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Financial crises can have a severe impact on the real side of the economy with countries losing up to 20 percent of GDP. The paper studies rules that prevent financial instability and currency crises. These include institutional arrangements for a solid banking system, prudent regulations and...
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market indices, stock volatility and the special role of stocks from the financial sector. While the impact of the vote was … very similar for the stock markets in France, Germany and Spain, in Italy volatility among financial stocks intensified …
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