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Friday, December 19, 2014

How does my country grow? Lessons for the EZ | VOX, CEPR’s Policy Portal

How does my country grow? Lessons for the EZ | VOX, CEPR’s Policy Portal

Structural reform is particularly costly in the context of a debt overhang and an overvalued exchange rate. However, the crux is not debt restructuring per se, but whether economic governance changes credibly for the better following it.


The Canuto, Pinto, and Prasad paper 

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