5. In their article (and the book) This Time is Different, Carmen M. Reinhart and Kenneth S....

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5. In their article (and the book) “This Time is Different,” Carmen M. Reinhart and Kenneth S. Rogoff asserted the there is a view that both countries and creditors do learn from their mistakes and, due to better-informed macroeconomic policies and more discriminating lending practices, it is argued that the world may not see any major defaults again. What elements can you find in chapter 20 to support this assertion?

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International Finance Theory And Policy

ISBN: 9781292238739

11th Global Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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