Endrész, Marianna; Harasztosi, Péter - Magyar Nemzeti Bank (MNB) - 2014
balance sheet effects – whether the large domestic currency depreciation observed during the great recession resulted in lower … and non-traded firms. During the crisis the investment rate of firms with FX loans declined more because of balance sheet … effects triggered by the depreciation. More liquidity constrained firms suffered more. On the other hand, the evidence on the …