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"Over the course of the nineteenth century, the struggles of Paris Bourse to manage counterparty risk revealed the …
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In the nineteenth century, the Paris Bourse struggled to manage counterparty risk, revealing the awkward choices for …
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The establishment of a centralized government bureaucracy to collect taxes is regarded as one of the essential features of a modern economy. Britain has long been regarded as a pioneer, creating an efficient tax-collecting bureaucracy over the seventeenth and eighteenth centuries. On the other...
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