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This paper presents case studies of macroprudential policy in five jurisdictions (Hong Kong SAR,...

This paper examines the financial stability implications arising from securitization markets,...

We show that too much meritocracy, modeled as accuracy of performance ranking in contests, can be...

This paper documents developments in mortgage credit and the housing sector in Latin America over...

We implement a three-step procedure to assess the extent of exposure to real estate in commercial...

The crisis has highlighted the importance of setting up macro-prudential oversight frameworks,...