Filippo, Cavazzuti - In: Politica economica - Journal of Economic Policy (PEJEP) (2009) 1, pp. 5-30
Crisis is hitting most severely the financial markets of common-law countries (like US and UK) than the markets of civil-law countries (like Italy and other countries in continental Europe). We argue that one reason of the deepening turmoil in the civil law countries is the supremacy in these...