corporate and wholesale finance
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Title: corporate and wholesale finance

Essay Details:

Subject: Business
Author: Kevin R
Date: January 6, 2014
Level: University
Grade: A
Length: 8 / 2288

Essay text:

The “quintupling” of oil prices in 1974 resulted in the increasing deficits on the current accounts of OECD and non-OPEC less developed countries (LDCs). If looked back in 1950s and 1960s the pattern of imbalance between these gropes was fairly constant but during 1973 – 1974 and again in late 1970s and early 1980s the pattern was marked by the high surplus of the OPEC sector and very huge deficits on the current account of the OECD and non-OPEC LDCs sector. This is clear shown by the increase of deficit from $2 billion in 1973 to $52 billion the following year, a combined analysis of OECD and LDCs...

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