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This article, co-written by Associate Professor of Finance Lars Norden, reports on a recent study that shows how good intentions went wrong in the Spanish banking system: liberalisation led to a differential in risk taking that was related to the governance problems in the savings-bank industry.
This article, co-written by Associate Professor of Finance Lars Norden, reports on a recent study that shows how good intentions went wrong in the Spanish banking system: liberalisation led to a differential in risk taking that was related to the governance problems in the savings-bank industry.