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instrumental for the increase of debt levels. Firms in countries with more credit restrictions take on more debt when the economy …
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over the amount of bankruptcies and judicial reorganizations, and the firms' access to credit. Making use of econometric … a significant way as well as the requirement of judicial reorganizations. Finally, using sectorial aggregated credit … data, we find an expansion of the credit market, mainly to commercial, rural and services sectors. Additionally we did not …
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