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International financial crises in the late 1990s revealed that deficiencies in countries'...

This paper addresses two complications arising from the use of collateral requirements in debt...

Technical Notes and Manuals are produced by IMF departments to expand the dissemination of their...

The behavior of equity prices is analyzed in a general equilibrium model where agents have...

This paper analyzes the capital structure of private asset managers in which the acquisition of...

It is challenging to explain the collapse in the price of subprime mortgage-backed securities...