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Wide cachet late 1970s - PowerPoint PPT Presentation

Liquidity in Crisis Charles R. Morris October 20, 2008

Liquidity in Crisis Charles R. Morris October 20, 2008. Where We Are Now. Bank systemic solvency no longer at issue Serious recession inevitable Big in drop Personal Consumption share of GDP both essential and inevitable Post-crash economy likely to be quite different from recent experience.

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Wide cachet late 1970s - PowerPoint PPT Presentation

Liquidity in Crisis Charles R. Morris October 20, 2008