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This paper investigates the impact of the new capital requirements introduced under the Basel III...

Recoveries that occur in the absence of credit growth are often dubbed miracles and named after...

We propose a modification to a baseline sovereign default framework that allows us to quantify...

We analyze trade dynamics following past episodes of financial crises. Using an augmented gravity...

Global merchandise trade sharply declined in late 2008 and early 2009, and some press and...

This paper considers the case for mortgage covered bonds as an alternative to the...