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The Russian federal government has recently initiated a fundamental reform of its budget system,...

From Fixed to Float-Operational Aspects of Moving Toward Exchange Rate Flexibility

This paper identifies the institutional and operational requisites for transitions to floating...

Many countries have moved towards more flexible exchange rate regimes over the last decade to...

Finance & Development, the IMF's quarterly print magazine and online editorial platform,...

This Selected Issues paper reviews the vulnerability and risks associated with Benin's banking...

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