volume 17, issue 4, P502-519 2001
DOI: 10.1093/oxrep/17.4.502
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Abstract: AbstractThe regulations that shape the design and the operations of corporations, credit and securities markets differ vastly from country to country. In addition, similar regulations are often unequally enforced in different countries. Economists still have an imperfect understanding of why these international differences exist and of whether they tend to persist over time. However, a recent strand of research has shown that some progress on these issues can be made using the approach of the new political ec…

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