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BIC |
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BICSee: Bank Investment ContractBIC Similar MatchesBicycle TheoryBicycle TheoryWith regard to the process of multilateral trade liberalization, the theory that if it ceases to move forward (i.e., achieve further liberalization), then it will collapse (i.e., past liberalization will be reversed). The idea was suggested by Bergsten (1975) and named by Bhagwati (1988). Bank Investment Contract (BIC)Bank Investment Contract (BIC)Interest guaranteed by the bank in a Interest over a specific time frame with a specific Interest. |
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