Brown, Martin; Ongena, Steven; Yesin, Pinar - C.E.P.R. Discussion Papers - 2009
corresponding credit risk. We then test the implications of our model by using a 2005 survey with responses from 9,098 firms in 26 … transition countries. The survey contains details on 3,105 recent bank loans. At the firm level, our findings suggest that firms …. However, foreign bank presence, weak corporate governance and the absence of capital controls encourage foreign currency …