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The world is still recovering from the most recent global recession associated with the 2008-09 financial crisis and … the possibility of another downturn persists as the global economy struggles to regain lost ground. But, what is a global …
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Following four years of relative stability at around $105 per barrel, oil prices have declined sharply since June 2014. This paper presents a comprehensive analysis of the sources of the recent decline in prices, and examines its macroeconomic, financial and policy implications. The recent drop...
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