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Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...
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these economic parameters which may affect this process in a significant way and decide the risk of its occurrence. This is …
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shocks and risk shocks working through credit market frictions. The findings of this analysis indicate that risk shocks play …
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