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and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis … a run on the central bank, or generate a run on the central bank once contingent liabilities exceed reserves and the …. "--World Bank web site …
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with the simple conceptual framework. The paper discusses possible implications for expenditure allocation. "--World Bank …
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increasing volatility or by amplifying the adverse effect of external shocks. "--World Bank web site …
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