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In contrast to the early-warning system literature, we find that currency and debt crises are not...

This paper analyzes the Corporation of Foreign Bondholders (CFB), an association of British...

August to September 1998 has been characterized as one of the worst episodes of global financial...

We examine the short- and long-run effects of financial liberalization on capital markets. To do...

Economic theory suggests that vulnerable financial conditions of the corporate sector can trigger...

Dollarization of liabilities (DL) has emerged as a key factor in explaining the vulnerability of...