Giovanni Dell'Ariccia, Pau Rabanal, Christopher Crowe, and Deniz Igan
INTERNATIONAL MONETARY FUND
DISCLAIMER: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed to the authors and not to the IMF, its Executive Board, or its management. Staff Discussion Notes are published to elicit comments and to further debate.