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Define the following concepts and provide an explanation of how they are used in the real world. IMF link Regional Financial Arrangements (RFAs) Economic and

Define the following concepts and provide an explanation of how they are used in the real world.

  • IMF "link"
  • Regional Financial Arrangements (RFAs)
  • Economic and Monetary Union
  • European Stability Mechanism
  • Eurobonds
  • Belt and Road Initiative
  • Competing multilateral institutions

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