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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...

This paper examines the prudential issues associated with credit concentration in less...

What is the role of central banks in ensuring financial stability? This paper addresses this...