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Have the recent bank failures caused by the credit crunch

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1. The law and ?nance literature, which argues that the main driver of corporate governance is the quality of law and its enforcement, have recently faced two types of criticism. What are these criticisms?

2. Have the recent bank failures caused by the credit crunch proved false some of the classi?cations of corporate governance systems and/or their premises? Explain why or why not.

Reference no: EM13894005

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