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This Selected Issues paper analyzes France's fiscal stance using a structural stochastic model. The theoretical model features a forward-looking benevolent government that needs to decide the optimal fiscal stance given the level of public debt, the cyclical position of the economy, and...
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This report assesses the observance of Basel Core Principles for Effective Banking Supervision in Japan. Banking …. The Japan Financial Services Agency is in the process of reforming its supervisory practices and has been shifting its …
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