channels through which credit affects growth on the micro-level is scant. Using data from a cross section of Bulgarian firms …, the authors estimate the impact of access to credit (as proxied by indicators of whether firms have access to a credit or …' past growth to instrument for access to credit. The authors find credit to be positively and strongly associated with total …

the bank credit crunch. The results are consistent with the "redistribution view" of trade credit provision, in which bank …"The authors study the effect of financial crises on trade credit in a sample of 890 firms in six emerging economies …. They find that although provision of trade credit increases right after the crisis, it consequently collapses in the …

access to credit"--World Bank web site …"The aim of this paper is to understand the mechanism underlying access to credit. Gine focuses on two important … aspects of rural credit markets in Thailand. First, moneylenders and other informal lenders coexist with formal lending …

law increased the efficiency of the bankruptcy system in Colombia. "--World Bank web site …

The legal and institutional framework governing creditor rights and insolvency proceedings in Chile reasonably complies … with expectations of a modern, credit-based economy, although some shortcomings affect the full effectiveness of credit … enjoying such instruments use ordinary proceedings whose duration is even longer (3 to 5 years). Insolvency legislation is …

The Bank assessed the Mauritius insolvency and creditor rights systems pursuant to a joint IMF-World Bank initiative to …, corporate insolvency and credit risk management and resolution practices. Conclusions in this assessment are based largely on a … develop reports on the observance of standards and codes ("ROSC"), based on the Bank Principles and Guidelines for Effective …

The importance of a modern, binding and effective insolvency regime is undeniable. Nearly 90 countries around the world … of the key aspects in the reform process is the delicate balance addressed by a modern insolvency system which encourages … of insolvent companies high on the policy agenda. The three fundamental goals of any insolvency law are: 1) transparency …