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, regulation of the trade finance market needs to continue to take into account its low-risk character, the absence of leverage and …
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, however, equity and debt markets may be more advantageous. …
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In this paper, we examine the empirical link between the structural characteristics of the financial system and financial crisis. We find that there is a significant short-term reversal in development of the banking sector and stock market during both bank crises and market crashes, with the...
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