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, this paper focuses on the insolvency risk of European SMEs and their access to finance around pandemic. We show that SME … have contributed notably to SME insolvency risk around this period. Heightened insolvency risk results in deterioration in …Covid-19 pandemic poses an existential threat to European SMEs' financial resilience with significant consequences for …
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Soon after the outbreak of the COVID-19 pandemic, many governments began extending financial and other forms of support to micro, small, and medium-sized enterprises (MSMEs) and their workers because smaller firms are more vulnerable to negative shocks to their supply chain, labor supply, and...
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This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...
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