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This paper analyses the effect of trust on bank loan spreads for a sample of 16,324 loans from 36 countries over the period 2003-2013, considering not just the role of trust but also the interaction between trust and the legal protection of property rights and how its effect is moderated by the...
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find that a period of debt reduction followed 17 out of 20 systemic banking crises that were preceded by surges in credit …
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