This paper investigates how employment regulations affect firms’ use of moreflexible employment arrangements. Using firm level data from 27 countries in EasternEurope and Central Asia the paper not only looks at variations in the formal, de jurerestrictions on labor practices across countries,...

The recent collapse of certain market operators has reopened the debate on the vulnerabilities of non-bank financial intermediation and their implications from the regulatory and supervisory standpoint. This article focuses on Archegos and Greensill whose collapse, although not systemic,...