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Many emerging market economies are trying to improve their budget processes and move to...

This paper studies whether exchange controls, particularly on the capital account, affect the...

This paper finds that reforms introduced by the IMF to promote transparency have created more...

Conventional wisdom has held that a fixed exchange rate regime induces more fiscal discipline,...

Macroeconomic theory postulates that fiscal deficits cause inflation. Yet empirical research has...

Based on China's experience between 1980 and 2002, a cointegrated vector autoregression model was...