807"/><SP/><String HEIGHT="27" CONTENT="several" WIDTH="80" HPOS="1095" VPOS="1620" ID="st7-808"/><SP/><String HEIGHT="27" CONTENT="painful" WIDTH="82" HPOS="1187" VPOS="1620" ID="st7-809"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="1282" VPOS="1620" ID="st7-810"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="63" HPOS="1393" VPOS="1620" ID="st7-811"/></TextLine><TextLine HPOS="875" VPOS="1654" ID="tl7-101" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="875" VPOS="1654" ID="st7-812"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="129" HPOS="908" VPOS="1654" ID="st7-813"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="104" HPOS="1048" VPOS="1654" ID="st7-814"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="1152" VPOS="1654" ID="st7-815"/><SP/><String HEIGHT="26" CONTENT="We" WIDTH="40" HPOS="1174" VPOS="1654" ID="st7-816"/><SP/><String HEIGHT="26" CONTENT="emphasize" WIDTH="125" HPOS="1225" VPOS="1654" ID="st7-817"/><SP/><String HEIGHT="26" CONTENT="two" WIDTH="47" HPOS="1360" VPOS="1654" ID="st7-818"/><SP/><String HEIGHT="26" CONTENT="im" WIDTH="26" HPOS="1417" VPOS="1654" ID="st7-819" SUBS_TYPE="HypPart1" SUBS_CONTENT="important"/><HYP CONTENT="-" WIDTH="13" HPOS="1443" VPOS="1654" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1687" ID="tl7-102" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="portant" WIDTH="89" HPOS="875" VPOS="1687" ID="st7-820" SUBS_TYPE="HypPart2" SUBS_CONTENT="important"/><SP/><String HEIGHT="26" CONTENT="lessons" WIDTH="83" HPOS="977" VPOS="1687" ID="st7-821"/><SP/><String HEIGHT="26" CONTENT="related" WIDTH="81" HPOS="1073" VPOS="1687" ID="st7-822"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1167" VPOS="1687" ID="st7-823"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1205" VPOS="1687" ID="st7-824"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="60" HPOS="1316" VPOS="1687" ID="st7-825"/><String HEIGHT="26" CONTENT="." WIDTH="11" HPOS="1376" VPOS="1687" ID="st7-826"/><SP/><String HEIGHT="26" CONTENT="First" WIDTH="46" HPOS="1400" VPOS="1687" ID="st7-827"/><String HEIGHT="26" CONTENT="," WIDTH="10" HPOS="1446" VPOS="1687" ID="st7-828"/></TextLine><TextLine HPOS="875" VPOS="1720" ID="tl7-103" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="preventing" WIDTH="127" HPOS="875" VPOS="1720" ID="st7-829"/><SP/><String HEIGHT="27" CONTENT="crises" WIDTH="63" HPOS="1012" VPOS="1720" ID="st7-830"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="22" HPOS="1084" VPOS="1720" ID="st7-831"/><SP/><String HEIGHT="27" CONTENT="emerging" WIDTH="113" HPOS="1115" VPOS="1720" ID="st7-832"/><SP/><String HEIGHT="27" CONTENT="market" WIDTH="83" HPOS="1237" VPOS="1720" ID="st7-833"/><SP/><String HEIGHT="27" CONTENT="economies" WIDTH="126" HPOS="1330" VPOS="1720" ID="st7-834"/></TextLine><TextLine HPOS="875" VPOS="1754" ID="tl7-104" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="requires" WIDTH="95" HPOS="875" VPOS="1754" ID="st7-835"/><SP/><String HEIGHT="26" CONTENT="not" WIDTH="41" HPOS="981" VPOS="1754" ID="st7-836"/><SP/><String HEIGHT="26" CONTENT="only" WIDTH="50" HPOS="1033" VPOS="1754" ID="st7-837"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1094" VPOS="1754" ID="st7-838"/><SP/><String HEIGHT="26" CONTENT="regulation" WIDTH="120" HPOS="1145" VPOS="1754" ID="st7-839"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1277" VPOS="1754" ID="st7-840"/><SP/><String HEIGHT="26" CONTENT="domestic" WIDTH="107" HPOS="1313" VPOS="1754" ID="st7-841"/><SP/><String HEIGHT="26" CONTENT="fi" WIDTH="17" HPOS="1431" VPOS="1754" ID="st7-842" SUBS_TYPE="HypPart1" SUBS_CONTENT="financial"/><HYP CONTENT="-" WIDTH="8" HPOS="1448" VPOS="1754" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1787" ID="tl7-105" WIDTH="581" HEIGHT="26"><String HEIGHT="26" CONTENT="nancial" WIDTH="84" HPOS="875" VPOS="1787" ID="st7-843" SUBS_TYPE="HypPart2" SUBS_CONTENT="financial"/><SP/><String HEIGHT="26" CONTENT="systems" WIDTH="85" HPOS="967" VPOS="1787" ID="st7-844"/><String HEIGHT="26" CONTENT="," WIDTH="13" HPOS="1052" VPOS="1787" ID="st7-845"/><SP/><String HEIGHT="26" CONTENT="but" WIDTH="40" HPOS="1073" VPOS="1787" ID="st7-846"/><SP/><String HEIGHT="26" CONTENT="also" WIDTH="46" HPOS="1121" VPOS="1787" ID="st7-847"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1175" VPOS="1787" ID="st7-848"/><SP/><String HEIGHT="26" CONTENT="consistent" WIDTH="119" HPOS="1197" VPOS="1787" ID="st7-849"/><SP/><String HEIGHT="26" CONTENT="set" WIDTH="34" HPOS="1323" VPOS="1787" ID="st7-850"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1365" VPOS="1787" ID="st7-851"/><SP/><String HEIGHT="26" CONTENT="mac" WIDTH="45" HPOS="1397" VPOS="1787" ID="st7-852" SUBS_TYPE="HypPart1" SUBS_CONTENT="macroeconomic"/><HYP CONTENT="-" WIDTH="14" HPOS="1442" VPOS="1787" HEIGHT="26"/></TextLine><TextLine HPOS="875" VPOS="1820" ID="tl7-106" WIDTH="581" HEIGHT="27"><String HEIGHT="27" CONTENT="roeconomic" WIDTH="139" HPOS="875" VPOS="1820" ID="st7-853" SUBS_TYPE="HypPart2" SUBS_CONTENT="macroeconomic"/><SP/><String HEIGHT="27" CONTENT="policies" WIDTH="83" HPOS="1025" VPOS="1820" ID="st7-854"/><String HEIGHT="27" CONTENT="." WIDTH="11" HPOS="1108" VPOS="1820" ID="st7-855"/><SP/><String HEIGHT="27" CONTENT="This" WIDTH="47" HPOS="1130" VPOS="1820" ID="st7-856"/><SP/><String HEIGHT="27" CONTENT="includes" WIDTH="95" HPOS="1188" VPOS="1820" ID="st7-857"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1294" VPOS="1820" ID="st7-858"/><SP/><String HEIGHT="27" CONTENT="exchange" WIDTH="113" HPOS="1343" VPOS="1820" ID="st7-859"/></TextLine><TextLine HPOS="875" VPOS="1912" ID="tl7-107" WIDTH="14" HEIGHT="12"><String HEIGHT="12" CONTENT="10" WIDTH="14" HPOS="875" VPOS="1912" ID="st7-860"/></TextLine><TextLine HPOS="899" VPOS="1916" ID="tl7-108" WIDTH="557" HEIGHT="23"><String HEIGHT="23" CONTENT="A" WIDTH="17" HPOS="899" VPOS="1916" ID="st7-861"/><SP/><String HEIGHT="23" CONTENT="first" WIDTH="41" HPOS="925" VPOS="1916" ID="st7-862"/><SP/><String HEIGHT="23" CONTENT="step" WIDTH="45" HPOS="975" VPOS="1916" ID="st7-863"/><SP/><String HEIGHT="23" CONTENT="in" WIDTH="20" HPOS="1029" VPOS="1916" ID="st7-864"/><SP/><String HEIGHT="23" CONTENT="that" WIDTH="43" HPOS="1058" VPOS="1916" ID="st7-865"/><SP/><String HEIGHT="23" CONTENT="direction" WIDTH="93" HPOS="1111" VPOS="1916" ID="st7-866"/><SP/><String HEIGHT="23" CONTENT="has" WIDTH="36" HPOS="1214" VPOS="1916" ID="st7-867"/><SP/><String HEIGHT="23" CONTENT="been" WIDTH="53" HPOS="1259" VPOS="1916" ID="st7-868"/><SP/><String HEIGHT="23" CONTENT="made" WIDTH="59" HPOS="1322" VPOS="1916" ID="st7-869"/><SP/><String HEIGHT="23" CONTENT="at" WIDTH="21" HPOS="1391" VPOS="1916" ID="st7-870"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="1421" VPOS="1916" ID="st7-871"/></TextLine><TextLine HPOS="907" VPOS="1945" ID="tl7-109" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="London" WIDTH="81" HPOS="907" VPOS="1945" ID="st7-872"/><SP/><String HEIGHT="23" CONTENT="Summit" WIDTH="82" HPOS="996" VPOS="1945" ID="st7-873"/><SP/><String HEIGHT="23" CONTENT="on" WIDTH="28" HPOS="1086" VPOS="1945" ID="st7-874"/><SP/><String HEIGHT="23" CONTENT="April" WIDTH="50" HPOS="1122" VPOS="1945" ID="st7-875"/><SP/><String HEIGHT="23" CONTENT="2" WIDTH="10" HPOS="1181" VPOS="1945" ID="st7-876"/><String HEIGHT="23" CONTENT="," WIDTH="11" HPOS="1191" VPOS="1945" ID="st7-877"/><SP/><String HEIGHT="23" CONTENT="2009" WIDTH="49" HPOS="1210" VPOS="1945" ID="st7-878"/><String HEIGHT="23" CONTENT="." WIDTH="13" HPOS="1259" VPOS="1945" ID="st7-879"/><SP/><String HEIGHT="23" CONTENT="The" WIDTH="38" HPOS="1281" VPOS="1945" ID="st7-880"/><SP/><String HEIGHT="23" CONTENT="G20" WIDTH="46" HPOS="1328" VPOS="1945" ID="st7-881"/><SP/><String HEIGHT="23" CONTENT="agreed" WIDTH="74" HPOS="1382" VPOS="1945" ID="st7-882"/></TextLine><TextLine HPOS="907" VPOS="1974" ID="tl7-110" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="to" WIDTH="22" HPOS="907" VPOS="1974" ID="st7-883"/><SP/><String HEIGHT="23" CONTENT="treble" WIDTH="61" HPOS="939" VPOS="1974" ID="st7-884"/><SP/><String HEIGHT="23" CONTENT="resources" WIDTH="100" HPOS="1009" VPOS="1974" ID="st7-885"/><SP/><String HEIGHT="23" CONTENT="available" WIDTH="92" HPOS="1119" VPOS="1974" ID="st7-886"/><SP/><String HEIGHT="23" CONTENT="to" WIDTH="22" HPOS="1220" VPOS="1974" ID="st7-887"/><SP/><String HEIGHT="23" CONTENT="the" WIDTH="35" HPOS="1252" VPOS="1974" ID="st7-888"/><SP/><String HEIGHT="23" CONTENT="IMF" WIDTH="39" HPOS="1296" VPOS="1974" ID="st7-889"/><SP/><String HEIGHT="23" CONTENT="to" WIDTH="22" HPOS="1345" VPOS="1974" ID="st7-890"/><SP/><String HEIGHT="23" CONTENT="750" WIDTH="42" HPOS="1377" VPOS="1974" ID="st7-891"/><SP/><String HEIGHT="23" CONTENT="bn" WIDTH="28" HPOS="1428" VPOS="1974" ID="st7-892"/></TextLine><TextLine HPOS="907" VPOS="2003" ID="tl7-111" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="USD" WIDTH="39" HPOS="907" VPOS="2003" ID="st7-893"/><String HEIGHT="23" CONTENT="," WIDTH="14" HPOS="946" VPOS="2003" ID="st7-894"/><SP/><String HEIGHT="23" CONTENT="to" WIDTH="22" HPOS="967" VPOS="2003" ID="st7-895"/><SP/><String HEIGHT="23" CONTENT="support" WIDTH="82" HPOS="996" VPOS="2003" ID="st7-896"/><SP/><String HEIGHT="23" CONTENT="new" WIDTH="46" HPOS="1085" VPOS="2003" ID="st7-897"/><SP/><String HEIGHT="23" CONTENT="SDR" WIDTH="43" HPOS="1138" VPOS="2003" ID="st7-898"/><SP/><String HEIGHT="23" CONTENT="allocation" WIDTH="102" HPOS="1188" VPOS="2003" ID="st7-899"/><SP/><String HEIGHT="23" CONTENT="of" WIDTH="23" HPOS="1297" VPOS="2003" ID="st7-900"/><SP/><String HEIGHT="23" CONTENT="250" WIDTH="41" HPOS="1327" VPOS="2003" ID="st7-901"/><SP/><String HEIGHT="23" CONTENT="bn" WIDTH="28" HPOS="1375" VPOS="2003" ID="st7-902"/><SP/><String HEIGHT="23" CONTENT="USD" WIDTH="46" HPOS="1410" VPOS="2003" ID="st7-903"/></TextLine><TextLine HPOS="907" VPOS="2032" ID="tl7-112" WIDTH="549" HEIGHT="23"><String HEIGHT="23" CONTENT="and" WIDTH="40" HPOS="907" VPOS="2032" ID="st7-904"/><SP/><String HEIGHT="23" CONTENT="to" WIDTH="22" HPOS="959" VPOS="2032" ID="st7-905"/><SP/><String HEIGHT="23" CONTENT="use" WIDTH="36" HPOS="993" VPOS="2032" ID="st7-906"/><SP/><String HEIGHT="23" CONTENT="additional" WIDTH="105" HPOS="1041" VPOS="2032" ID="st7-907"/><SP/><String HEIGHT="23" CONTENT="resources" WIDTH="99" HPOS="1158" VPOS="2032" ID="st7-908"/><SP/><String HEIGHT="23" CONTENT="from" WIDTH="51" HPOS="1269" VPOS="2032" ID="st7-909"/><SP/><String HEIGHT="23" CONTENT="agreed" WIDTH="74" HPOS="1332" VPOS="2032" ID="st7-910"/><SP/><String HEIGHT="23" CONTENT="IMF" WIDTH="39" HPOS="1417" VPOS="2032" ID="st7-911"/></TextLine><TextLine HPOS="907" VPOS="2061" ID="tl7-113" WIDTH="549" HEIGHT="24"><String HEIGHT="24" CONTENT="gold" WIDTH="47" HPOS="907" VPOS="2061" ID="st7-912"/><SP/><String HEIGHT="24" CONTENT="sales" WIDTH="50" HPOS="963" VPOS="2061" ID="st7-913"/><SP/><String HEIGHT="24" CONTENT="for" WIDTH="30" HPOS="1023" VPOS="2061" ID="st7-914"/><SP/><String HEIGHT="24" CONTENT="concessional" WIDTH="134" HPOS="1062" VPOS="2061" ID="st7-915"/><SP/><String HEIGHT="24" CONTENT="finance" WIDTH="78" HPOS="1205" VPOS="2061" ID="st7-916"/><SP/><String HEIGHT="24" CONTENT="for" WIDTH="30" HPOS="1292" VPOS="2061" ID="st7-917"/><SP/><String HEIGHT="24" CONTENT="the" WIDTH="35" HPOS="1331" VPOS="2061" ID="st7-918"/><SP/><String HEIGHT="24" CONTENT="poorest" WIDTH="81" HPOS="1375" VPOS="2061" ID="st7-919"/></TextLine><TextLine HPOS="907" VPOS="2090" ID="tl7-114" WIDTH="104" HEIGHT="24"><String HEIGHT="24" CONTENT="countries" WIDTH="93" HPOS="907" VPOS="2090" ID="st7-920"/><String HEIGHT="24" CONTENT="." WIDTH="11" HPOS="1000" VPOS="2090" ID="st7-921"/></TextLine></TextBlock></PrintSpace></Page><Page WIDTH="1652" PHYSICAL_IMG_NR="8" ID="p671710" HEIGHT="2338"><PrintSpace WIDTH="1652" HPOS="0" VPOS="0" ID="ps671710" HEIGHT="2338"><TextBlock WIDTH="1652" HPOS="0" VPOS="0" ID="tb671710" HEIGHT="2338"><TextLine HPOS="197" VPOS="103" ID="tl8-0" WIDTH="1224" HEIGHT="21"><String HEIGHT="21" CONTENT="Reflections" WIDTH="96" HPOS="197" VPOS="103" ID="st8-0"/><SP/><String HEIGHT="21" CONTENT="on" WIDTH="24" HPOS="299" VPOS="103" ID="st8-1"/><SP/><String HEIGHT="21" CONTENT="the" WIDTH="30" HPOS="328" VPOS="103" ID="st8-2"/><SP/><String HEIGHT="21" CONTENT="Current" WIDTH="70" HPOS="362" VPOS="103" ID="st8-3"/><SP/><String HEIGHT="21" CONTENT="Global" WIDTH="59" HPOS="437" VPOS="103" ID="st8-4"/><SP/><String HEIGHT="21" CONTENT="Crisis" WIDTH="47" HPOS="501" VPOS="103" ID="st8-5"/><SP/><String HEIGHT="21" CONTENT="FES" WIDTH="32" HPOS="670" VPOS="103" ID="st8-6"/><SP/><String HEIGHT="21" CONTENT="Briefing" WIDTH="72" HPOS="709" VPOS="103" ID="st8-7"/><SP/><String HEIGHT="21" CONTENT="Paper" WIDTH="53" HPOS="788" VPOS="103" ID="st8-8"/><SP/><String HEIGHT="21" CONTENT="6" WIDTH="12" HPOS="847" VPOS="103" ID="st8-9"/><String HEIGHT="21" CONTENT="|" WIDTH="5" HPOS="865" VPOS="103" ID="st8-10"/><SP/><String HEIGHT="21" CONTENT="May" WIDTH="41" HPOS="876" VPOS="103" ID="st8-11"/><SP/><String HEIGHT="21" CONTENT="2009" WIDTH="50" HPOS="923" VPOS="103" ID="st8-12"/><SP/><String HEIGHT="21" CONTENT="Page" WIDTH="45" HPOS="1376" VPOS="103" ID="st8-13"/></TextLine><TextLine HPOS="1439" VPOS="104" ID="tl8-1" WIDTH="12" HEIGHT="21"><String HEIGHT="21" CONTENT="8" WIDTH="12" HPOS="1439" VPOS="104" ID="st8-14"/></TextLine><TextLine HPOS="197" VPOS="204" ID="tl8-2" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="rate" WIDTH="46" HPOS="197" VPOS="204" ID="st8-15"/><SP/><String HEIGHT="26" CONTENT="policy" WIDTH="68" HPOS="254" VPOS="204" ID="st8-16"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="333" VPOS="204" ID="st8-17"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="389" VPOS="204" ID="st8-18"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="87" HPOS="439" VPOS="204" ID="st8-19"/><SP/><String HEIGHT="26" CONTENT="related" WIDTH="82" HPOS="537" VPOS="204" ID="st8-20"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="630" VPOS="204" ID="st8-21"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="666" VPOS="204" ID="st8-22"/><SP/><String HEIGHT="26" CONTENT="man" WIDTH="47" HPOS="715" VPOS="204" ID="st8-23" SUBS_TYPE="HypPart1" SUBS_CONTENT="management"/><HYP CONTENT="-" WIDTH="15" HPOS="762" VPOS="204" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="237" ID="tl8-3" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="agement" WIDTH="105" HPOS="197" VPOS="237" ID="st8-24" SUBS_TYPE="HypPart2" SUBS_CONTENT="management"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="316" VPOS="237" ID="st8-25"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="354" VPOS="237" ID="st8-26"/><SP/><String HEIGHT="26" CONTENT="balance" WIDTH="91" HPOS="407" VPOS="237" ID="st8-27"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="512" VPOS="237" ID="st8-28"/><SP/><String HEIGHT="26" CONTENT="payments" WIDTH="115" HPOS="551" VPOS="237" ID="st8-29"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="44" HPOS="680" VPOS="237" ID="st8-30"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="739" VPOS="237" ID="st8-31"/></TextLine><TextLine HPOS="197" VPOS="270" ID="tl8-4" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="stock" WIDTH="61" HPOS="197" VPOS="270" ID="st8-32"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="273" VPOS="270" ID="st8-33"/><SP/><String HEIGHT="27" CONTENT="foreign" WIDTH="85" HPOS="312" VPOS="270" ID="st8-34"/><SP/><String HEIGHT="27" CONTENT="exchange" WIDTH="113" HPOS="411" VPOS="270" ID="st8-35"/><SP/><String HEIGHT="27" CONTENT="reserves" WIDTH="90" HPOS="538" VPOS="270" ID="st8-36"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="628" VPOS="270" ID="st8-37"/><SP/><String HEIGHT="27" CONTENT="Besides" WIDTH="83" HPOS="654" VPOS="270" ID="st8-38"/><String HEIGHT="27" CONTENT="," WIDTH="12" HPOS="737" VPOS="270" ID="st8-39"/><SP/><String HEIGHT="27" CONTENT="a" WIDTH="14" HPOS="763" VPOS="270" ID="st8-40"/></TextLine><TextLine HPOS="197" VPOS="304" ID="tl8-5" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="global" WIDTH="72" HPOS="197" VPOS="304" ID="st8-41"/><SP/><String HEIGHT="26" CONTENT="system" WIDTH="81" HPOS="277" VPOS="304" ID="st8-42"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="366" VPOS="304" ID="st8-43"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="399" VPOS="304" ID="st8-44"/><SP/><String HEIGHT="26" CONTENT="prevention" WIDTH="127" HPOS="470" VPOS="304" ID="st8-45"/><SP/><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="605" VPOS="304" ID="st8-46"/><SP/><String HEIGHT="26" CONTENT="include" WIDTH="85" HPOS="692" VPOS="304" ID="st8-47"/></TextLine><TextLine HPOS="197" VPOS="337" ID="tl8-6" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="international" WIDTH="149" HPOS="197" VPOS="337" ID="st8-48"/><SP/><String HEIGHT="26" CONTENT="norms" WIDTH="75" HPOS="357" VPOS="337" ID="st8-49"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="47" HPOS="443" VPOS="337" ID="st8-50"/><SP/><String HEIGHT="26" CONTENT="help" WIDTH="50" HPOS="502" VPOS="337" ID="st8-51"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="563" VPOS="337" ID="st8-52"/><SP/><String HEIGHT="26" CONTENT="smooth" WIDTH="90" HPOS="599" VPOS="337" ID="st8-53"/><SP/><String HEIGHT="26" CONTENT="capital" WIDTH="77" HPOS="700" VPOS="337" ID="st8-54"/></TextLine><TextLine HPOS="197" VPOS="370" ID="tl8-7" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="movements" WIDTH="137" HPOS="197" VPOS="370" ID="st8-55"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="351" VPOS="370" ID="st8-56"/><SP/><String HEIGHT="27" CONTENT="also" WIDTH="46" HPOS="413" VPOS="370" ID="st8-57"/><SP/><String HEIGHT="27" CONTENT="institutions" WIDTH="130" HPOS="476" VPOS="370" ID="st8-58"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="623" VPOS="370" ID="st8-59"/><SP/><String HEIGHT="27" CONTENT="interna" WIDTH="81" HPOS="685" VPOS="370" ID="st8-60" SUBS_TYPE="HypPart1" SUBS_CONTENT="international"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="370" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="404" ID="tl8-8" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="tional" WIDTH="66" HPOS="197" VPOS="404" ID="st8-61" SUBS_TYPE="HypPart2" SUBS_CONTENT="international"/><SP/><String HEIGHT="26" CONTENT="mechanisms" WIDTH="146" HPOS="274" VPOS="404" ID="st8-62"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="431" VPOS="404" ID="st8-63"/><SP/><String HEIGHT="26" CONTENT="help" WIDTH="51" HPOS="490" VPOS="404" ID="st8-64"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="552" VPOS="404" ID="st8-65"/><SP/><String HEIGHT="26" CONTENT="compensate" WIDTH="144" HPOS="588" VPOS="404" ID="st8-66"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="743" VPOS="404" ID="st8-67"/></TextLine><TextLine HPOS="197" VPOS="437" ID="tl8-9" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="private" WIDTH="80" HPOS="197" VPOS="437" ID="st8-68"/><SP/><String HEIGHT="26" CONTENT="capital" WIDTH="77" HPOS="288" VPOS="437" ID="st8-69"/><SP/><String HEIGHT="26" CONTENT="outflows" WIDTH="99" HPOS="376" VPOS="437" ID="st8-70"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="475" VPOS="437" ID="st8-71"/><SP/><String HEIGHT="26" CONTENT="Second" WIDTH="80" HPOS="499" VPOS="437" ID="st8-72"/><String HEIGHT="26" CONTENT="," WIDTH="14" HPOS="579" VPOS="437" ID="st8-73"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="604" VPOS="437" ID="st8-74"/><SP/><String HEIGHT="26" CONTENT="crises" WIDTH="63" HPOS="714" VPOS="437" ID="st8-75"/></TextLine><TextLine HPOS="197" VPOS="470" ID="tl8-10" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="197" VPOS="470" ID="st8-76"/><SP/><String HEIGHT="27" CONTENT="developing" WIDTH="130" HPOS="227" VPOS="470" ID="st8-77"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="108" HPOS="366" VPOS="470" ID="st8-78"/><SP/><String HEIGHT="27" CONTENT="tend" WIDTH="54" HPOS="483" VPOS="470" ID="st8-79"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="545" VPOS="470" ID="st8-80"/><SP/><String HEIGHT="27" CONTENT="worsen" WIDTH="86" HPOS="579" VPOS="470" ID="st8-81"/><SP/><String HEIGHT="27" CONTENT="both" WIDTH="56" HPOS="674" VPOS="470" ID="st8-82"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="738" VPOS="470" ID="st8-83"/></TextLine><TextLine HPOS="197" VPOS="504" ID="tl8-11" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="balance" WIDTH="90" HPOS="197" VPOS="504" ID="st8-84"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="297" VPOS="504" ID="st8-85"/><SP/><String HEIGHT="26" CONTENT="payments" WIDTH="114" HPOS="331" VPOS="504" ID="st8-86"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="455" VPOS="504" ID="st8-87"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="509" VPOS="504" ID="st8-88"/><SP/><String HEIGHT="26" CONTENT="fiscal" WIDTH="58" HPOS="558" VPOS="504" ID="st8-89"/><SP/><String HEIGHT="26" CONTENT="balance" WIDTH="85" HPOS="626" VPOS="504" ID="st8-90"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="711" VPOS="504" ID="st8-91"/><SP/><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="734" VPOS="504" ID="st8-92"/></TextLine><TextLine HPOS="197" VPOS="537" ID="tl8-12" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="traditional" WIDTH="120" HPOS="197" VPOS="537" ID="st8-93"/><SP/><String HEIGHT="26" CONTENT="adjustment" WIDTH="133" HPOS="332" VPOS="537" ID="st8-94"/><SP/><String HEIGHT="26" CONTENT="policies" WIDTH="86" HPOS="481" VPOS="537" ID="st8-95"/><SP/><String HEIGHT="26" CONTENT="tend" WIDTH="54" HPOS="583" VPOS="537" ID="st8-96"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="652" VPOS="537" ID="st8-97"/><SP/><String HEIGHT="26" CONTENT="exacer" WIDTH="73" HPOS="692" VPOS="537" ID="st8-98" SUBS_TYPE="HypPart1" SUBS_CONTENT="exacerbate"/><HYP CONTENT="-" WIDTH="12" HPOS="765" VPOS="537" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="570" ID="tl8-13" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="bate" WIDTH="52" HPOS="197" VPOS="570" ID="st8-99" SUBS_TYPE="HypPart2" SUBS_CONTENT="exacerbate"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="259" VPOS="570" ID="st8-100"/><SP/><String HEIGHT="27" CONTENT="recessive" WIDTH="104" HPOS="307" VPOS="570" ID="st8-101"/><SP/><String HEIGHT="27" CONTENT="trends" WIDTH="74" HPOS="421" VPOS="570" ID="st8-102"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="505" VPOS="570" ID="st8-103"/><SP/><String HEIGHT="27" CONTENT="output" WIDTH="81" HPOS="536" VPOS="570" ID="st8-104"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="44" HPOS="627" VPOS="570" ID="st8-105"/><SP/><String HEIGHT="27" CONTENT="employ" WIDTH="83" HPOS="681" VPOS="570" ID="st8-106" SUBS_TYPE="HypPart1" SUBS_CONTENT="employment"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="570" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="604" ID="tl8-14" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="ment" WIDTH="55" HPOS="197" VPOS="604" ID="st8-107" SUBS_TYPE="HypPart2" SUBS_CONTENT="employment"/><String HEIGHT="26" CONTENT="." WIDTH="14" HPOS="252" VPOS="604" ID="st8-108"/><SP/><String HEIGHT="26" CONTENT="Policy" WIDTH="67" HPOS="277" VPOS="604" ID="st8-109"/><SP/><String HEIGHT="26" CONTENT="makers" WIDTH="85" HPOS="355" VPOS="604" ID="st8-110"/><SP/><String HEIGHT="26" CONTENT="need" WIDTH="59" HPOS="452" VPOS="604" ID="st8-111"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="522" VPOS="604" ID="st8-112"/><SP/><String HEIGHT="26" CONTENT="address" WIDTH="90" HPOS="558" VPOS="604" ID="st8-113"/><SP/><String HEIGHT="26" CONTENT="this" WIDTH="42" HPOS="659" VPOS="604" ID="st8-114"/><SP/><String HEIGHT="26" CONTENT="prob" WIDTH="52" HPOS="712" VPOS="604" ID="st8-115" SUBS_TYPE="HypPart1" SUBS_CONTENT="problem"/><HYP CONTENT="-" WIDTH="13" HPOS="764" VPOS="604" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="637" ID="tl8-15" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="lem" WIDTH="43" HPOS="197" VPOS="637" ID="st8-116" SUBS_TYPE="HypPart2" SUBS_CONTENT="problem"/><SP/><String HEIGHT="26" CONTENT="and" WIDTH="45" HPOS="261" VPOS="637" ID="st8-117"/><SP/><String HEIGHT="26" CONTENT="enable" WIDTH="78" HPOS="328" VPOS="637" ID="st8-118"/><SP/><String HEIGHT="26" CONTENT="governments" WIDTH="155" HPOS="428" VPOS="637" ID="st8-119"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="604" VPOS="637" ID="st8-120"/><SP/><String HEIGHT="26" CONTENT="developing" WIDTH="130" HPOS="647" VPOS="637" ID="st8-121"/></TextLine><TextLine HPOS="197" VPOS="670" ID="tl8-16" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="countries" WIDTH="108" HPOS="197" VPOS="670" ID="st8-122"/><SP/><String HEIGHT="27" CONTENT="to" WIDTH="25" HPOS="315" VPOS="670" ID="st8-123"/><SP/><String HEIGHT="27" CONTENT="push" WIDTH="57" HPOS="351" VPOS="670" ID="st8-124"/><SP/><String HEIGHT="27" CONTENT="counter" WIDTH="91" HPOS="419" VPOS="670" ID="st8-125"/><SP/><String HEIGHT="27" CONTENT="cyclical" WIDTH="82" HPOS="521" VPOS="670" ID="st8-126"/><SP/><String HEIGHT="27" CONTENT="policies" WIDTH="86" HPOS="614" VPOS="670" ID="st8-127"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="711" VPOS="670" ID="st8-128"/><SP/><String HEIGHT="27" CONTENT="or" WIDTH="23" HPOS="743" VPOS="670" ID="st8-129" SUBS_TYPE="HypPart1" SUBS_CONTENT="order"/><HYP CONTENT="-" WIDTH="11" HPOS="766" VPOS="670" HEIGHT="27"/></TextLine><TextLine HPOS="197" VPOS="704" ID="tl8-17" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="der" WIDTH="38" HPOS="197" VPOS="704" ID="st8-130" SUBS_TYPE="HypPart2" SUBS_CONTENT="order"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="245" VPOS="704" ID="st8-131"/><SP/><String HEIGHT="26" CONTENT="reverse" WIDTH="83" HPOS="279" VPOS="704" ID="st8-132"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="372" VPOS="704" ID="st8-133"/><SP/><String HEIGHT="26" CONTENT="crisis" WIDTH="55" HPOS="420" VPOS="704" ID="st8-134"/><SP/><String HEIGHT="26" CONTENT="related" WIDTH="82" HPOS="485" VPOS="704" ID="st8-135"/><SP/><String HEIGHT="26" CONTENT="economic" WIDTH="115" HPOS="576" VPOS="704" ID="st8-136"/><SP/><String HEIGHT="26" CONTENT="down" WIDTH="62" HPOS="700" VPOS="704" ID="st8-137" SUBS_TYPE="HypPart1" SUBS_CONTENT="downturn"/><HYP CONTENT="-" WIDTH="15" HPOS="762" VPOS="704" HEIGHT="26"/></TextLine><TextLine HPOS="197" VPOS="737" ID="tl8-18" WIDTH="57" HEIGHT="26"><String HEIGHT="26" CONTENT="turn" WIDTH="45" HPOS="197" VPOS="737" ID="st8-138" SUBS_TYPE="HypPart2" SUBS_CONTENT="downturn"/><String HEIGHT="26" CONTENT="." WIDTH="12" HPOS="242" VPOS="737" ID="st8-139"/></TextLine><TextLine HPOS="876" VPOS="204" ID="tl8-19" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="The" WIDTH="43" HPOS="876" VPOS="204" ID="st8-140"/><SP/><String HEIGHT="26" CONTENT="G" WIDTH="15" HPOS="927" VPOS="204" ID="st8-141"/><String HEIGHT="26" CONTENT="-" WIDTH="15" HPOS="942" VPOS="204" ID="st8-142"/><String HEIGHT="26" CONTENT="20" WIDTH="30" HPOS="957" VPOS="204" ID="st8-143"/><SP/><String HEIGHT="26" CONTENT="is" WIDTH="17" HPOS="996" VPOS="204" ID="st8-144"/><SP/><String HEIGHT="26" CONTENT="has" WIDTH="40" HPOS="1021" VPOS="204" ID="st8-145"/><SP/><String HEIGHT="26" CONTENT="begun" WIDTH="75" HPOS="1070" VPOS="204" ID="st8-146"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1154" VPOS="204" ID="st8-147"/><SP/><String HEIGHT="26" CONTENT="discussion" WIDTH="119" HPOS="1200" VPOS="204" ID="st8-148"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="24" HPOS="1328" VPOS="204" ID="st8-149"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1361" VPOS="204" ID="st8-150"/><SP/><String HEIGHT="26" CONTENT="new" WIDTH="51" HPOS="1383" VPOS="204" ID="st8-151"/><SP/><String HEIGHT="26" CONTENT="a" WIDTH="14" HPOS="1442" VPOS="204" ID="st8-152"/></TextLine><TextLine HPOS="876" VPOS="237" ID="tl8-20" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="876" VPOS="237" ID="st8-153"/><SP/><String HEIGHT="26" CONTENT="architecture" WIDTH="140" HPOS="988" VPOS="237" ID="st8-154"/><SP/><String HEIGHT="26" CONTENT="aimed" WIDTH="73" HPOS="1142" VPOS="237" ID="st8-155"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="25" HPOS="1228" VPOS="237" ID="st8-156"/><SP/><String HEIGHT="26" CONTENT="ease" WIDTH="52" HPOS="1267" VPOS="237" ID="st8-157"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="38" HPOS="1333" VPOS="237" ID="st8-158"/><SP/><String HEIGHT="26" CONTENT="devel" WIDTH="60" HPOS="1385" VPOS="237" ID="st8-159" SUBS_TYPE="HypPart1" SUBS_CONTENT="development"/><HYP CONTENT="-" WIDTH="11" HPOS="1445" VPOS="237" HEIGHT="26"/></TextLine><TextLine HPOS="876" VPOS="270" ID="tl8-21" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="opment" WIDTH="92" HPOS="876" VPOS="270" ID="st8-160" SUBS_TYPE="HypPart2" SUBS_CONTENT="development"/><SP/><String HEIGHT="27" CONTENT="of" WIDTH="24" HPOS="987" VPOS="270" ID="st8-161"/><SP/><String HEIGHT="27" CONTENT="boom" WIDTH="56" HPOS="1029" VPOS="270" ID="st8-162"/><String HEIGHT="27" CONTENT="-" WIDTH="14" HPOS="1085" VPOS="270" ID="st8-163"/><String HEIGHT="27" CONTENT="and" WIDTH="43" HPOS="1099" VPOS="270" ID="st8-164"/><String HEIGHT="27" CONTENT="-" WIDTH="14" HPOS="1142" VPOS="270" ID="st8-165"/><String HEIGHT="27" CONTENT="bust" WIDTH="57" HPOS="1156" VPOS="270" ID="st8-166"/><SP/><String HEIGHT="27" CONTENT="cycles" WIDTH="68" HPOS="1231" VPOS="270" ID="st8-167"/><SP/><String HEIGHT="27" CONTENT="in" WIDTH="21" HPOS="1318" VPOS="270" ID="st8-168"/><SP/><String HEIGHT="27" CONTENT="financial" WIDTH="99" HPOS="1357" VPOS="270" ID="st8-169"/></TextLine><TextLine HPOS="876" VPOS="304" ID="tl8-22" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="markets" WIDTH="88" HPOS="876" VPOS="304" ID="st8-170"/><String HEIGHT="26" CONTENT="." WIDTH="13" HPOS="964" VPOS="304" ID="st8-171"/><SP/><String HEIGHT="26" CONTENT="Developed" WIDTH="125" HPOS="988" VPOS="304" ID="st8-172"/><SP/><String HEIGHT="26" CONTENT="countries" WIDTH="108" HPOS="1124" VPOS="304" ID="st8-173"/><SP/><String HEIGHT="26" CONTENT="will" WIDTH="40" HPOS="1243" VPOS="304" ID="st8-174"/><SP/><String HEIGHT="26" CONTENT="probably" WIDTH="104" HPOS="1294" VPOS="304" ID="st8-175"/><SP/><String HEIGHT="26" CONTENT="give" WIDTH="48" HPOS="1408" VPOS="304" ID="st8-176"/></TextLine><TextLine HPOS="876" VPOS="337" ID="tl8-23" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="prominence" WIDTH="140" HPOS="876" VPOS="337" ID="st8-177"/><SP/><String HEIGHT="26" CONTENT="to" WIDTH="24" HPOS="1027" VPOS="337" ID="st8-178"/><SP/><String HEIGHT="26" CONTENT="the" WIDTH="39" HPOS="1062" VPOS="337" ID="st8-179"/><SP/><String HEIGHT="26" CONTENT="regulation" WIDTH="121" HPOS="1111" VPOS="337" ID="st8-180"/><SP/><String HEIGHT="26" CONTENT="of" WIDTH="25" HPOS="1242" VPOS="337" ID="st8-181"/><SP/><String HEIGHT="26" CONTENT="financial" WIDTH="99" HPOS="1277" VPOS="337" ID="st8-182"/><SP/><String HEIGHT="26" CONTENT="activi" WIDTH="60" HPOS="1387" VPOS="337" ID="st8-183" SUBS_TYPE="HypPart1" SUBS_CONTENT="activities"/><HYP CONTENT="-" WIDTH="9" HPOS="1447" VPOS="337" HEIGHT="26"/></TextLine><TextLine HPOS="876" VPOS="370" ID="tl8-24" WIDTH="580" HEIGHT="27"><String HEIGHT="27" CONTENT="ties" WIDTH="40" HPOS="876" VPOS="370" ID="st8-184" SUBS_TYPE="HypPart2" SUBS_CONTENT="activities"/><SP/><String HEIGHT="27" CONTENT="and" WIDTH="45" HPOS="930" VPOS="370" ID="st8-185"/><SP/><String HEIGHT="27" CONTENT="markets" WIDTH="89" HPOS="990" VPOS="370" ID="st8-186"/><String HEIGHT="27" CONTENT="." WIDTH="13" HPOS="1079" VPOS="370" ID="st8-187"/><SP/><String HEIGHT="27" CONTENT="Developing" WIDTH="133" HPOS="1107" VPOS="370" ID="st8-188"/><SP/><String HEIGHT="27" CONTENT="countries" WIDTH="108" HPOS="1255" VPOS="370" ID="st8-189"/><SP/><String HEIGHT="27" CONTENT="should" WIDTH="79" HPOS="1377" VPOS="370" ID="st8-190"/></TextLine><TextLine HPOS="876" VPOS="404" ID="tl8-25" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="support" WIDTH="91" HPOS="876" VPOS="404" ID="st8-191"/><SP/><String HEIGHT="26" CONTENT="initiatives" WIDTH="109" HPOS="985" VPOS="404" ID="st8-192"/><SP/><String HEIGHT="26" CONTENT="in" WIDTH="22" HPOS="1112" VPOS="404" ID="st8-193"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="1152" VPOS="404" ID="st8-194"/><SP/><String HEIGHT="26" CONTENT="direction" WIDTH="99" HPOS="1218" VPOS="404" ID="st8-195"/><String HEIGHT="26" CONTENT="," WIDTH="12" HPOS="1317" VPOS="404" ID="st8-196"/><SP/><String HEIGHT="26" CONTENT="but" WIDTH="40" HPOS="1347" VPOS="404" ID="st8-197"/><SP/><String HEIGHT="26" CONTENT="they" WIDTH="51" HPOS="1405" VPOS="404" ID="st8-198"/></TextLine><TextLine HPOS="876" VPOS="437" ID="tl8-26" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="should" WIDTH="79" HPOS="876" VPOS="437" ID="st8-199"/><SP/><String HEIGHT="26" CONTENT="also" WIDTH="47" HPOS="965" VPOS="437" ID="st8-200"/><SP/><String HEIGHT="26" CONTENT="push" WIDTH="58" HPOS="1022" VPOS="437" ID="st8-201"/><SP/><String HEIGHT="26" CONTENT="for" WIDTH="34" HPOS="1090" VPOS="437" ID="st8-202"/><SP/><String HEIGHT="26" CONTENT="an" WIDTH="30" HPOS="1135" VPOS="437" ID="st8-203"/><SP/><String HEIGHT="26" CONTENT="agenda" WIDTH="88" HPOS="1175" VPOS="437" ID="st8-204"/><SP/><String HEIGHT="26" CONTENT="that" WIDTH="48" HPOS="1274" VPOS="437" ID="st8-205"/><SP/><String HEIGHT="26" CONTENT="help" WIDTH="50" HPOS="1333" VPOS="437" ID="st8-206"/><SP/><String HEIGHT="26" CONTENT="them" WIDTH="62" HPOS="1394" VPOS="437" ID="st8-207"/></TextLine><TextLine HPOS="876" VPOS="470" ID="tl8-27" WIDTH="492" HEIGHT="27"><String HEIGHT="27" CONTENT="to" WIDTH="24" HPOS="876" VPOS="470" ID="st8-208"/><SP/><String HEIGHT="27" CONTENT="deal" WIDTH="49" HPOS="908" VPOS="470" ID="st8-209"/><SP/><String HEIGHT="27" CONTENT="with" WIDTH="52" HPOS="965" VPOS="470" ID="st8-210"/><SP/><String HEIGHT="27" CONTENT="the" WIDTH="39" HPOS="1025" VPOS="470" ID="st8-211"/><SP/><String HEIGHT="27" CONTENT="problems" WIDTH="110" HPOS="1071" VPOS="470" ID="st8-212"/><SP/><String HEIGHT="27" CONTENT="discussed" WIDTH="111" HPOS="1189" VPOS="470" ID="st8-213"/><SP/><String HEIGHT="27" CONTENT="here" WIDTH="48" HPOS="1308" VPOS="470" ID="st8-214"/><String HEIGHT="27" CONTENT="." WIDTH="12" HPOS="1356" VPOS="470" ID="st8-215"/></TextLine><TextLine HPOS="876" VPOS="570" ID="tl8-28" WIDTH="207" HEIGHT="27"><String HEIGHT="27" CONTENT="qÜÉ" WIDTH="35" HPOS="876" VPOS="570" ID="st8-216"/><String HEIGHT="27" CONTENT="=" WIDTH="12" HPOS="911" VPOS="570" ID="st8-217"/><String HEIGHT="27" CONTENT="~" WIDTH="12" HPOS="923" VPOS="570" ID="st8-218"/><String HEIGHT="27" CONTENT="ìíÜçêëW" WIDTH="84" HPOS="935" VPOS="570" ID="st8-219"/><String HEIGHT="27" CONTENT="=" WIDTH="12" HPOS="1019" VPOS="570" ID="st8-220"/><String HEIGHT="27" CONTENT="=" WIDTH="7" HPOS="1076" VPOS="570" ID="st8-221"/></TextLine><TextLine HPOS="876" VPOS="604" ID="tl8-29" WIDTH="588" HEIGHT="26"><String HEIGHT="26" CONTENT="oçÄÉêíç" WIDTH="82" HPOS="876" VPOS="604" ID="st8-222"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="958" VPOS="604" ID="st8-223"/><String HEIGHT="26" CONTENT="cêÉåâÉä" WIDTH="82" HPOS="970" VPOS="604" ID="st8-224"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1052" VPOS="604" ID="st8-225"/><String HEIGHT="26" CONTENT="áë" WIDTH="23" HPOS="1064" VPOS="604" ID="st8-226"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1087" VPOS="604" ID="st8-227"/><String HEIGHT="26" CONTENT="~" WIDTH="12" HPOS="1099" VPOS="604" ID="st8-228"/><String HEIGHT="26" CONTENT="=" WIDTH="11" HPOS="1111" VPOS="604" ID="st8-229"/><String HEIGHT="26" CONTENT="mêáåÅáé" WIDTH="83" HPOS="1122" VPOS="604" ID="st8-230"/><String HEIGHT="26" CONTENT="~" WIDTH="12" HPOS="1205" VPOS="604" ID="st8-231"/><String HEIGHT="26" CONTENT="ä" WIDTH="11" HPOS="1217" VPOS="604" ID="st8-232"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1228" VPOS="604" ID="st8-233"/><String HEIGHT="26" CONTENT="oÉëÉ" WIDTH="47" HPOS="1240" VPOS="604" ID="st8-234"/><String HEIGHT="26" CONTENT="~" WIDTH="12" HPOS="1287" VPOS="604" ID="st8-235"/><String HEIGHT="26" CONTENT="êÅÜ" WIDTH="35" HPOS="1299" VPOS="604" ID="st8-236"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1334" VPOS="604" ID="st8-237"/><String HEIGHT="26" CONTENT="^" WIDTH="12" HPOS="1346" VPOS="604" ID="st8-238"/><String HEIGHT="26" CONTENT="ëëçÅá" WIDTH="58" HPOS="1358" VPOS="604" ID="st8-239"/><String HEIGHT="26" CONTENT="~" WIDTH="12" HPOS="1416" VPOS="604" ID="st8-240"/><String HEIGHT="26" CONTENT="íÉ" WIDTH="24" HPOS="1428" VPOS="604" ID="st8-241"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1452" VPOS="604" ID="st8-242"/></TextLine><TextLine HPOS="876" VPOS="637" ID="tl8-30" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="~" WIDTH="12" HPOS="876" VPOS="637" ID="st8-243"/><String HEIGHT="26" CONTENT="í" WIDTH="12" HPOS="888" VPOS="637" ID="st8-244"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="900" VPOS="637" ID="st8-245"/><String HEIGHT="26" CONTENT="`" WIDTH="12" HPOS="912" VPOS="637" ID="st8-246"/><String HEIGHT="26" CONTENT="babp" WIDTH="48" HPOS="924" VPOS="637" ID="st8-247"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="972" VPOS="637" ID="st8-248"/><String HEIGHT="26" CONTENT="~" WIDTH="12" HPOS="984" VPOS="637" ID="st8-249"/><String HEIGHT="26" CONTENT="åÇ" WIDTH="25" HPOS="996" VPOS="637" ID="st8-250"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1021" VPOS="637" ID="st8-251"/><String HEIGHT="26" CONTENT="mêçÑÉëëçê" WIDTH="108" HPOS="1033" VPOS="637" ID="st8-252"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1141" VPOS="637" ID="st8-253"/><String HEIGHT="26" CONTENT="~" WIDTH="13" HPOS="1153" VPOS="637" ID="st8-254"/><String HEIGHT="26" CONTENT="í" WIDTH="12" HPOS="1166" VPOS="637" ID="st8-255"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1178" VPOS="637" ID="st8-256"/><String HEIGHT="26" CONTENT="íÜÉ" WIDTH="36" HPOS="1190" VPOS="637" ID="st8-257"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1226" VPOS="637" ID="st8-258"/><String HEIGHT="26" CONTENT="råáîÉêëáíó" WIDTH="121" HPOS="1238" VPOS="637" ID="st8-259"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1359" VPOS="637" ID="st8-260"/><String HEIGHT="26" CONTENT="çÑ" WIDTH="24" HPOS="1371" VPOS="637" ID="st8-261"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1395" VPOS="637" ID="st8-262"/><String HEIGHT="26" CONTENT="_" WIDTH="12" HPOS="1407" VPOS="637" ID="st8-263"/><String HEIGHT="26" CONTENT="ìÉJ" WIDTH="37" HPOS="1419" VPOS="637" ID="st8-264"/></TextLine><TextLine HPOS="876" VPOS="670" ID="tl8-31" WIDTH="207" HEIGHT="27"><String HEIGHT="27" CONTENT="åçë" WIDTH="33" HPOS="876" VPOS="670" ID="st8-265"/><String HEIGHT="27" CONTENT="=" WIDTH="11" HPOS="909" VPOS="670" ID="st8-266"/><String HEIGHT="27" CONTENT="^" WIDTH="11" HPOS="920" VPOS="670" ID="st8-267"/><String HEIGHT="27" CONTENT="áêÉëK" WIDTH="56" HPOS="931" VPOS="670" ID="st8-268"/><String HEIGHT="27" CONTENT="=" WIDTH="12" HPOS="987" VPOS="670" ID="st8-269"/><String HEIGHT="27" CONTENT="=" WIDTH="8" HPOS="1075" VPOS="670" ID="st8-270"/></TextLine><TextLine HPOS="876" VPOS="704" ID="tl8-32" WIDTH="588" HEIGHT="26"><String HEIGHT="26" CONTENT="j" WIDTH="12" HPOS="876" VPOS="704" ID="st8-271"/><String HEIGHT="26" CONTENT="~" WIDTH="12" HPOS="888" VPOS="704" ID="st8-272"/><String HEIGHT="26" CONTENT="êíáå" WIDTH="49" HPOS="900" VPOS="704" ID="st8-273"/><String HEIGHT="26" CONTENT="=" WIDTH="13" HPOS="949" VPOS="704" ID="st8-274"/><SP/><String HEIGHT="26" CONTENT="o" WIDTH="11" HPOS="964" VPOS="704" ID="st8-275"/><String HEIGHT="26" CONTENT="~" WIDTH="11" HPOS="975" VPOS="704" ID="st8-276"/><String HEIGHT="26" CONTENT="éÉííá" WIDTH="57" HPOS="986" VPOS="704" ID="st8-277"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1043" VPOS="704" ID="st8-278"/><SP/><String HEIGHT="26" CONTENT="áë" WIDTH="16" HPOS="1058" VPOS="704" ID="st8-279"/><String HEIGHT="26" CONTENT="=" WIDTH="9" HPOS="1074" VPOS="704" ID="st8-280"/><String HEIGHT="26" CONTENT="~" WIDTH="11" HPOS="1085" VPOS="704" ID="st8-281"/><String HEIGHT="26" CONTENT="=" WIDTH="11" HPOS="1096" VPOS="704" ID="st8-282"/><SP/><String HEIGHT="26" CONTENT="oÉëÉ" WIDTH="50" HPOS="1109" VPOS="704" ID="st8-283"/><String HEIGHT="26" CONTENT="~" WIDTH="12" HPOS="1159" VPOS="704" ID="st8-284"/><String HEIGHT="26" CONTENT="êÅÜ" WIDTH="38" HPOS="1171" VPOS="704" ID="st8-285"/><String HEIGHT="26" CONTENT="=" WIDTH="13" HPOS="1209" VPOS="704" ID="st8-286"/><String HEIGHT="26" CONTENT="^" WIDTH="11" HPOS="1224" VPOS="704" ID="st8-287"/><String HEIGHT="26" CONTENT="ëëçÅá" WIDTH="60" HPOS="1235" VPOS="704" ID="st8-288"/><String HEIGHT="26" CONTENT="~" WIDTH="12" HPOS="1295" VPOS="704" ID="st8-289"/><String HEIGHT="26" CONTENT="íÉ" WIDTH="24" HPOS="1307" VPOS="704" ID="st8-290"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1331" VPOS="704" ID="st8-291"/><String HEIGHT="26" CONTENT="~" WIDTH="10" HPOS="1345" VPOS="704" ID="st8-292"/><String HEIGHT="26" CONTENT="í" WIDTH="10" HPOS="1355" VPOS="704" ID="st8-293"/><String HEIGHT="26" CONTENT="=" WIDTH="11" HPOS="1365" VPOS="704" ID="st8-294"/><String HEIGHT="26" CONTENT="`" WIDTH="14" HPOS="1378" VPOS="704" ID="st8-295"/><String HEIGHT="26" CONTENT="babp" WIDTH="57" HPOS="1392" VPOS="704" ID="st8-296"/><String HEIGHT="26" CONTENT="=" WIDTH="15" HPOS="1449" VPOS="704" ID="st8-297"/></TextLine><TextLine HPOS="876" VPOS="737" ID="tl8-33" WIDTH="580" HEIGHT="26"><String HEIGHT="26" CONTENT="~" WIDTH="13" HPOS="876" VPOS="737" ID="st8-298"/><String HEIGHT="26" CONTENT="åÇ" WIDTH="26" HPOS="889" VPOS="737" ID="st8-299"/><String HEIGHT="26" CONTENT="=" WIDTH="13" HPOS="915" VPOS="737" ID="st8-300"/><SP/><String HEIGHT="26" CONTENT="mÜa" WIDTH="42" HPOS="933" VPOS="737" ID="st8-301"/><String HEIGHT="26" CONTENT="=" WIDTH="14" HPOS="975" VPOS="737" ID="st8-302"/><SP/><String HEIGHT="26" CONTENT="Å" WIDTH="12" HPOS="993" VPOS="737" ID="st8-303"/><String HEIGHT="26" CONTENT="~" WIDTH="12" HPOS="1005" VPOS="737" ID="st8-304"/><String HEIGHT="26" CONTENT="åÇáÇ" WIDTH="50" HPOS="1017" VPOS="737" ID="st8-305"/><String HEIGHT="26" CONTENT="~" WIDTH="12" HPOS="1067" VPOS="737" ID="st8-306"/><String HEIGHT="26" CONTENT="íÉ" WIDTH="25" HPOS="1079" VPOS="737" ID="st8-307"/><String HEIGHT="26" CONTENT="=" WIDTH="13" HPOS="1104" VPOS="737" ID="st8-308"/><String HEIGHT="26" CONTENT="~" WIDTH="10" HPOS="1122" VPOS="737" ID="st8-309"/><String HEIGHT="26" CONTENT="í" WIDTH="10" HPOS="1132" VPOS="737" ID="st8-310"/><String HEIGHT="26" CONTENT="=" WIDTH="11" HPOS="1142" VPOS="737" ID="st8-311"/><SP/><String HEIGHT="26" CONTENT="íÜÉ" WIDTH="34" HPOS="1158" VPOS="737" ID="st8-312"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1192" VPOS="737" ID="st8-313"/><SP/><String HEIGHT="26" CONTENT="råáîÉêëáíó" WIDTH="110" HPOS="1209" VPOS="737" ID="st8-314"/><String HEIGHT="26" CONTENT="=" WIDTH="12" HPOS="1319" VPOS="737" ID="st8-315"/><SP/><String HEIGHT="26" CONTENT="çÑ" WIDTH="22" HPOS="1335" VPOS="737" ID="st8-316"/><String HEIGHT="26" CONTENT="=" WIDTH="11" HPOS="1357" VPOS="737" ID="st8-317"/><SP/><String HEIGHT="26" CONTENT="j" WIDTH="13" HPOS="1373" VPOS="737" ID="st8-318"/><String HEIGHT="26" CONTENT="~" WIDTH="14" HPOS="1386" VPOS="737" ID="st8-319"/><String HEIGHT="26" CONTENT="ëë" WIDTH="28" HPOS="1400" VPOS="737" ID="st8-320"/><String HEIGHT="26" CONTENT="~" WIDTH="14" HPOS="1428" VPOS="737" ID="st8-321"/><String HEIGHT="26" CONTENT="J" WIDTH="14" HPOS="1442" VPOS="737" ID="st8-322"/></TextLine><TextLine HPOS="876" VPOS="770" ID="tl8-34" WIDTH="228" HEIGHT="27"><String HEIGHT="27" CONTENT="ÅÜìëÉííëI" WIDTH="108" HPOS="876" VPOS="770" ID="st8-323"/><String HEIGHT="27" CONTENT="=" WIDTH="12" HPOS="984" VPOS="770" ID="st8-324"/><String HEIGHT="27" CONTENT="^" WIDTH="12" HPOS="996" VPOS="770" ID="st8-325"/><String HEIGHT="27" CONTENT="ãÜÉêëíK" WIDTH="84" HPOS="1008" VPOS="770" ID="st8-326"/><String HEIGHT="27" CONTENT="=" WIDTH="12" HPOS="1092" VPOS="770" ID="st8-327"/></TextLine><TextLine HPOS="514" VPOS="1114" ID="tl8-35" WIDTH="625" HEIGHT="42"><String HEIGHT="42" CONTENT="More" WIDTH="101" HPOS="514" VPOS="1114" ID="st8-328"/><SP/><String HEIGHT="42" CONTENT="information" WIDTH="223" HPOS="627" VPOS="1114" ID="st8-329"/><SP/><String HEIGHT="42" CONTENT="is" WIDTH="27" HPOS="862" VPOS="1114" ID="st8-330"/><SP/><String HEIGHT="42" CONTENT="available" WIDTH="162" HPOS="902" VPOS="1114" ID="st8-331"/><SP/><String HEIGHT="42" CONTENT="on" WIDTH="41" HPOS="1077" VPOS="1114" ID="st8-332"/><String HEIGHT="42" CONTENT=":" WIDTH="21" HPOS="1118" VPOS="1114" ID="st8-333"/></TextLine><TextLine HPOS="417" VPOS="1171" ID="tl8-36" WIDTH="818" HEIGHT="69"><String HEIGHT="69" CONTENT="www" WIDTH="98" HPOS="417" VPOS="1171" ID="st8-334"/><String HEIGHT="69" CONTENT="." WIDTH="32" HPOS="515" VPOS="1171" ID="st8-335"/><String HEIGHT="69" CONTENT="fes" WIDTH="99" HPOS="547" VPOS="1171" ID="st8-336"/><String HEIGHT="69" CONTENT="-" WIDTH="32" HPOS="646" VPOS="1171" ID="st8-337"/><String HEIGHT="69" CONTENT="globalization" WIDTH="426" HPOS="678" VPOS="1171" ID="st8-338"/><String HEIGHT="69" CONTENT="." WIDTH="32" HPOS="1104" VPOS="1171" ID="st8-339"/><String HEIGHT="69" CONTENT="org" WIDTH="99" HPOS="1136" VPOS="1171" ID="st8-340"/></TextLine><TextLine HPOS="197" VPOS="1726" ID="tl8-37" WIDTH="1407" HEIGHT="21"><String HEIGHT="21" CONTENT="The" WIDTH="34" HPOS="197" VPOS="1726" ID="st8-341"/><SP/><String HEIGHT="21" CONTENT="views" WIDTH="52" HPOS="237" VPOS="1726" ID="st8-342"/><SP/><String HEIGHT="21" CONTENT="expressed" WIDTH="93" HPOS="295" VPOS="1726" ID="st8-343"/><SP/><String HEIGHT="21" CONTENT="in" WIDTH="17" HPOS="394" VPOS="1726" ID="st8-344"/><SP/><String HEIGHT="21" CONTENT="this" WIDTH="34" HPOS="417" VPOS="1726" ID="st8-345"/><SP/><String HEIGHT="21" CONTENT="publication" WIDTH="105" HPOS="457" VPOS="1726" ID="st8-346"/><SP/><String HEIGHT="21" CONTENT="are" WIDTH="30" HPOS="568" VPOS="1726" ID="st8-347"/><SP/><String HEIGHT="21" CONTENT="not" WIDTH="32" HPOS="604" VPOS="1726" ID="st8-348"/><SP/><String HEIGHT="21" CONTENT="necessarily" WIDTH="100" HPOS="642" VPOS="1726" ID="st8-349"/><SP/><String HEIGHT="21" CONTENT="the" WIDTH="31" HPOS="748" VPOS="1726" ID="st8-350"/><SP/><String HEIGHT="21" CONTENT="ones" WIDTH="45" HPOS="785" VPOS="1726" ID="st8-351"/><SP/><String HEIGHT="21" CONTENT="of" WIDTH="20" HPOS="836" VPOS="1726" ID="st8-352"/><SP/><String HEIGHT="21" CONTENT="the" WIDTH="31" HPOS="862" VPOS="1726" ID="st8-353"/><SP/><String HEIGHT="21" CONTENT="Friedrich" WIDTH="82" HPOS="899" VPOS="1726" ID="st8-354"/><String HEIGHT="21" CONTENT="-" WIDTH="9" HPOS="981" VPOS="1726" ID="st8-355"/><String HEIGHT="21" CONTENT="Ebert" WIDTH="46" HPOS="990" VPOS="1726" ID="st8-356"/><String HEIGHT="21" CONTENT="-" WIDTH="9" HPOS="1036" VPOS="1726" ID="st8-357"/><String HEIGHT="21" CONTENT="Stiftung" WIDTH="74" HPOS="1045" VPOS="1726" ID="st8-358"/><SP/><String HEIGHT="21" CONTENT="or" WIDTH="20" HPOS="1125" VPOS="1726" ID="st8-359"/><SP/><String HEIGHT="21" CONTENT="of" WIDTH="20" HPOS="1151" VPOS="1726" ID="st8-360"/><SP/><String HEIGHT="21" CONTENT="the" WIDTH="31" HPOS="1177" VPOS="1726" ID="st8-361"/><SP/><String HEIGHT="21" CONTENT="organization" WIDTH="118" HPOS="1214" VPOS="1726" ID="st8-362"/><SP/><String HEIGHT="21" CONTENT="for" WIDTH="27" HPOS="1339" VPOS="1726" ID="st8-363"/><SP/><String HEIGHT="21" CONTENT="which" WIDTH="57" HPOS="1372" VPOS="1726" ID="st8-364"/><SP/><String HEIGHT="21" CONTENT="the" WIDTH="31" HPOS="1435" VPOS="1726" ID="st8-365"/><SP/><String HEIGHT="21" CONTENT="author" WIDTH="63" HPOS="1472" VPOS="1726" ID="st8-366"/><SP/><String HEIGHT="21" CONTENT="works" WIDTH="52" HPOS="1541" VPOS="1726" ID="st8-367"/><String HEIGHT="21" CONTENT="." WIDTH="11" HPOS="1593" VPOS="1726" ID="st8-368"/></TextLine><TextLine HPOS="197" VPOS="1770" ID="tl8-38" WIDTH="219" HEIGHT="21"><String HEIGHT="21" CONTENT="Friedrich" WIDTH="82" HPOS="197" VPOS="1770" ID="st8-369"/><String HEIGHT="21" CONTENT="-" WIDTH="9" HPOS="279" VPOS="1770" ID="st8-370"/><String HEIGHT="21" CONTENT="Ebert" WIDTH="45" HPOS="288" VPOS="1770" ID="st8-371"/><String HEIGHT="21" CONTENT="-" WIDTH="10" HPOS="333" VPOS="1770" ID="st8-372"/><String HEIGHT="21" CONTENT="Stiftung" WIDTH="73" HPOS="343" VPOS="1770" ID="st8-373"/></TextLine><TextLine HPOS="197" VPOS="1796" ID="tl8-39" WIDTH="279" HEIGHT="21"><String HEIGHT="21" CONTENT="Department" WIDTH="113" HPOS="197" VPOS="1796" ID="st8-374"/><SP/><String HEIGHT="21" CONTENT="for" WIDTH="27" HPOS="316" VPOS="1796" ID="st8-375"/><SP/><String HEIGHT="21" CONTENT="Development" WIDTH="126" HPOS="350" VPOS="1796" ID="st8-376"/></TextLine><TextLine HPOS="197" VPOS="1822" ID="tl8-40" WIDTH="276" HEIGHT="21"><String HEIGHT="21" CONTENT="-" WIDTH="7" HPOS="197" VPOS="1822" ID="st8-377"/><SP/><String HEIGHT="21" CONTENT="Dialogue" WIDTH="84" HPOS="210" VPOS="1822" ID="st8-378"/><SP/><String HEIGHT="21" CONTENT="on" WIDTH="25" HPOS="300" VPOS="1822" ID="st8-379"/><SP/><String HEIGHT="21" CONTENT="Globalization" WIDTH="125" HPOS="331" VPOS="1822" ID="st8-380"/><SP/><String HEIGHT="21" CONTENT="–" WIDTH="11" HPOS="462" VPOS="1822" ID="st8-381"/></TextLine><TextLine HPOS="197" VPOS="1848" ID="tl8-41" WIDTH="188" HEIGHT="21"><String HEIGHT="21" CONTENT="Hiroshimastrasse" WIDTH="157" HPOS="197" VPOS="1848" ID="st8-382"/><SP/><String HEIGHT="21" CONTENT="28" WIDTH="24" HPOS="361" VPOS="1848" ID="st8-383"/></TextLine><TextLine HPOS="197" VPOS="1874" ID="tl8-42" WIDTH="120" HEIGHT="21"><String HEIGHT="21" CONTENT="10785" WIDTH="61" HPOS="197" VPOS="1874" ID="st8-384"/><SP/><String HEIGHT="21" CONTENT="Berlin" WIDTH="53" HPOS="264" VPOS="1874" ID="st8-385"/></TextLine><TextLine HPOS="197" VPOS="1899" ID="tl8-43" WIDTH="86" HEIGHT="21"><String HEIGHT="21" CONTENT="Germany" WIDTH="86" HPOS="197" VPOS="1899" ID="st8-386"/></TextLine><TextLine HPOS="197" VPOS="1925" ID="tl8-44" WIDTH="277" HEIGHT="21"><String HEIGHT="21" CONTENT="Tel" WIDTH="23" HPOS="197" VPOS="1925" ID="st8-387"/><String HEIGHT="21" CONTENT="." WIDTH="8" HPOS="220" VPOS="1925" ID="st8-388"/><String HEIGHT="21" CONTENT=":" WIDTH="8" HPOS="228" VPOS="1925" ID="st8-389"/><String HEIGHT="21" CONTENT="+" WIDTH="12" HPOS="242" VPOS="1925" ID="st8-390"/><String HEIGHT="21" CONTENT="+" WIDTH="13" HPOS="254" VPOS="1925" ID="st8-391"/><String HEIGHT="21" CONTENT="49" WIDTH="26" HPOS="267" VPOS="1925" ID="st8-392"/><String HEIGHT="21" CONTENT="(" WIDTH="9" HPOS="300" VPOS="1925" ID="st8-393"/><String HEIGHT="21" CONTENT="0" WIDTH="10" HPOS="309" VPOS="1925" ID="st8-394"/><String HEIGHT="21" CONTENT=")" WIDTH="10" HPOS="319" VPOS="1925" ID="st8-395"/><String HEIGHT="21" CONTENT="30" WIDTH="20" HPOS="329" VPOS="1925" ID="st8-396"/><SP/><String HEIGHT="21" CONTENT="26935" WIDTH="59" HPOS="355" VPOS="1925" ID="st8-397"/><String HEIGHT="21" CONTENT="-" WIDTH="12" HPOS="414" VPOS="1925" ID="st8-398"/><String HEIGHT="21" CONTENT="7404" WIDTH="48" HPOS="426" VPOS="1925" ID="st8-399"/></TextLine><TextLine HPOS="197" VPOS="1951" ID="tl8-45" WIDTH="274" HEIGHT="21"><String HEIGHT="21" CONTENT="Fax" WIDTH="27" HPOS="197" VPOS="1951" ID="st8-400"/><String HEIGHT="21" CONTENT=":" WIDTH="9" HPOS="224" VPOS="1951" ID="st8-401"/><String HEIGHT="21" CONTENT="+" WIDTH="12" HPOS="240" VPOS="1951" ID="st8-402"/><String HEIGHT="21" CONTENT="+" WIDTH="13" HPOS="252" VPOS="1951" ID="st8-403"/><String HEIGHT="21" CONTENT="49" WIDTH="26" HPOS="265" VPOS="1951" ID="st8-404"/><String HEIGHT="21" CONTENT="(" WIDTH="9" HPOS="297" VPOS="1951" ID="st8-405"/><String HEIGHT="21" CONTENT="0" WIDTH="10" HPOS="306" VPOS="1951" ID="st8-406"/><String HEIGHT="21" CONTENT=")" WIDTH="10" HPOS="316" VPOS="1951" ID="st8-407"/><String HEIGHT="21" CONTENT="30" WIDTH="20" HPOS="326" VPOS="1951" ID="st8-408"/><SP/><String HEIGHT="21" CONTENT="26935" WIDTH="59" HPOS="353" VPOS="1951" ID="st8-409"/><String HEIGHT="21" CONTENT="-" WIDTH="11" HPOS="412" VPOS="1951" ID="st8-410"/><String HEIGHT="21" CONTENT="9246" WIDTH="48" HPOS="423" VPOS="1951" ID="st8-411"/></TextLine><TextLine HPOS="197" VPOS="1977" ID="tl8-46" WIDTH="248" HEIGHT="21"><String HEIGHT="21" CONTENT="Mail" WIDTH="36" HPOS="197" VPOS="1977" ID="st8-412"/><String HEIGHT="21" CONTENT=":" WIDTH="10" HPOS="233" VPOS="1977" ID="st8-413"/><SP/><String HEIGHT="21" CONTENT="globalization" WIDTH="126" HPOS="250" VPOS="1977" ID="st8-414"/><String HEIGHT="21" CONTENT="@" WIDTH="10" HPOS="376" VPOS="1977" ID="st8-415"/><String HEIGHT="21" CONTENT="fes" WIDTH="29" HPOS="386" VPOS="1977" ID="st8-416"/><String HEIGHT="21" CONTENT="." WIDTH="10" HPOS="415" VPOS="1977" ID="st8-417"/><String HEIGHT="21" CONTENT="de" WIDTH="20" HPOS="425" VPOS="1977" ID="st8-418"/></TextLine><TextLine HPOS="197" VPOS="2002" ID="tl8-47" WIDTH="250" HEIGHT="21"><String HEIGHT="21" CONTENT="www" WIDTH="30" HPOS="197" VPOS="2002" ID="st8-419"/><String HEIGHT="21" CONTENT="." WIDTH="10" HPOS="227" VPOS="2002" ID="st8-420"/><String HEIGHT="21" CONTENT="fes" WIDTH="30" HPOS="237" VPOS="2002" ID="st8-421"/><String HEIGHT="21" CONTENT="-" WIDTH="10" HPOS="267" VPOS="2002" ID="st8-422"/><String HEIGHT="21" CONTENT="globalization" WIDTH="130" HPOS="277" VPOS="2002" ID="st8-423"/><String HEIGHT="21" CONTENT="." WIDTH="10" HPOS="407" VPOS="2002" ID="st8-424"/><String HEIGHT="21" CONTENT="org" WIDTH="30" HPOS="417" VPOS="2002" ID="st8-425"/></TextLine><TextLine HPOS="482" VPOS="1796" ID="tl8-48" WIDTH="53" HEIGHT="21"><String HEIGHT="21" CONTENT="Policy" WIDTH="53" HPOS="482" VPOS="1796" ID="st8-426"/></TextLine></TextBlock></PrintSpace></Page></Layout></alto>