FINANCIAL SYSTEMS AND INSTITUTIONS
Critically discuss how financial institutions manage those risks.
“All financial intermediaries provide the same economic functions. Therefore, the same investment strategy should be used in the management of all financial intermediaries.”
Discuss with illustrations how financial market liberalization contributes to the convergence of financial firms. Also indicate whether or not you agree or disagree with this statement in the light of changes occurred in the era of financial market deregulation.
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