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To overcome the lack of international liquidity, those who attended the Rio de Janeiro monetary conference agreed to introduce special drawing rights. This measure stemmed from an initiative taken by the Group of Ten. It is considered a milestone in international monetary policy. INTERECONOMICS...
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When the international debt crisis broke in 1982 it appeared for a time that the crisis might engulf the international banking system. What part did the banks play in the creation of the problem? What was their role in overcoming the crisis? Dr. Otmar Emminger, former President of the Deutsche...
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