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This paper examines the implications of the liberalization of capital outflows in China, India, Brazil, and South …
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India can draw from the experience of the Western nations before considering introduction of credit derivatives in the …
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Does democratization reduce the cost of credit? Using global syndicated loan data from 1984 to 2014, we find that democratization has a sizeable negative effect on loan spreads: a one-point increase in the zero-to-ten Polity IV index of democracy shaves at least 19 basis points off spreads, but...
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