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The financial services industry needs fewer banks worldwide. As long as banks have existed in human history, their managers have realized how not all dep
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From crony capitalism to state capitalism, what economic policy lessons can we learn from President Putin's current reign in Russia? In the 15 years of
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Daron Acemoglu and James Robinson show a constant economic tussle between society and the state in the hot pursuit of liberty. Daron Acemoglu and James R
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Stock market misvaluation and corporate investment payout The behavioral catering theory suggests that stock market misvaluation can have a first-order
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U.S. federalism and domestic institutional arrangements A given country is federal when both of its national and sub-national governments exercise separa
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In 2000, a former law professor at Harvard proposed establishing the Financial Product Safety Commission in order to protect consumer rights in the provisio