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Globalization has resulted in greater interconnectedness among markets around the world and increased communication and awareness of business opportunities in far corners of the globe. More investors can access new investment opportunities and study new markets at a greater distance than before....
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This study explores cross-country differences in debt market participation, level of household debt holding and over … using three decomposition methods. Significant differences are found in debt market participation, the level of debt and the … of households participate in debt markets and are more indebted because of more liberal credit market conditions. The …
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