The ability of a nation to resist a crisis depends on the institutional or spatio-temporal fixes it possesses, which can buffer the effects of the crisis, switch the crisis to other nations or defer its effects to the future. Corporate governance configurations in a given country can function as institutional or spatio-temporal fixes provided they are positioned within an appropriate institutional environment that can give rise to beneficial complementarities. |
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Journal | The Dovenschmidt Quarterly, Issue 1 2014 |
Keywords | Great Recession, Germany, corporate governance, institutional complementarity, EMU |
Authors | Pavlos E. Masouros |
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