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bank credit for SMEs, the consequences of Basel II on credit risk analysis and SMEs' possible strategic replies were …
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This paper shows that, with pre-set price and capital decisions of firms facing uncertainty and credit rationing, price …
Persistent link: https://www.econbiz.de/10005036217
of credit to SMEs over the recent period was "demand driven" as a result of the decrease in firms' activity and … investment projects or was "supply driven" with an increase in credit "rationing" stemming from a more cautious behavior of banks … granting credit, French SMEs do not appear to have been strongly affected by credit rationing since 2008. This result goes …
Persistent link: https://www.econbiz.de/10010592256
This paper shows that, with pre-set price and capital decisions of firms facing uncertainty and credit rationing, price …
Persistent link: https://www.econbiz.de/10005487059
With the Euro Area context in mind, we show that currency arrangements impact on credit available through default … incentives. To this end we build a symmetric two-country model with money and imperfect credit market integration. Differences in … credit market integration are captured by variations in the cost for banks to grant credit for cross-border purchases. We …
Persistent link: https://www.econbiz.de/10011199814
credit market integration across jurisdictions impact the desirability of a currency union. We show that when those … impediments induce a higher cost for banks to manage cross-border credit compared to domestic credit, welfare may not be maximal …
Persistent link: https://www.econbiz.de/10010816016
Due to the unobservability of the new credit production, most of the empirical loan market studies use, instead, the … observable credit stock. This substitution has been pointed out to be likely to generate biases (e.g. see Lown and Peristiani …
Persistent link: https://www.econbiz.de/10005036188