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Rapidly rising dollarization and numerous related financial crises in recent years have...

De facto (unofficial) dollarization, defined as the holding by residents of assets and...

This paper studies the apparent contradictions between two strands of the literature on the...

Policymakers' uneasiness about granting independence to financial sector regulators stems to a...

In a liquid financial market, investors are able to sell large blocks of assets without...

The IMF Research Bulletin, a quarterly publication, selectively summarizes research and...