Word: ratajczak
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Dates: during 1980-1989
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Volcker also played a key role in containing the international debt crisis last August. "Aside from saving international banking, I can't think of anything he's done," quips Economist Donald Ratajczak of Georgia State University. By easing up on the U.S. money supply, Volcker ensured that cash would be available for loans to troubled borrowers like Mexico, which was near default. Moreover, Volcker was the leader in arranging a $5 billion rescue package that kept Mexico financially afloat...