Demand Collapse or Credit Crunch to Firms? Evidence from the World Bank's Financial Crisis Survey in Eastern Europe

While there is a consensus that the 2008-2009 crisis was triggered by financial market disruptions in the United States, there is little agreement on whether the transmission of the crisis and the subsequent prolonged recession are due to credit fa...

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Bibliographic Details
Main Authors:	Nguyen, Ha, Qian, Rong
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO CREDIT ACCESS TO FINANCE ADVERSE EFFECT BALANCE SHEET BALANCE SHEETS BANK LIQUIDITY BANKRUPTCY BANKS BUSINESS ENVIRONMENT BUSINESS ESTABLISHMENTS CAPITAL EXPENDITURES CASH FLOW CASH FLOWS CONSUMERS CREDIT CRUNCH CREDIT CRUNCHES CREDIT MARKET CREDIT NEEDS CREDIT PROBLEM CREDIT RELATIONSHIP DEBT DEMAND CURVE DEMAND DECLINES DEVELOPMENT POLICY EARNINGS ECONOMETRIC ANALYSIS ECONOMIC CRISIS ECONOMIC POLICY EMERGING MARKET EMPLOYMENT EXPENDITURE EXPENDITURES EXPORTS EXTERNAL FINANCE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL NEED FINANCIAL RESOURCES FIRM SIZE FIRM SIZES FIRMS FIRST CREDIT FISCAL POLICIES FIXED ASSETS HOUSEHOLDS INTERNATIONAL BANK LACK OF ACCESS LENDERS LIQUIDITY LOAN LOAN GUARANTEES MACROECONOMICS MORTGAGE POLITICAL ECONOMY PRICE DECLINES PRODUCTIVITY RECESSION RECESSIONS REGULATORY POLICY RETAIL RETAINED EARNINGS SALE SALES SMALL FIRM SMALL FIRMS STOCK PRICES STOCKS SUPPLIERS TOTAL OUTPUT WEALTH WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2013/10/18372136/demand-collapse-or-credit-crunch-firms-evidence-world-banks-financial-crisis-survey-eastern-europe http://hdl.handle.net/10986/16865

Internet

http://documents.worldbank.org/curated/en/2013/10/18372136/demand-collapse-or-credit-crunch-firms-evidence-world-banks-financial-crisis-survey-eastern-europe
http://hdl.handle.net/10986/16865

Demand Collapse or Credit Crunch to Firms? Evidence from the World Bank's Financial Crisis Survey in Eastern Europe

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