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Emerging countries that have defaulted on their debt repayment obligations in the past are more...

Emerging countries experience real exchange rate depreciations around defaults. In this paper, we...

There is a vast body of literature estimating the impact of financial development on economic...

After more than six years of ultra-low interest rates, a Fed liftoff (rate hike) is just a matter...

The paper studies the impacts of wage moderation in the euro area. Simulation results show that...

The paper presents a tractable model to understand how international financial institutions...