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On a credit rating-adjusted basis, spreads on U.S. high-yield debt have typically been regarded...

In contrast to the early-warning system literature, we find that currency and debt crises are not...

Until the recent financial crisis, the safety and soundness of financial institutions was...

This paper develops a new index which provides early warning signals of fiscal sustainability...

Probability of default (PD) measures have been widely used in estimating potential losses of, and...

We study the robustness of the Lerner symmetry result in an open economy New Keynesian model with...