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"Is the EU a force of convergence in the world? Standardizing the World offers a comprehensive assessment of the EU … also considered, including Vietnam and Central American countries. The volume reports four key findings. First, EU … toward a measured and socially-minded approach to trade and capitalism. Third, while the EU is quite successful at advancing …
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Institutional factors that enhance the quality of financial reporting and sharing of credit information can alleviate informational gaps between contracting parties and improve loan contract terms. Using cross-country data on syndicated loans, we find that the cost of debt financing is lower for...
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