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This relatively simple model attempts to capture and integrate four widely held views about financial crises. [1] Interconnectedness among financial institutions (banks) can play a major role in precipitating systemic financial crises. [2] Lack of information about the quality of bank portfolios...
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pursued by India during the past 40 years prior to July ,1991, often dubbed as “license –control raj” was described as … happy as they thought LPG reforms would free India from a rapacious and domineering state. These individuals were under the … intoxication of opium of globalization. They had forgotten the economic history. But history repeats itself. India by the end of …
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