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The Prebisch-Singer (PS) hypothesis [Economic Development of Latin America and Its Principal Problems, United Nations Publications: New York, NY, (1950); The Distribution of Gains between Investing and Borrowing Countries, American Economic Review , 40 (1950) 473-485] implies that there should...
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The U.S. bank stress tests were introduced to improve the risk posture and management practices of large and complex banking institutions. This study investigates whether stress-tested banks in the U.S. converge to each other in their levels and determinants of profitability, as well as...
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