NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Corporate Debt, Firm Size and Financial Fragility in Emerging Markets

Laura Alfaro, Gonzalo Asis, Anusha Chari, Ugo Panizza

NBER Working Paper No. 25459
Issued in January 2019

---- Acknowledgments ----

We thank the editor and two referees for insightful comments and suggestions. We also thank participants at NBER conference Capital Flows and Debt in Emerging Markets, CEPAL conference on Debt and Economic Growth, and Luis Servén and Ramón Piñeda for helpful discussions, Carmen Reinhart, Hyun Song Shin, Sebnem Kalemli-Ozcan, Nicholas Magud, Alberto Martin and Sergio Schmukler for thoughtful comments and suggestions. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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