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Cover of Brother, Can You Spare a Billion?

Brother, Can You Spare a Billion?

by Daniel McDowell

2017 240 pages eng

"When financial crises occur, economic theory maintains that national economies need a lender of last resort to stabilize markets. In today's financial system, crises are rarely confined to one country-they often go global. Yet, there is no formal international lender of last resort (ILLR) to perfor…

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