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Since independence in 1991, Uzbekistan has pursued a gradual approach to the transition from...

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...