Word: superbank
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Dates: during 1980-1989
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...commercial-bank lending for the Third World represents only a 2.5% increase above this year's level. Nonetheless, most bankers dread making any new loans to developing countries, where they already have mountains of risky loans outstanding. To encourage new lending, Volcker has suggested setting up a so-called superbank that could speed up loans by commercial banks to the debtors...
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