Hagen, Tobias - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-33, pp. 1-44
Using cross-country data, this paper estimates the impact of the 2007 financial shock on countries' macroeconomic developments conditional on national financial regulations before the crisis. For this purpose, the financial reform index developed by Abiad et al. (A New Database of Financial...