The Composition Matters : Capital Inflows and Liquidity Crunch During a Global Economic Crisis /
We study whether capital flows affect the degree of credit crunch faced by a country's manufacturing firms during the 2007-09 crisis. Examining 3823 firms in 24 emerging countries, we find that the decline in stock prices was more severe for firms that are intrinsically more dependent on extern...
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| Diğer Yazarlar: | |
| Materyal Türü: | Dergi |
| Dil: | English |
| Baskı/Yayın Bilgisi: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Seri Bilgileri: | IMF Working Papers; Working Paper ;
No. 2009/164 |
| Online Erişim: | Full text available on IMF |