Prof. Anusha Chari of the University of North Carolina on shocks and capital flows in emerging markets
Scientific Sense ®
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The Predominance of Government Own Banks at an External Crisis Facilitates Identification
After the shock happened, i the ahave of stabilizers built into the policy regime. And as soon as the covic crisis happened, you know, if you look atth the graphs in our papers, is relaxed immediately. The predominance of government own banks at an external crisis facilitates identification. Ah, so iuf untestatisc et that the government own bangs sort of keep firms on a life support, even in that way. You unfortunate shorks are going to be with us.
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