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We propose a model of the interbank money market with an explicit role for central bank...

Capital flow volatility is a concern for macroeconomic and financial stability. Nonetheless,...

Has the unprecedented financial globalization of recent years changed the behavior of capital...

This note provides an overview of the literature on the challenges posed by shallow financial...

This paper addresses two complications arising from the use of collateral requirements in debt...

Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets,...