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We propose a toolkit for the assessment of systemic risk buildup in low income countries. We show that, due to non-linearity in the relationship between credit and financial stability, the assessment should be conducted with different tools at different stages of financial development. In...
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, considering the moderating role of financial regulation. To do so, we compare the effects of these variables in Sub … SSA and LAC countries, and financial regulation contributes to increasing financial stability in LAC countries, while we … find no statistical significance in the effect of financial regulation on financial stability in SSA countries. Moreover …
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