In the period since the financial crisis of 2007-2009, several countries experienced very low rates of inflation

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In the period since the financial crisis of 2007-2009, several countries experienced very low rates of inflation and in some cases, outright deflation. Why might deflation be of particular concern to someone managing a bank?

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Money Banking and Financial Markets

ISBN: 978-1259746741

5th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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