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The Global Credit Crisis of 2008-09 has underscored the urgency of reforming the international...

The new international financial architecture can help African countries benefit from...

Technology is generating a global convergence. A "big bang" of information—and...

To cope with the self-fulfilling liquidity runs that triggered many recent financial crises, we...

This paper compares the restructuring of sovereign bonds with and without collective action...

The design of the optimal sovereign insurance contract is analyzed when: the sovereign chooses...