Saka, Orkun; Campos, Nauro F.; De Grauwe, Paul; Ji, Yuemei - 2019
-crisis level of liberalization. In the EU sample, however, we do not find sufficient evidence to support these observations. …Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets … lead to a reversal of liberal reforms, suggesting that governments react to crises by re-regulating financial markets …