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Describe & explain the role that international investment banks, collateralised mortgage securitisation & insurance swaps had in amplifying the global linkages inherent in the International
Describe & explain the role that international investment banks, collateralised mortgage securitisation & insurance swaps had in amplifying the global linkages inherent in the International Financial System? Consider how Iceland defaulting on its global debt (which far exceeded the GDP for such a small economy), Lehman Brothers going bankrupt & AIG subsequently collapsing plunged the world into the Great Recession
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