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Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …
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The IMF's Vulnerability Exercise (VE) is a cross-country exercise that identifies country-specific near-term macroeconomic risks. As a key element of the Fund's broader risk architecture, the VE is a bottom-up, multi-sectoral approach to risk assessments for all IMF member countries. The VE...
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