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We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial li
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Soaring energy prices have raised concerns about the risks energy price shocks pose for firms' performance and the green transition. This paper estimates the im
Short-Run Pain, Long-Run Gain
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The views on financial liberalization are quite conflictive. Many argue that it triggers financial bubbles and crises. Others claim that financial liberalizatio
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