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With the recent collapse of the asset price "bubble," Japanese banks encountered significant...

Using a VAR approach, this paper studies the relationship between money, output, and prices in a...

This paper examines how and why financial resources were channeled almost exclusively to specific...

This paper presents a simple macroeconomic simulation model which can be used to evaluate...

This paper examines the causes of the large buildup of enterprise arrears in Russia during 1992,...

This paper reviews China's experience with market-oriented reform since 1978, including domestic...