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During the global financial crisis, European banks contracted foreign claims on recipient...

This paper uses a dynamic optimization model to estimate the welfare gains of hedging against...

A distinguishing feature of emerging market crises in recent years has been the sudden disruption...

We estimate tax multipliers in a "Blanchard-Yaari" consumption model where Ricardian equivalence...

Indirect taxes are an important element in stabilization tax packages that aim at raising revenue...

In this paper, we develop an alternative approach to estimate the size of the shadow banking...