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This paper examines different explanations-initial conditions, openness to trade and FDI, and...

Using symmetric data sets of 92 weekly return observations before and after the introduction of...

Balanced growth models are commonly used in macroeconomics because they are consistent with the...

Several transition countries have experienced strong real exchange rate appreciations. This paper...

This paper considers how an international lender of last resort (LOLR) can prevent...

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