Explain the costs of each of the following conditions and explain who bears them. a. Interest-rate instability

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Explain the costs of each of the following conditions and explain who bears them.

a. Interest-rate instability

b. Exchange-rate instability

c. Infl ation

d. Unstable growth

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Money Banking And Financial Markets

ISBN: 9780073375908

3rd Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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