Julian Oliver Dörr, Georg Licht and Simona Murmann

Author Archive | Julian Oliver Dörr, Georg Licht and Simona Murmann

working_paper_2021_49

Small Firms and the COVID-19 Insolvency Gap

COVID-19 placed a special role on fiscal policy in rescuing companies short of liquidity from insolvency. In the first months of the crisis, SMEs as the backbone of Germany’s economy benefited from large and mainly indiscriminate aid measures. Avoiding business failures in a whatever- it-takes fashion contrasts, however, with the cleansing mechanism of economic crises: […]

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working_paper_2021_47

Small Firms and the COVID-19 Insolvency Gap

COVID-19 placed a special role on fiscal policy in rescuing companies short of liquidity from insolvency. In the first months of the crisis, SMEs as the backbone of Germany’s economy benefited from large and mainly indiscriminate aid measures. Avoiding business failures in a whatever- it-takes fashion contrasts, however, with the cleansing mechanism of economic crises: […]

Continue Reading