Explain the costs of each of the following conditions, and explain who bears them. (LO1) a. Interest-rate

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Explain the costs of each of the following conditions, and explain who bears them. (LO1)
a. Interest-rate instability
b. Exchange-rate instability
c. Inflation
d. Unstable growth

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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