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In line with the recent policy discussion on the use of macroprudential measures to respond to crossborder risks arising from capital flows, this paper tries to quantify to what extent macroprudential policies (MPPs) have been able to stabilize capital flows in Central, Eastern and Southeastern...
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This paper compares two alternative growth paths, assessing the effects on productivity of specialisation in natural resources (NR) and in technologically advanced products. The empirical analysis exploits product-level export data for 109 developing and 51 developed economies over the period...
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At the end of the Cold War the west imposed economic "shock therapy" on the countries of the former Soviet Union to … and donors. The outcome, the World Bank admits, is that Mozambique showed remarkable growth, which largely benefitted the … and brutal way the IMF and World Bank imposed shock therapy on Mozambique. …
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