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This paper examines whether capital outflows may have contributed to output declines during the...

Fixed exchange rate regimes have come into disrepute, as their defense has become all but...

Much of the debate about the management of financial crises has focused on structural and...

Different levels of corporate leverage are used in this paper to help explain the wide range of...

This paper addresses the potential gains and risks of open capital markets by first looking at...

A bivariate vector-autoregression (VAR) model is used to test causal relations between the...