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This paper evaluates the political economy and structural factors explaining the collection efficiency of the Value … next period. Theory suggests that the collection efficiency is impacted by political economy considerations - greater …
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episode took a very heavy toll on the real economy, we argue that this was not a surprising outcome. In particular, historical …
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The global financial crisis of 2007-09 has led to an intensive research program analyzing a wide range of issues related to financial crises. This paper presents a summary of a forthcoming book, Financial Crises: Causes, Consequences, and Policy Responses, that includes 19 contributions...
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