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An examination of the evolutionary stages of the debt problem in developing countries, with a discussion of how U.S. banks and financial markets have adjusted to accommodate it and some proposed solutions to the problem.
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This exploratory issue paper begins with a statement by Joseph Stiglitz, Nobel Laureate in Economic Sciences, which outlines what a well-functioning global financial system would achieve, followed by his dry statement that the current global financial system does none of these things. The paper...
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Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and Central Bank Immunity in the …
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Remarks at the Central Reserve Bank of Peru on the Foreign Sovereign Immunities Act and Central Bank Immunity in the …
Persistent link: https://www.econbiz.de/10010725029
For several years prior to 2010, countries in the euro area periphery engaged in heavy borrowing from foreign private … confidence in the sustainability of their finances. The result has been an abrupt halt in private foreign lending to these … economies. This study explains how the periphery countries became dependent on foreign borrowing and considers the challenges …
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