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This paper examines the cost of deflation in the context of Japan's ongoing deflationary episode....

The recent boom-bust cycle in the euro area's equity valuations has left nonfinancial...

In contrast to the early-warning system literature, we find that currency and debt crises are not...

This paper addresses the issue of the appropriate exchange rate regimes for Jordan and Lebanon in...

Based on evidence obtained from the IMF's 2001 Survey on Foreign Exchange Market Organization,...

We show the importance of a dynamic aggregation bias in accounting for the PPP puzzle. We prove...