Eurozone crisis hit financially constrained firms hardest: IMF paper


The eurozone crisis had a larger impact on firms with greater financial constraints, particularly in countries financially exposed to peripheral euro countries, according to an International Monetary Fund paper, published on Thursday.

Stijn Claessens, Hui Tong and Igor Zuccardi, the paper's authors, examine stock price responses during the past year for 3,045 non-financial firms in 16 countries to analyse what channels affected firm valuations globally during the 2010–11 euro crisis. By

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: