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Which Bank Is the 'Central' Bank? An Application of Markov Theory to the Canadian Large Value Transfer System

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A number of other governments, including a rather desperate Greek government, have tried to raise money through the issuance of diaspora bonds. In March 2011 Greece announced that it was looking to raise $3 billion in a series of quarterly sales, primarily from wealthy members of its diaspora population, and began bond sales to investors in the United States. Credit rating agencies, including Moody’s, have downgraded Greece, giving it a junk rating. Though members of the Greek diaspora, which numbers 11 million, may have emotional attachment to their homeland, more is required to draw substantive investment. The government needs to...
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Which Bank Is the “Central” Bank? An Application of Markov Theory to the Canadian Large Value Transfer System

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