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art I: The benefits of free financial markets -- Does finance benefit only the rich? -- Shylock transformed -- The financial revolution and individual economic freedom -- The dark side of finance -- The bottom line on financial development -- Part II: When do financial markets emerge? -- The...
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economy allows both cross-border trade and capital flows. This theory can go some way in accounting for the cross …
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the political economy of financial development. Empirically, our analysis suggests that the forces opposing financial …
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