institutions. One policy implication of our view is that the need for various forms of rescues of financial firms in times of … crises would be reduced if appropriate institutions could be put in place Lacking appropriate institutions to avoid contagion … order to illustrate the problems policy makers face in a financial crisis without appropriate institutions. Current European …

, institutions and transactions are exogenous for the economic and societal system. The paper aims to explore the roles of cultural … institutions is conducive to opportunity entrepreneurship. Performing a sensitivity analysis, we construct a hypothetical, more …