Crises, Reforms and Growth: A Non-Technical Summary of Recent Empirical Work

Three studies produced at the UNWE Department of Economics since 2010 and issued as CERGE-EI Working Papers address three policy-relevant empirical issues in the aftermath of the Great Recession. First, how do banking crises affect financial reforms? Second, do countries that reform their financial, product, and labor markets show a similar growth pattern? Third, if some countries benefit more from reforms, could this be attributed to the fact that various economies have markedly different firm-size distributions? The article offers a brief overview of those three studies and presents their contributionsbanking crises, financial reforms, deregulation, growth acceleration, firm size, market liberalizatio