%PDF-1.5 % 1 0 obj << /S /GoTo /D (section.1) >> endobj 4 0 obj (1 Introduction) endobj 5 0 obj << /S /GoTo /D (section.2) >> endobj 8 0 obj (2 The institutional background) endobj 9 0 obj << /S /GoTo /D (section.3) >> endobj 12 0 obj (3 Data description and sample selection rules) endobj 13 0 obj << /S /GoTo /D (section.4) >> endobj 16 0 obj (4 Identification strategy and regression model) endobj 17 0 obj << /S /GoTo /D (subsection.4.1) >> endobj 20 0 obj (4.1 Quantile regression model) endobj 21 0 obj << /S /GoTo /D (section.5) >> endobj 24 0 obj (5 The effects of the 1990 reform) endobj 25 0 obj << /S /GoTo /D (subsection.5.1) >> endobj 28 0 obj (5.1 Robustness checks) endobj 29 0 obj << /S /GoTo /D (section.6) >> endobj 32 0 obj (6 The Role of Financial Market Imperfections) endobj 33 0 obj << /S /GoTo /D (section.7) >> endobj 36 0 obj (7 Conclusion) endobj 37 0 obj << /S /GoTo /D (appendix.A) >> endobj 40 0 obj (A Additional Tables) endobj 41 0 obj << /S /GoTo /D [42 0 R /FitH] >> endobj 44 0 obj << /Length 2268 /Filter /FlateDecode >> stream xڕXYs~ׯ[*)yDJ*} 5.Ɋ|L;b>ly٫K8*GQ~%a$yiܮUEuwX,C?p?uPi_[WeޙAW2ⳏ u~س%^2HW"U7k9wQexh-\bz4)JtmmB3u(G)/〬SI$^"B922/!X/Y3)ޚfr[FN)q2'2x>%+=FrFQw"!wFwksTϟag?QbG44x.럔ECLcD'Sl.q%*FhÿLzS&aw%A\8?̌r/O <2,E]?tN{u͎/94Eve62ʮ( ,h^k&K3Ŗfn;O@xJN*)̤a3e^ ]zKqo*RE^E T/%nEO{]l2)rRrMH3hu:쩃oh&(`XZ (J%\Slo2)bl72Wz U 1d Yzl4n0Jː&NVn͵kDvr'!nP@Nn؊ݧ)N +f -kZ{=Ȫ m8-!,禄S$(`"iPa`SQWx0IJWo?'ԭJ#{%16QfKf.)%v[v3uOAb_RvT&qYW؏'ltTt33iu)L]#ߡ L4Ee#YIN0Q@Ňj Ԋ1 @]$pd}*X"qS "no
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