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We examine the short- and long-run effects of financial liberalization on capital markets. To do...

Economic theory suggests that vulnerable financial conditions of the corporate sector can trigger...

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...