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, business cycle volatility, and firm´s capital structure. We gauge these effects within the Financial Accelerator framework … aggregate volatility. These features are consistent with the macroeconomic dynamics of the more globally integrated economies …
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Developing economies are seeking to promote financial inclusion, i.e., greater access to financial services for low-income households and firms, as part of their overall strategies for economic and financial development. This raises the question of whether financial stability and financial...
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