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Financial Instability
Beginning of paper
The soaring volume of international finance and increased
interdependence in recent decades has increased concerns about volatility and
threats of a financial crisis. This has led many to investigate and analyze the
origins, transmission, effects and policies aimed to impede financial
instability. This paper argues that financial liberalization ....
Middle of paper
....ścontagion” crisis. A currency crisis
refers to a situation is which a loss of confidence in a country's currency
provokes capital flight. Conversely, a contagion crisis refers to a loss of
confidence in the assets denominated in a particular currency and the subsequent
global transmission of this shock.
One of the more paramount readings of f.... |
| Word count: 3508 |
Page count: 13 |
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