While the agenda of policymaking during an economic downturn traditionally focuses on the need to support demand, past experience indicates that economic crises are an important catalyst for regulatory reforms. Among the reasons for this pattern, a heightened sense of urgency during crises helps to reduce political resistance and push the agenda forward. Second, crises uncover weaknesses in policies, which were hidden by cyclical performance. Moreover...
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2012/01/01
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Informativo
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67902
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1
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1
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2012/04/05
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Disclosed
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The global economic crisis : a catalyst for regulatory reform in East Asia region
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Gross National Income Per Capita
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