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corporate debt ratio prior to the crisis and crisis-induced contractions in corporate investment and GDP. The results indicate a … solely the level of debt immediately before the crisis. The paper has several important implications for crisis prevention …
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This paper presents principles that could guide the design of more targeted policy support and facilitate the restructuring of firms adversely impacted by the COVID-19 pandemic. To this end, the paper takes stock of vulnerabilities and risks in the enterprise sector and assesses countries'...
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