Cirmizi, Elena; Klapper, Leora; Uttamchandani, Mahesh - In: World Bank Research Observer 27 (2012) 2, pp. 185-203
The 2008 financial crisis was followed by a global economic downturn, a credit crunch, and a reduction in cross-border lending, trade finance, and foreign direct investment, which adversely affected businesses around the world. The consequent increase in the number of firm insolvencies in the...