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This paper reviews the experience with macroeconomic stabilization in Russia during the 2 1/2...

An unexpected shortage of banknotes emerged during 1992 in the former Soviet Union. The cash...

This paper examines the roles of U.S. financial innovation, financial globalization, and the...

The implication of increasing dependency ratios for pay-as-you-go, defined-benefit pension...

Wage rises have remained stubbornly low in advanced Europe in recent years, but, at the same...

This paper studies the potential long-term effects of three illustrative scenarios using a...