Banks and Public Finances

From NigeriansTalk Mon Feb 18 2013, 00:42:35

One of the more interesting aspects of the last global financial and economic crisis was the way in which banks' health, public finances, and countries' output became almost inextricable intertwined. The most obvious thread in this link was that between banks' holding of sovereign debts and the effect on these of the ensuing sovereign fiscal crises. As governments' finances worsened, [...]

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