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The main conclusion of Country Economic Memorandum is that the previous model of extensive growth has now exhausted its potential and must be renewed. Given the existing population dynamics, low environmental tolerance due to its Sahelian climate and competition forces imposed due to its open...
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diversification benefits at very low levels. Non-deposit, wholesale funding, by contrast, lowers the rate of return on assets … risky, which is consistent with the demise of the U.S. investment banking sector. "--World Bank web site …
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-market premium and putting more downward pressure on domestic prices. "--World Bank web site …
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supervision in every country in the world. The paper concludes by identifying reforms that would improve incentives by increasing … transparency and accountability in government and industry alike. "--World Bank web site …
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conducive to crisis can also be associated with more unequal societies."--World Bank web site …
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larger effort in the group to understand the sources of growth and volatility"--World Bank web site …
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department to study the containment and resolution of financial crises"--World Bank web site …
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