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Credit rating agencies face a difficult trade-off between delivering both accurate and stable...

We provide new firm-level evidence on the effects of capital account liberalization. Based on...

This Selected Issues paper seeks to determine the macroeconomic effects of credit growth in...

This paper addresses the growth, welfare, and distributional effects of credit markets. We...

Despite robust deposit growth, credit growth has been sluggish in the Philippines. We attribute...

In the December 2013 IMF Research Bulletin, the Research Summaries look at "Reforming Dual Labor...