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Since the summer of 2007, participants in financial markets have been confronted by a crisis of their own making. In order to prevent the recurrence of a similar crisis in the future, the G-20 nations, at their finance summit in Washington on 15 November 2008, resolved to "ensure that all...
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It is widely agreed that failures of financial market regulation contributed to systemic instability and the credit … Ponzi-like financial market: policy and regulation were shaped by the market. Finally, the historical conditions that …
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