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The paper provides an overview of the profound and rapid changes in banking brought about by...

Despite stops, gaps, and reversals, financial reforms advanced worldwide in the last quarter...

We present a stylized framework which encompasses a variety of "balance sheet approaches" to...

Shortcomings make credit VaR estimates an unsuitable basis for setting bank regulatory capital...

In recent years, the IMF has released a growing number of reports and other documents covering...

The paper reviews the development of offshore financial activities in the English-speaking...