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We provide a model of contagion where countries borrow or lend for consumption smoothing at the...

The paper uses finance and agency theory to establish two main propositions: First, that the...

The treatment of license payments in the national accounts has become increasingly important in...

Since the end of the conflict in Kosovo-a province of Serbia in the Federal Republic of...

This paper distinguishes between debt and equity flows in the presence of information asymmetry...

The IMF was established in 1944 in part to "give confidence" to member countries by providing...