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Under the assumption of no arbitrage exchange rate target zone credibility is tested by whether...

This paper discusses how decentralized countries can achieve sound fiscal relations between the...

This paper considers the problem of jointly decomposing a set of time series variables into...

The growth of Italian exports has lagged that of euro area peers. Against the backdrop of ...

This Staff Discussion Note examines the effect of gender-based legal restrictions and other...

Studies have shown that markets may underprice sub-national governments' risk on the implicit...