What hinders investment in the aftermath of financial crises insolvent firms or illiquid banks?
"An NBER digest for this paper is available.There are two leading views on how financial crises turn into recessions. The first view highlights the importance of a troubled banking sector that cannot provide credit to domestic firms. The second view stresses the relevance of short-term borrow...
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Sprache: | eng |
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Cambridge, Mass.
2010
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Schriftenreihe: | NBER working paper series
16528 |
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