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Dollarization of liabilities (DL) has emerged as a key factor in explaining the vulnerability of...

This paper assesses the implementation of IMF-supported programs using measures of program...

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...

Shortcomings make credit VaR estimates an unsuitable basis for setting bank regulatory capital...