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premature to conclude that 'Too Big to Fail" has been solved, but macro-prudential regulation is now much more effective and …
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2007, and especially in the euro area after 2010. That crisis triggered major changes to European financial regulation and …
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regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to …: it rises as regulation stringency moves from low to medium levels and falls from medium to high levels. Countries located …
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