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Do we want these two to tango? : on zombie firms and stressed banks in Europe

Storz, Manuela; Koetter, Michael; Setzer, Ralph; … - Leibniz-Institut für Wirtschaftsforschung Halle - 2017

We show that the speed and type of corporate deleveraging depends on the interaction between corporate and financial sector health. Based on granular bank-firm data pertaining to small and medium-sized enterprises (SME) from five stressed and two non-stressed euro area economies, we show that...

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