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“In the UK, unfortunately, we’ve also had in the near term the impact of Brexit, which has slowed the pace at which the economy can grow,” Carney said in an interview with BBC Radio 4’s “Today” program on Friday. …“The economy’s capacity would go down for a period of ...
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6. This applies to the US. In emerging markets, the ability of central banks to operate as lenders of last resort in terms of reserve money depends on external credit lines and their stock of international reserves. This, by the way, is one of the reasons for the self-insurance motive....
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