The Budget, Public Revenues and ExpendituresThis chapter discusses fiscal policy and institutions, beginning with a focus on the Maastricht Treaty, and goes on to explain fiscal balance, with a discussion of aging populations and unemployment.…
From SDG Academy
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Bank Runs and Panics, Part IIEven with the reforms that were introduced in the Great Depression and afterward, bank panics can happen again. This chapter provides a comprehensive overview of the 2008 financial crisis, which…
From SDG Academy
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How to Prevent Bank RunsThis chapter focuses on how bank panics can and should be prevented. There are four methods proposed for preventing (or decreasing) bank panics should be prevented: capital adequacy, reserve…
From SDG Academy
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