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The paper assesses the impact of fiscal spillovers on growth in the context of a coordinated exit...

In many countries the decentralization of spending responsibilities has outpaced the...

The resumption of capital flows to emerging market economies since mid 2009 has posed two sets of...

In today''s financial system, complex financial institutions are connected through an opaque...

This paper examines foreign exchange intervention practices and their effectiveness using a new...

Emerging markets business cycle models treat default risk as part of an exogenous interest rate...