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The paper examines the experiences of countries in defining monetary aggregates, particularly...

Growth and inflation in Turkey have been volatile over the last two decades. It would, therefore,...

We present a stylized framework which encompasses a variety of "balance sheet approaches" to...

The likely enlargement of euro-area membership will radically change the environment under which...

Shortcomings make credit VaR estimates an unsuitable basis for setting bank regulatory capital...

This paper addresses two questions. First, under what circumstances will a centralized...