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This paper studies the apparent contradictions between two strands of the literature on the...

After the failure of the early 1980s, a second attempt at capital account liberalization was...

This paper evaluates European structural reforms over the last 20 years, in light of economic...

The aim of this paper is to evaluate the welfare gains from financial integration for developing...

Economic activity is risky. Returns across economic sectors can be highly variable, potentially...

Based on the experience of budget management reforms that have been introduced over the last two...