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The Ds: Sharp economic downturns follow banking crises; with government revenues falling, fiscal deficits worsen; deficits lead to debt; as debts pile up rating downgrades follow. For the most fortunate countries it does not end in default
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health crisis morphs into a financial or debt crisis in some countries, I discuss what may lie ahead in terms of the stages … in crisis resolution and a brief reflection on how the resolution process can be expedited …
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