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We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
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One of the most sustained uses of economic warfare by the United States occurred in Spain during WWII. We provide an overview of this episode based on the secondary literature and new research in the Spanish archives. We focus on three key battles: (1) an oil embargo against Spain in the summer...
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Over the last 15 years, Portugal and the United States have had the same average unemployment rate, about 6.5%. But … behind these similar rates hide two very different labor markets. Unemployment duration in Portugal is more than three times … that of the United States. Symmetrically, the flow of workers into unemployment in Portugal is, in proportion to the labor …
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Am 17 April 2008 stellte die Projektgruppe Gemeinschaftsdiagnose in Berlin ihr Frühjahrsgutachten der Presse vor. Ihrer Ansicht nach wird die Weltwirtschaft von der Krise des Immobilien- und des Finanzsektors in den USA und den von ihr ausgelösten weltweiten Finanzmarktturbulenzen...
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Even though the automobile industry is technologically advanced, the increasing integration of low-income countries into the global division of labor has put competitive pressure on traditional automobile producing countries. New end-producers emerged in Asia, Latin America as well as Southern...
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