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The paper provides an overview of the profound and rapid changes in banking brought about by...

Despite stops, gaps, and reversals, financial reforms advanced worldwide in the last quarter...

I model deflation, at zero nominal interest rate, in a microfounded general equilibrium model. I...

This paper examines the regulatory and supervisory implications stemming from the dominance of...

The paper examines the experiences of countries in defining monetary aggregates, particularly...

Growth and inflation in Turkey have been volatile over the last two decades. It would, therefore,...