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  • Ana Carla A. Costa, Financial Markets Volatility and Performance in Emerging Markets (University of Chicago Press, 2008), chap. 5, https://www.nber.org/books-and-chapters/financial-markets-volatility-and-performance-emerging-markets/judicial-risk-and-credit-market-performance-micro-evidence-brazilian-payroll-loans.

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A large body of literature has stressed the institution-development nexus as critical in explaining differences in...

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