Banks and stock markets play distinct roles in helping exporters survive in foreign markets, conditional on the specific financial needs of exported products. Stock markets rather than banks help exporters who lack easily collateralizable tangible assets. Active rather than large stock markets promote exports of products requiring high levels of working capital. And the trade credit can act as a substitute for external financing only from banks and...
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INFORMATION
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2023/04/11
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Document de travail de recherche sur les politiques
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WPS10403
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1
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2023/04/11
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Disclosed
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Export Survival : The Role of Banks and Stock Markets