Transcripts of the monetary policymaking body of the Federal Reserve from 2002–2008.
the epicenter of the crisis, distress has been evident much more broadly—with the municipal market
crisis that characterizes Argentina currently. In recent weeks, new worries concerning Brazil have
have in place before the crisis begins a well-developed structure that gives clear indications in
persist for the foreseeable future. Before the crisis, the spread was about 10 basis points.
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