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Crashed: How a Decade of Financial Crises Changed the World, by Adam Tooze

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China’s State Administration of Foreign Exchange looked for safe and predictable returns. Its safe assets of choice were long-dated US government debt and securities guaranteed by the US government.
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Crashed: How a Decade of Financial Crises Changed the World
Crashed: How a Decade of Financial Crises Changed the World
by Adam Tooze
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