Lessons from the Emerging Market Economies of the Dangers of Growing

Lessons from the emerging market economies of the dangers of growing internal and external debt _____ in the developed economies, causing ______.

A) were taken into account; a more responsible use of borrowed funds
B) were disregarded; extreme vulnerability to banking, default, and even currency crises
C) made their way into economic textbooks early on; newly trained economists to be up to speed on the dangers of deficits and debt
D) made a huge impression; people to increase saving and reduce borrowing