Kalemli-Ozcan, Sebnem; Kamil, Herman; Villegas-Sanchez, … - National Bureau of Economic Research (NBER) - 2010
We quantify the effects of the lending and balance sheet channels on corporate investment, by comparing the performance of foreign-owned exporters to that of domestic during two types of financial crises: "currency" and "twin." A currency crisis involves a depreciated currency, whereas a twin...