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- Bulgaria, Greece, Romania, and Serbia - received full or de facto independence. Using a novel dataset of monthly bond prices … way for these emerging markets to receive more favourable borrowing conditions. Romania never submitted to such measures …
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the recent turmoil inside the Eurozone--including the dramatic capitulation of Greece's short-lived anti …, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows …
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In advanced economies interest rates generally vary inversely with the borrower's socio-economic status, because status tends to depend inversely on default risk. Both of these relationships depend critically on the impartiality of the law. Specifically, they require a lender to be able to sue a...
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