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An Oil and Gas Model

This paper formulated a short-run model, with an explicit role for monetary policy, for analyzing...

Economics of Sovereign Wealth Funds: Issues for Policymakers
US$17.50

The book covers a wide range of topics of relevance to policymakers in countries that have sovereign...

Financial Crises: Causes, Consequences, and Policy Responses
US$20.00

Financial Crises: Causes, Consequences, and Policy Responses provides a comprehensive overview of...

Lebanon: Report on Performance Under the Program Supported by Emergency Post-Conflict Assistance

Lebanon

Report on Performance Under the Program Supported by Emergency Post-Conflict Assistance

This report on Lebanon's Performance Under the Program Supported by Emergency Post-Conflict...

Equity and Fiscal Policy: The Income Distribution Effects of Taxation and Social Spending in Central America

Equity and Fiscal Policy

The Income Distribution Effects of Taxation and Social Spending in Central America

How does fiscal policy fare in improving the underlying income distribution in Central America? We...

Vietnam: Bayesian Estimation of Output Gap

Vietnam

Bayesian Estimation of Output Gap

The paper constructs a new output gap measure for Vietnam by applying Bayesian methods to a...

Bank Capital: Lessons From the Financial Crisis

Bank Capital

Lessons From the Financial Crisis

Using a multi-country panel of banks, we study whether better capitalized banks experienced higher...

Fat Tails and their (Un)Happy Endings: Correlation Bias and its Implications for Systemic Risk and Prudential Regulation

Fat Tails and their (Un)Happy Endings

Correlation Bias and its Implications for Systemic Risk and Prudential Regulation

The correlation bias refers to the fact that claim subordination in the capital structure of the...

Is there a Role for Funding in Explaining Recent U.S. Banks' Failures?

This paper tests the role of different banks'' liquidity funding structures in explaining the...

Possible Unintended Consequences of Basel III and Solvency II

In today''s financial system, complex financial institutions are connected through an opaque network...