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money creation in groups of countries, taking note of differences between them. In doing so, authors compare size and … creating base money. We discuss that this is a structural trend and could be regarded as a contemporary (public) debt … the past decade and foreign exchange transactions remained the most important channel for base money creation. Early …
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This paper examines the issues of the aggregation and comparison of the credit ratings of various economic agents for … assessment of credit risks based on the constructed system of aggregating credit ratings for industrial companies and commercial … banks. The work also confirms the relationship between the level of assigned credit ratings and the various phases of the …
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Comparison of trends and peculiarities of financial systems in different countries, especially, in emerging markets, should start with setting the global context. The study identifies several periods of development of world financial institutions in the twenty-first century - deregulation...
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