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This paper puts forward a proposal to help monetary policies confront the challenge of the "normalisation" of money …
Persistent link: https://www.econbiz.de/10011885373
This paper puts forward a proposal to help monetary policies confront the challenge of the “normalisation” of money …
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We study the role and the interaction of the quality of institutions and of counter-cyclical policies in leaning against the Global Financial Cycle (GFC) in Emerging Economies (EMEs). We show that heteroegeneity in institutional strength is a key determinant of the different effects of the GFC...
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