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This paper examines whether capital outflows may have contributed to output declines during the...

Much of the debate about the management of financial crises has focused on structural and...

Different levels of corporate leverage are used in this paper to help explain the wide range of...

This paper addresses the potential gains and risks of open capital markets by first looking at...

A bivariate vector-autoregression (VAR) model is used to test causal relations between the...

Sovereign debt restructurings are perceived as inflicting large losses to bondholders. However,...