This paper surveys the economic literature on the links between finance, law and growth in the Central and Eastern … based on an adequate legal system it can positively contribute to economic growth. However, the financial system in CEE … enterprises combined with credit rationing of small and medium sized private enterprises. During the last years, formal …

-defined bank lending rationed and non rationed firms, interfirm credit received is, if ever, only slightly more expensive than bank … credit. Cross-section econometric analysis, besides establishing the greater reactivity of credit received rather than … granted to the external funds implicit cost, finds that the discount offered for early payments affects significantly credit …

horizon dynamic contracting model between a borrower and a lender with the following features: The borrower, is credit … possibility of financing projects, (ii) the economy exhibits investment cycles, (iii) credit is rationed if either the lender has …

This paper analyzes sequential games of double-sided Bertrand competition in the deposit and credit markets, when banks …

This paper presents an overlapping generations model with technology choice and credit market imperfections, in order … credit rationing, however, this technological switch widens inequality. Therefore, risk-averse agents would not be willing to …

Some empirical investigations are pointing to the fact that high-tech firms are subject to credit rationing to a higher … extent than the average. This excess of credit rationing may not be due to information asymmetries, but rather to the … inability of credit institutions to screen projects in novel fields. This article provides a model of this phenomenon and …

results and serves as a good supplement. This paper relates credit rationing directly to bankruptcy cost. It is shown that … credit rationing, characterized as a loan amount granted less than requested, becomes more severe as bankruptcy cost rises … business reduces credit rationing, therefore, enhance lending. …

changes, in the sense that the good done to growth by rising remittances is not as great as the bad done by falling …