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Climate change adaptation efforts are heavily dependent on a country's fiscal capacity and the associated costs of undertaking adaptation policies. The current accumulation of high debt levels in emerging and low-income developing countries, which are disproportionately affected by climate...
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The recent financial crisis has forced a rethink of banking regulation and supervision and the role of financial … innovation. This paper develops a model where prudent banks may signal their type through high capital ratios. Capital regulation …
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-market implications of this rapid growth of fintech are not known. We build a model with a traditional banking system and endogenous …
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