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A credit squeeze will hit those still depending on external financing.
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In a paper in 1996, Mr Rajan and Luigi Zingales, also of the University of Chicago, argued that the more a company depends on external financing such as bank loans or issues of stocks and bonds, rather than internal cashflow, the more sensitive its fortunes are to the health of the financial system.
T levels can rise and fall depending on external circumstances -- short term and long term.
The capsules insulate and release heat by changing from solid-to-liquid depending on external temperatures.
Eastern European countries talking to the fund are disproportionately dependent on external financing and foreign banks.
"The other issue is their dependence on external financing," says Hauner.
Despite this continued dependence on external finance, the minister has re-affirmed that external debt must be sustainable in the medium and long terms.
"The UK's record-high current account deficit and attendant reliance on external financing exacerbates these risks.
Such endurance depends on external factors.
The invention of the elevator depends on external innovations, too.
Who will support small rural schools that depend on external networks?
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