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The study calls for a two-track strategy: first, deep multilateral liberalization involving phased but complete elimination of industrial-county protection and

Financial crises are recurring phenomena that result in the financial distress of systemically important banks, making it imperative to understand how to best r

Includes a new foreword to the paperback edition.

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and

Today's financial crisis is the result of dismal failures on the part of regulators, market analysts, and corporate executives. Yet the response of the American