Arnav Agrawal

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The India Way: St...
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Central Banking 101
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Jan 20, 2022 02:06AM

 
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Book cover for Boomerang: Travels in the New Third World
When the interest rates on their borrowing rose, these governments would plunge further into debt,
Arnav Agrawal
Higher interest rates on bonds means that borrowing is expensive. Case in point: Greek bond interest rates spiked during greek financial crisis.
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