The composition matters : capital inflows and liquidity crunch during a global economic crisis /
We study whether capital flows affect the degree of credit crunch faced by a country's manufacturing firms during the 2007-09 crisis. Examining 3823 firms in 24 emerging countries, we find that the decline in stock prices was more severe for firms that are intrinsically more dependent on extern...
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| Main Authors: | , |
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| Corporate Author: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
©2009.
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| Series: | IMF working paper ;
WP/09/164. |
| Subjects: | |
| Online Access: |
Full text (Emmanuel users only) |