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Small businesses often face problems in obtaining credit. One reason for this may be the lack of collateral. In addition, banks can find it difficult to evaluate the creditworthiness of these borrowers. As an answer to these problems, many countries worldwide have established credit guarantee...
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The economic policy response to COVID-19 lockdowns included a variety of measures. Their effects on non-financial firms, however, remain unclear. To shed light on the effect of transfers, we investigate the effect of German emergency aid transfers (November-December aid), a program designed for...
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