If you return to Figure 9-4, you will notice that London Eurodollar interest rates tend to exceed
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If you return to Figure 9-4, you will notice that London Eurodollar interest rates tend to exceed U.S. certificate of deposit rates after the global financial crisis, but not before. Why do you think this is the case? (Be sure to return to this question after you read the next chapter!)
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International Finance: Theory And Policy
ISBN: 9781292065199
10th Edition
Authors: Krugman, Paul R.; Melitz, Marc J.; Obstfeld, Maurice
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