Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization
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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 liberalization in 28 mature and emerging economies since 1973. We also construct an algorithm to identify booms and busts in stock market
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美国国家经济研究局创建时间：
2003-06-01
