Is there a link between the level and due date of debts and the economic resilience of small and medium-sized enterprises (SMEs) in Europe to flooding? Vinzenz Peters and Flavio de Carolis (Maastricht University) have been investigating this question as part of their research. According to their findings, employment growth decreases after a flood, especially in SMEs with high short-term and low long-term debt.
Their research findings have been published in the working paper series of De Nederlandsche Bank, the Dutch central bank.
