International Lender of Last Resort and the 2007-08 Financial Crisis (3097 words, 9 pages)
Markets, despite their skills and knowledge, are apparently destined to repeat history. Over the last 30 years, many financial crises have taken place carrying out a high degree of commonality excessive exuberance, poor regulatory supervision, unreliable accounting and a mass sense of infallibility. Latin American countries for example were accumulating ...
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