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This paper uses flow-of-funds and balance sheet data to analyze the impact of financial crises on corporate financing and GDP in a range of countries. Post-crisis GDP contractions are mainly accounted for by declines in investment and inventory and are more severe for emerging market countries....
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mechanism to extend the first to include all sectors because the high debt burdens the world suffers from are neither only …
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, deregulation and liberalization have characterized financial globalization, giving rise to the financialization of the economy …
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