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This paper studies international financial integration analyzing firms from various countries...

Jordan has seen a large increase in its international reserve holdings in recent years. While a...

In this paper, we use the extreme value theory (EVT) framework to analyze contagion risk across...

We model an economy in which domestic banks and firms face incentive constraints, as in Holmstrom...

Recent literature argues that conflict in shifting adjustment costs between different...

Stress testing is a useful and increasingly popular, yet sometimes misunderstood, method of...