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The view that the IMF's financial support gives rise to moral hazard has become increasingly...

This note, prepared ahead of the G20 Summit (November 15), builds upon the points laid out in the...

In episodes of significant banking distress or perceived systemic risk to the financial system,...

This paper examines the impact of macroeconomic and financial sector policy announcements in the...

This paper discusses operational aspects of official emergency liquidity support to individual...