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We show that too much meritocracy, modeled as accuracy of performance ranking in contests, can be...

The global expansion is losing speed in the face of a major financial crisis. The slowdown has...

This paper documents developments in mortgage credit and the housing sector in Latin America over...

We implement a three-step procedure to assess the extent of exposure to real estate in commercial...

The crisis has highlighted the importance of setting up macro-prudential oversight frameworks,...