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time-varying risk. Some work by Abel provided us with the insights needed to produce such formulas. This paper gives a …
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The paper considers gains from international economic policy coordination when there is uncertainty concerning the functioning of the world economy, but also learning about the “true” model on the part of policymakers. The paper reports estimates of plausible alternative versions of a...
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assess the interest rate risk carried by a sample of Indian banks in March 2002. We find evidence of substantial exposure to …
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