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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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Tong, Hui (Autor), Wei, Shang-Jin (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2009.
Colección:IMF working paper ; WP/09/164.
Temas:
Acceso en línea:Texto completo