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This paper provides a review of developments and prospects in the international capital markets,...

A common assumption in standard economic models is that agents are risk-averse and prudent, and...

This paper provides a review of recent developments and an assessment of short-term prospects for...

Stanley Fischer, IMF First Deputy Managing Director for the past seven years, stepped down from...

On June 7, IMF Managing Director Horst Köhler announced the appointments of the new First Deputy...

This paper discusses the extent to which national capital markets have become linked, and...