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In reaction to the 2007-2008 U.S. financial crisis, many countries have enacted new banking rules, imposed capital controls, and reduced lending activities offered by foreign
In reaction to the 2007-2008 U.S. financial crisis, many countries have enacted new banking rules, imposed capital controls, and reduced lending activities offered by foreign banks. Coupled with rising nationalism, we have observed a sharp decline of cross-border bank lending activities and international capital flows after the U.S. financial crisis. You believe that this declining trend will not to continue in the next decade. Explain your answer.
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