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Examining the Link Between US Sovereign Default Risk and Global Interbank Funding Risk

The US government’s debt burden continues to rise, but the side effects aren’t confined to the US economy. The risks of a US sovereign default are exported to interbank funding markets worldwide, impacting interbank default risks and creating challenges in other countries. Recent research provides insights into this consequential link.

Strategies to increase remittance through formal channels

While marking the 72nd national day of Pakistan, the country’s envoys celebrated the contribution of overseas Pakistanis sending remittances back to the homeland.It is indeed with great pride.

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