International financial system is now based on interest and has been so for more than 200 years.

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International financial system is now based on interest and has been so for more than 200 years. Critically evaluate why absence of interest rates makes finances stable and immune to crises?

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International Marketing And Export Management

ISBN: 9781292016924

8th Edition

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

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Posted Date: Apr 09, 2024 01:22 PM

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International financial system is now based on interest and has been so for more than 200 years.

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Expert Answer:

The notion that an absence of interest rates creates a stable and crisisproof financial system is a misconception Heres a breakdown of why interest ra... View the full answer

International Marketing And Export Management

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