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Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...
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With the spectre of a recession looming in the eurozone (and elsewhere), the policy question arises as to how much … leeway do the fiscal authorities in the eurozone have to follow counter-cyclical fiscal policies aimed at providing some …
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