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Does low leverage minimise the impact of financial shocks? ..:

Ouatik El-Alaoui, AbdelKader ; Ismath Bacha, Obiyathulla ; Masih, Mansur.
Journal of International Financial Markets, Institutions and Money.  57 (2018)  - p. 160-184 , 2018
Link: https://doi.org/10.1016/j.intfin.2018.07.007