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When are the financial crises occurred?
Financial crises arise where there is a large raise in asymmetric information into financial markets. Asymmetric information arises while one party to a transaction has less information than the other party, and therefore is unable to create an accurate conclusion. In the asymmetric information issue further here important that part of investigation in which causes a country to have a market- or a bank-based system.
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Swap Market: The fall of Bretton Wood system in early 1970s weakened of the pound. It was imperative to stop the downward slide of the pound. In order to control the flow of fo
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