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Should policymakers wait for fiscal crisis early warning signals before repairing the roof? We...

We study the link between the probability of default implied by Credit Default Swaps (CDS)...

We compare the effectiveness of Federal Reserve's asset purchase programs in lowering longterm...

The level of a bank's capitalization can effectively transmit information about its riskiness and...

This paper examines the transmission mechanism through which unconventional monetary policy...

The volume of credit extended by a bank can be an informative signal of its abilities in loan...