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It is shown that the inefficiencies created by the "soft" budget constraint, enjoyed by...

This paper reviews recent developments in the theoretical and empirical analysis of...

This paper examines the relationship between temporary terms of trade shocks and household saving...

While the "dependent economy" approach has been used extensively in theoretical work on...

This paper reviews the main issues that needs to be addressed in the taxation of capital gains....

Rational speculation in foreign exchange trading is often assumed to dampen exchange rate...