Trade Credit versus Bank Credit during Financial Crises
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چکیده
منابع مشابه
What Hinders Investment in the Aftermath of Financial Crises: Insolvent Firms or Illiquid Banks?∗
We quantify the effects of lending and balance sheet channels on corporate investment during large crises in emerging markets. The depreciated currency creates investment opportunities in the tradable sector but firms might be financially constrained due to: 1) a deterioration of their balance sheet via un-hedged foreign currency debt (balance sheet channel) and 2) a decline in the supply of cr...
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