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We analyze factors driving persistently higher financial intermediation costs in low-income...

The paper presents a theoretical model to explain how debt overhang is generated in low-income...

This paper examines the impact of the 2003-05 oil price increase on the balance of payments...

Debt-Sustainability in Low-Income Countries - Proposal for an Operational Framework and Policy...

Private investment is the principal transmission channel through which fiscal policy affects...

Would population aging affect the effectiveness of fiscal stimulus? Despite the renewed focus on...