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This study assesses the economic implications of China''s changing population in the 21st century using a numerical … mobility is high in China, a low fertility rate implies more future capital outflows. But if capital is less mobile, low …
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We provide empirical evidence to support the calibration of a limit on household indebtedness levels, in the form of a cap on the debt-service-to-income (DSTI) ratio, in order to reduce the probability of borrower defaults in Romania. The analysis establishes two findings that are new to the...
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