What determines the likelihood of structural reforms?

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 external c...

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Bibliographic Details
Main Authors: Luca Agnello, Vitor Castro, Joao Tovar Jalles, Ricardo M. Sousa
Format: Default Article
Published: 2014
Subjects:
Other economics not elsewhere classified
Structural reforms
Recessions
Globalisation
Crisis episodes
Political setup
Economics not elsewhere classified
Online Access:https://hdl.handle.net/2134/25015
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