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We examine the impact of various dimensions of financial reform on the likelihood of systemic and non-systemic banking crises. Using new financial reform measures for a large sample of developing and developed countries for the period 1973 to 2002, our multivariate probit modeling results...
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institutional performance are even larger, while financial deregulation in former socialist countries tends to worsen institutional …
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institutional performance are even larger, while financial deregulation in former socialist countries tends to worsen institutional …
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