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This article examines a topic of much interest, the association of financial architecture and national equity premia for recent eight-year period from 15 emerging-market countries. Modeling simultaneously our estimate of the ex-ante equity premium as a dependent variable and our measure of...
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In Germany banks play a major role in finance. In tranquil times the German banking sector was known as stable but low … known. Meanwhile it became clear that single banks have the potential to destabilize the whole sector. Banking crises and … the following re-stabilization of banks by state intervention are extremely expensive. Against the background of …
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