This report has two primary purposes. It aims to u0091road testu0092 the Foundationu0092s financial participation indicators by applying them to a real life case, and to consider options for dealing with the lack of complete data. Slovenia was chosen as the pilot study. As much less has been...

It is commonly thought that an open economy can accommodate output shocks through either exchange rate or real sector adjustments. We formalise this notion by incorporating labour market rigidities into an “escape clause” model of currency crises. We show that the absence of structural...