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For dozens of developing countries, the financial upheavals of the 1980s have set back economic development by a decade
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"Ray Dalio's excellent study provides an innovative way of thinking about debt crises and the policy response.
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After the 1994 Real Plan ended fourteen years of high inflation in Brazil, the country’s economy was expected—mistakenly
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The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and a
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The current approach to resolving sovereign debt crises does not work: sovereign debt restructurings come too late and d
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A common legacy of banking crises is a large increase in government debt, as fiscal resources are used to shore up the b
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Domestic government debt markets play a critical role in managing public debt effectively and reducing the vulnerability
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In the wake of the Panama Papers scandal and similar leaks, tax havens are now firmly in the spotlight. Today, roughly h
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