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Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets...

In contrast to conventional money demand literature, this paper proposes that monetary policy...

This paper studies a novel type of misallocation of credit between investments of varying...

This is the companion background paper to the staff report on Financial Soundness Indicators...

The paper presents a framework to integrate liquidity and solvency stress tests. An empirical...

Developments during the global financial crisis have highlighted the importance of...