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Learning lessons -- Blessings and perils of liberal finance -- Financial crises in the era of globalization -- From … stable world …
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The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active banking system (the BoC-GEM-FIN), to study the evolution of global current account balances following the recent global financial...
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