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We propose a new Financial Condition Index (FCI) for Asian economies based on two different...

We study the welfare properties of a New Keynesian monetary economy with an essential role for...

This paper uses a DSGE model with banks and financial frictions in credit markets to assess the...

The recent boom-bust episode in Emerging Europe was largely the product of surges and sudden...

The International Financial Statistics Yearbook, usually published in September, contains...

Based on a simple framework, this note clarifies the economics behind bank restructuring and...