Stucchi, Rodolfo; Arráiz, Irani; Arjona, Marcela Meléndez - Inter-American Development Bank - 2012
This paper studies the effect of government-backed partial credit guarantees on firms' performance. These guarantees are automatically granted to firms without enough collateral in order to lift their credit constraints. We put together a panel, covering the period 1997-2007, that combines data...