Covid-19 SME evergreening proposal: Inverted economics by Markus Brunnermeier and Arvind Krishnamurthy (3/2020).
“The Challenge for SMEs
Corporate cash flow is collapsing on an unprecedented scale in wide swaths of the American economy. The service sector and similar sectors that depend on faceto-face transactions are likely to be severely affected by the COVID19-recession. Yet the current situation is markedly different from a typical recession. While in a typical recession revenues might drop by 10%, currently a drop of up to 100% is possible…”
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