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During the 2008- 09 Global Financial crisis (GFC) and the European Sovereign crisis (ESC) banks interrupted lines of credits to non-financial corporations. Explain how the

  • During the 2008- 09 Global Financial crisis (GFC) and the European Sovereign crisis (ESC) banks interrupted lines of credits to non-financial corporations. Explain how the forbearance lending contributed to the low output growth experienced after the GFC and ESC by economies/firms

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