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Spanish Bank Restructuring Several months of improvisation

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Bank accounts that are denominated in foreign currencies can offer some advantages to diasporas. First, in offering such foreign-currency denominated bank accounts, banks are the ones that shoulder the risk of foreign exchange. If account holders hold currency in local denomination, they are the ones who bear foreign currency risks. Foreign currency deposit (FCD) accounts have often been used by domestic savers to maintain the real value of their savings during times of macroeconomic instability. Some banks may also offer two types of FCD accounts: current and fixed-term deposit accounts. Current deposit accounts allow account holders to withdraw funds whenever...
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Spanish Bank Restructuring Several months of improvisation

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