Agnello, Luca; Castro, Vitor; Jalles, João Tovar; … - In: European Journal of Political Economy 37 (2015) C, pp. 129-145
We use data for a panel of 60 countries over the period 1980–2005 to investigate the main drivers of the likelihood of structural reforms. We find that: (i) external debt crises are the main trigger of financial and banking reforms; (ii) inflation and banking crises are the key drivers of...