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This paper has two objectives: first, by reviewing the recent experience of five Latin American...

We construct a dynamic general equilibrium model of an open economy and use it to examine issues...

This paper uses a simple framework based on the government budget constraint to analyze the...

This paper explores the reasons behind the recent transformation and upturn of the Mexican...

After a prolonged and almost total reliance on debt restructurings and concerted new money...

The paper analyzes the evolution of Mexico's approach to commercial bank debt restructuring since...