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This paper analyzes the effects of trade openness on budget balances by distinguishing the...

Two economists designed the main features of the charter of the IMF during World War II: John...

Do Highly Indebted Poor Countries (HIPCs) suffer from a debt overhang? Is debt relief going to...

This paper studies the changes in world business cycles during 1960-2003. We employ a Bayesian...

We introduce local and foreign investors in a simple model of speculative attacks. Local...

The announcement of the European Union enlargement coincided with a dramatic rise in stock prices...