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Technological capacity and firms’ recovery from Covid-19

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by Sebastian Doerr, Magdalena Erdem, Guido Franco, Leonardo Gambacorta and Anamaria IllesBased on a large sample of firms in 17 countries, this paper shows that businesses headquartered in countries with better digital capabilities - as measured by their position in the World Digital Competitiveness Ranking - had higher revenues during the pandemic relative to their ...

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by Sebastian Doerr, Magdalena Erdem, Guido Franco, Leonardo Gambacorta and Anamaria Illes
Based on a large sample of firms in 17 countries, this paper shows that businesses headquartered in countries with better digital capabilities - as measured by their position in the World Digital Competitiveness Ranking - had higher revenues during the pandemic relative to their pre-pandemic trend.
International Settlement
The Bank for International Settlements (BIS) is an international company limited by shares owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through subcommittees, the secretariats it hosts and through an annual general meeting of all member banks. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

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