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Recent empirical studies have shown an inverse relation between natural resource intensity and...

This paper analyzes the determinants of credit cyclicality. It constructs a financial development...

This paper analyzes the determinants of bond flows, now the dominant source of capital inflows,...

Both sides of the institutions and growth debate have resorted largely to microeconometric...

Russia's regions are heavily exposed to regional income shocks because of an uneven distribution...

This paper studies asymptotically the bias of the fixed effect (FE) estimator induced by...