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This paper contributes to the debate on the efficacy of IMF's catalytic finance in preventing financial crises. Extending Morris and Shin (2006), we consider that the IMF's intervention policy usually exerts a signaling effect on private creditors and that several interventions in sequence may...
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Gesellschaft aus? Dieser Frage wird hier aus dem Blickwinkel der Theorie der politischen Ökonomie nachgegangen. Zunächst werden …
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