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The paper lays out an analytical framework for understanding crises in emerging markets based on...

We present a stylized framework which encompasses a variety of "balance sheet approaches" to...

During the 1990s, the concept of "catalytic official finance" (COF) gained prominence in policy...

Monthly economic statistical bulletins issued by central banks and national statistical offices,...

This paper provides a perspective on how the IMF assesses a "sound fiscal policy," focusing...

IMF lending is generally conditional on specified policies and outcomes. These conditions usually...