Suppose central bankers have fi gured out a way to eliminate recessions. What fi nancial and economic
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Suppose central bankers have fi gured out a way to eliminate recessions. What fi nancial and economic changes would you expect to see? Relate these changes to the core principle that stability improves welfare.
10.* Why do you think the global fi nancial system has become more integrated over time? Can you think of any downside to this increased integration?
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Related Book For 
Money Banking And Financial Markets
ISBN: 9780073375908
3rd Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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