augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption from the … more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

We study the sensitivity of banks' credit supply to small and medium size enterprises (SMEs) in the UK to banks … branches in the UK, we connect firms' access to bank credit to the financial condition (i.e., bank health and the use of core … conditions did not influence credit availability irrespective of the functional distance (i.e., the distance between bank branch …

growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … would bring about. We explore this growth mechanism using a large-scale program to expand the supply of credit to small and … medium enterprises in Brazil. Local credit supply shocks generate greater firm entry but also greater exit with no effect on …

the importance of the interest rate and credit channels on business fixed investment in Germany. We have at our disposal …The transmission channels through which monetary policy affects business investment remain opaque. This paper examines … measure of creditworthiness, we find that credit constraints are important for a subset of firms. Sortings by firm size or …

startup ma nufacturing firms. Access to credit does not appear to explain differences in investment. At least in the early …Is investment constrained more by insecure property rights or by limited external finance? For five transition …

We use Japanese microdata to examine how financial market frictions affect foreign direct investment (FDI). The …

This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained … due to presence/absence of entrepreneurs, i.e., low price of capital in autarky may reflect lack of demand for credit due …

This paper presents a micro data approach to the identification of credit crunches. Using a survey among German firms … which regularly queries the firms' assessment of the current willingness of banks to extend credit we estimate the … probability of a restrictive credit supply policy by time taking into account the creditworthiness of borrowers. Creditworthiness …

financing crunch was broadly based across firms but those firms who really experienced a credit crunch tended to be small and … young, confirming the fact that SMEs tend to suffer more when credit standards are tightened. -- financial crisis … ; financing constraints ; credit rationing ; small and medium-sized enterprises ; survey data …