Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...

Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets. Using a recent comprehensive dataset on financial liberalization across 94 countries for the period between 1973 and 2015, we formally test the validity of this prediction for...

Has the Euro created a more competitive market? Using a staggered difference-in-differences design we find that the Euro has increased firm-level market power between 23% and 30% after its adoption. This happens because deepening economic integration creates a stronger competitive environment...