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This paper develops a simple model of an international lender of last resort (ILOLR). The world...

This paper develops a model of the lender of last resort. It provides an analytical basis for...

The analysis of interconnectedness and contagion is an important part of the financial stability...

Lithuania’s current credit cycle highlights the strong link between housing prices and credit. We...

This Selected Issues paper assesses efficiency of Qatar public investment. It discusses the...

This paper proposes a stochastic volatility model to measure sovereign financial distress. It...