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firms that are more dependent on external finance experienced greater export contraction during the crisis. Our regression … analysis suggests that the financial vulnerability of firms, measured by various financial ratios, did not contribute to export … or receivables suffered larger drops in export growth during the crisis. …
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"The explosive growth and increasing complexity of global financial markets are defining characteristics of the contemporary world economy. Unfortunately, financial globalization has been accompanied by a marked increase in the frequency and severity of financial crises. The International...
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