Editorial


The serious financial turbulence which hit markets in August has invited comparisons to previous ones such as the stock market crash of 1987 and the 1998 crisis trig- gered by the default of Russia and the failure of the Long Term Capital Management hedge fund.

The serious financial turbulence which hit markets in August has invited comparisons to previous ones such as the stock market crash of 1987 and the 1998 crisis trig- gered by the default of Russia and the failure of the Long Term Capital Management hedge fund.

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