Crisis measures assisted financially distressed firms: IMF paper
Bank recapitalisation policies during the financial crisis to address supply-side financial frictions boosted growth prospects for financially dependent firms, a paper by the International Monetary Fund, published on Wednesday, says.
Luc Laeven and Fabian Valencia, the paper's authors, assess the importance of supply-side credit market frictions by studying the impact of financial sector recapitalisation packages on the growth performance of firms in a large cross-section of 50 countries during
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