In this paper, I explore the politically contested association between the degree of capitalism, captured by measures of economic freedom, and the risk and characteristics of economic crisis. After offering some brief theoretical considerations, I estimate the effects of economic freedom on...

While the short-term effects of the COVID-19 pandemic on lives and livelihoods are well understood, we know little about the effect of the pandemic for longer-term outcomes such as corruption. We look at the historical data on political and economic crises to assess what we can learn from the...

Following a number of banking crises over the past five years, several developed countries have reformed or plan to change their structures of banking supervision in search of macro-prudential blueprints that reduce the likelihood of similar events in the future. Elsewhere, banking crises have...