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Submitted by ajay shah on December 7, 2009 - 05:33

Dubai's great crash

Sheikh Makhtoum won't go to debtor's prison, but short of that, Dubai's
all-but-sovereign default is an epochal event in its story. I wrote a
column in Financial Express titled Dubai's great crash
where I draw on this episode to think more clearly about (a)
International financial centres and (b) Puffery. On this subject, also

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