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Thailand had to endure three major shocks during 2008–2011: the global financial crisis, the...

We develop a dynamic stochastic general equilibrium model with financial frictions on both...

We develop a optimal rules-based interpretation of the 'three pillars macroeconomic policy...

Malaysia was hit hard by the global financial crisis of 2008-09. Anticipating the downturn that...

Korea was one of the Asian economies hardest hit by the global financial crisis. Anticipating the...

During periods of financial turmoil, increases in risk lead to higher default, foreclosure, and...