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undiversified portfolios might no longer be systemic from the standpoint of large international banks. ; Argentina's experience … shows that the presence of international banks was not enough to prevent local banking crises and sizable losses to … benefits of international portfolio diversification because international banks have limited liability, at least under some …
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The health of the U.S. economy is heavily dependent on the health of the banking system. Commercial banks support economic activity through a number of traditional services-taking deposits, making loans, and providing payment services. Many of today's large banking organizations, however, don't...
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