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Collection of essays representing the analysis and policy proposals of a wide range of economists, and dealing with many contentious issues about the re-structu
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Easy global liquidity conditions, stronger risk appetite and a retrenchment in cross-border bank lending led to a surge in emerging market firms’ bond issuanc
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This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the chal