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Brendan Hughes: Markets in Chaos: A History of Market Crises Around the World

Talking Billions with Bogumil Baranowski

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The Consequences of Borrowing in Foreign Currency

This chapter explores the vulnerability of countries that borrow in a foreign currency, referencing examples from Poland, Latin America, and Asia. It discusses the importance of reserves, historical debt crises, and the privilege of the United States in borrowing in its own currency.

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