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Show Me the Money; Access to Finance for Small Borrowers in Canada
Klyuev, Vladimir - International Monetary Fund (IMF) - 2008
This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing finance by Canadian households (particularly non-prime borrowers) against the background of a fairly concentrated and protected banking industry. It finds access broadly adequate...
Persistent link: https://www.econbiz.de/10005769089
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Sudden Stops, Output Drops, and Credit Collapses
Dagher, Jihad - International Monetary Fund (IMF) - 2010
Southeast Asian firms during the Asian crisis. The model, which features trend shocks and financial frictions, is able to … generate the main patterns observed in the sample during and following the Asian crisis, including the ensuing credit …
Persistent link: https://www.econbiz.de/10008646413
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Japan; Financial Sector Assessment Program—Technical Note on Credit Intermediation
International Monetary Fund (IMF); International … - 2012
This paper is an analysis of Japan’s credit channel. The economic condition has no hindrance, but credit demand showed an inert performance. The state’s policies have helped the flow of finance and prevent bankruptcy, but several other aspects act as an impediment to credit...
Persistent link: https://www.econbiz.de/10011244991
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Public Financial Institutions in Developed Countries; Organization and Oversight
Ratnovski, Lev; Narain, Aditya - International Monetary Fund (IMF) - 2007
While public financial institutions (such as public development banks) are commonly associated with developing countries, in fact they are prevalent in the developed world as well. We study a sample of public financial institutions in industrialized countries and identify dominant trends in...
Persistent link: https://www.econbiz.de/10005826304
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Republic of Korea; Selected Issues
International Monetary Fund (IMF); International … - 2010
This paper analyzes the implications of global rebalancing in the post-crisis period for Korea and how high leverage in …
Persistent link: https://www.econbiz.de/10011243587
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What Causes Firms to Hide Output? the Determinants of Informality
Inchauste, Gabriela; Gradstein, Mark; Dabla-Norris, Era - International Monetary Fund (IMF) - 2005
In many developing countries, a significant part of economic activity takes place in the informal sector. Earlier work has examined the determinants of the size of the informal sector, focusing separately on factors such as tax and regulation burden, financial market development, and the quality...
Persistent link: https://www.econbiz.de/10005769293
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Enterprise Restructuring and Transition; Evidence From the Former Yugoslav Republic of Macedonia
Zalduendo, Juan - International Monetary Fund (IMF) - 2003
This paper reviews developments in corporate performance in the FYR Macedonia during the 1990s. The paper finds substantial differences in performance between surviving old firms and nimbler new ones. The paper reviews factors that facilitated restructuring among surviving firms, and concludes...
Persistent link: https://www.econbiz.de/10005599589
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Are the French Happy with the 35-Hour Workweek?
Estevão, Marcello M.; Sa, Filipa - International Monetary Fund (IMF) - 2006
Legally mandated reductions in the workweek can be either a constraint on individuals' choice or a tool to coordinate individuals' preferences for lower work hours. We confront these two hypotheses by studying the consequences of the workweek reduction in France from 39 to 35 hours, which was...
Persistent link: https://www.econbiz.de/10005599717
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What Role Can Financial Policies Play in Revitalizing SMEs in Japan?
Lam, Raphael W.; Shin, Jongsoon - International Monetary Fund (IMF) - 2012
). Firm-level SME data and sectoral corporate balance sheets show that many SMEs have faced structural challenges of high … leverage and low profitability. Moreover, the global financial crisis has weakened the financial position across SMEs … support measures should be phased out and SME restructuring be accelerated. Efforts are also needed to deepen capital markets …
Persistent link: https://www.econbiz.de/10010790387
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Intangible Capital, Relative Asset Shortages and Bubbles
Giglio, Stefano; Severo, Tiago - International Monetary Fund (IMF) - 2011
We analyze an overlapping generations economy with financial frictions and accumulation of both physical and intangible capital. The key difference between them is that intangible capital cannot be used as collateral for borrowing. As intangibles become more important in production, financial...
Persistent link: https://www.econbiz.de/10009370542