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This paper studies the apparent contradictions between two strands of the literature on the...

The paper's central theme is that where a financial crisis emerges, regional supervisors should...

Does the choice of exchange rate regime affect the way an economy's adjustment to real shocks?...

We test the hypothesis of a link between exchange rate policy and sovereign bonds. We analyze the...

The main objective of this paper is to propose a definition of financial stability that has some...

Several papers argue that debt crises can be the result of self-fulfilling expectations that no...