Using a sample of EU countries over the period 2002-2018, we find that a national culture of uncertainty avoidance and trust has a conditional role in the interplay between financial stress and economic growth. However, the cultural dimension of individualism does not appear to influence this...

Central banking has been traditionally characterized by mystique and an organizational culture of secrecy. While in recent years there has been a shift towards greater transparency around the globe, the degree of transparency continues to vary across countries. This is surprising because the...