... 3.4 times our GDP; thus, in a banking crisis, we are more restricted, and furthermore, taxpayers must pitch in much more than in the US, where banks represent 0.8 times the GDP; and ii) the capital market represents 0.9% of the GDP in the US. If there is a banking crisis, companies can obtain financing through the bond markets. This has not been the case in ... ...

• Word Count: 773
• Approx Pages: 3

... . These flows have started declining, and are likely to decline further in the near future because of (i) general "aid fatigue" and sharply reduced aid budgets in the major bilateral donors, (ii) increased competition from new claimants, and (iii) efforts to focus aid flows on the poorest of the poor countries, mostly in Africa. The regional governments have thus been forced to ... ...

• Word Count: 673
• Approx Pages: 3
• Grade Level: Undergraduate