Why do debt deflations occur in advanced countries, but not in emerging market countries?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:20 AM

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Why do debt deflations occur in advanced countries, but not in emerging market countries?

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Because they have debt that is long term when the price level falls it ...View the full answer

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