IMF Working Paper_ Corporate Financial Structure and Financial Stability

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IMF Working Paper_ Corporate Financial Structure and Financial Stability

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This paper examines how corporate financial structure shapes the impact of a financial crisis on the real sector by way of its effects on flows of funds and on corporate real expenditures. It is one of the first papers to utilize extensive cross-country flow and balance sheet data and also to examine subcomponents of GDP in the wake of banking and currency crises rather than focusing exclusively on aggregate GDP.

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