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player and a regulator of financial markets. In our empirical case-studies on the transformation process in Poland, Romania … and Russia we are analysing the problems that arise from such an unclear definition of the role of the state. …
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This paper studies the association between a country's level of financial development and firms' employment growth. We employ an incomplete contract model for evaluating this association. The model proposes that a high level of financial development affects the employment of firms with low...
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