Series: IMF Working Papers
Author(s): Jihad Dagher
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2010
Keywords: Financial liberalization, welfare gain, financial deepening, small firms, debt, investment, dividends, interest, Financial Institutions and Services: Government Policy and Regulation,
This paper proposes a tractable Sudden Stop model to explain the main patterns in firm level data in a sample of Southeast Asian firms during the Asian crisis. The model, which features trend shocks and financial f...