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We study how and to what extent private households are affected by the recent financial crisis and how their financial decisions are in uenced by this shock. Our analysis reveals that individuals with low levels of financial literacy are less likely to have invested in the stock market and thus...
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Some regulation is needed to enhance growth and economic welfare, but too much undermines productivity. Generally, the …
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The European Securities and Markets Authority (ESMA) is required by Article 39a of Regulation (EU) No 462/2013 of the … European Parliament and the Council of 21 May 2013, amending Regulation (EC) No 1060/2009 on credit rating agencies (CRA … Regulation), to assess the staffing and resources needs arising from the assumption of its powers and duties under the CRA …
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