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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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The COVID-19 lockdowns have brought about the need of large fiscal responses in all European countries. However, countries across Europe are differently equipped to respond to the shock due to differences in economic conditions and fiscal space. We build on the model by Berger and others (2019)...
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Singapore is one of the world's most open economies, with the size of its trade reaching about 350 percent of its GDP … global supply chain with heavy reliance on foreign contents in its exports and production. It has also successfully moved up … participation in global production chains and rising export complexity are important determinants …
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securities. Looking forward, EMs liaison with International Central Securities Depositories (ICSDs), and global banks' balance …
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The COVID-19 pandemic has led to an unprecedented collapse in global economic activity and trade. The crisis has also … highlighted the role played by global value chains (GVC), with countries facing shortages of components vital to everything from …
Persistent link: https://www.econbiz.de/10012252668
We revisit the relationship between international trade, economic growth and inequality with a focus on Latin America and the Caribbean. The paper combines two approaches: First, we employ a cross-country panel framework to analyze the macroeconomic effects of international trade on economic...
Persistent link: https://www.econbiz.de/10011716658