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This paper studies the impact of the state-dependent risk of a government default on the correlation of the scal balance and current account. We use a small open economy model where nonlinear risk premia arise endogenously when the government operates close to its scal limit, i.e. the maximum...
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This paper examines changes in the balance sheets of the banking system in five East Asian economies which were … and deposits of the banking system by applying panel data techniques. Estimates using data from Thailand, South Korea … assets and deposits of the banking system after controlling for the effect of other potential variables. -- international …
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This paper examines changes in the balance sheets of the banking system in five East Asian economies which were …, credits and deposits of the banking system by applying panel data techniques. Estimates using data from Thailand, South Korea … the banking system, but not on credit flows, after controlling for the effect of other potential variables …
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