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TOPIC: GLOBAL FINANCIAL INTEGRATION Differentiate financial integration, financial stability, monetary policy. Is it possible to refinance an international loan to defer payment of high interests?

TOPIC: GLOBAL FINANCIAL INTEGRATION

Differentiate financial integration, financial stability, monetary policy.
Is it possible to refinance an international loan to defer payment of high interests? Explain.
How would a financial regulatory reform change the global perspective of a country when it comes to facing financial integration and financial stability?

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