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Financial crises result in price and quantity rationing of otherwise creditworthy business borrowers, but little is known about the relative severity of these two types of rationing, which borrowers are rationed most, and the roles of foreign and domestic banks. Using a dataset from 50 countries...
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This paper explores insolvency and debt recovery procedures, and political, legal, and institutional factors … structures and the depth of recessions across economies. Second, aspects of insolvency procedures favoring rehabilitation of …
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