1 Subjects: “...Development Planning and Policy: Trade Policy...”

2 “..., and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...”

3 “...We study the role that changes in credit and fiscal positions play in explaining current account...”

4 “... of sudden stops. Foreign reserve assets play a mitigating role, although with diminishing returns...”

5 “..., in countries such as France and Germany, financial frictions played a minor role in output gap measures. We...”

6 “... shocks have played a minor role in explaining the behavior of the real exchange rate, while both demand...”