Feijen, Erik (contributor); Perotti, Enrico C. (contributor) - 2006
the level of indus-
try and country. Consistent with the model, producer margins during banking crisis are higher for … 10 years and creditors ultimately
receive very little (Foley, 1999). For evidence from the Asian crisis that tunnelling …).
Financial constraints are also critical to the work by Caballero and Krishnamurty (2003), who
model an emerging market crisis …