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5min chapter
Who Wins and Who Loses With Inflation
Ones and Tooze
What Does This Tell Us About the Growth Models Available to Development Countries?
Private credit has taken on an increasingly significant role in low income and developing countries over the recent decades. The fact that they are beholden to complex webs of a combination of private, public, bi latural lending makes things really difficult to resolve. We do not have good mechanisms for resolving complex, multi creditor, public, private, multi latual, bi lnatural type debt crises. And that is our reality now.
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