Gluzmann, Pablo; Guzman, Martín - In: Ensayos Económicos 1 (2011) 61-62, pp. 35-73
In this paper we analyze empirically the relationship between different financial reforms and financial instability. We … measure as an aggregate of different financial reforms. Using data from Laeven and Valencia (2008) on banking crises and from … Abiad et al. (2010) on financial reforms, we find a positive relationship between financial liberalization and frequency of …