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Reviewed on November 1, 2017 | social sciences
Bayoumi, a deputy director at the International Monetary Fund, examines the historic context of the 2008 financial crisis in both the United States and Euro currency countries and traces how seemingly benign policies to lower currency barriers and standardize banking regulations across Europe weakened the system. He explains that in the United States, different requirements of regulated and shadow banks created similar...Log In or Sign Up to Read More