that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …

's domestic bank by an internationalized banking group. Our results show that, after the acquisition, firms have a significantly … higher probability of starting export in countries where the consolidated bank has a foreign branch, which proxies for the … mainly reduce firms' fixed entry costs in a foreign market. The analysis also shows that other channels, such as bank credit …

hypothesis. Even after controlling for other factors, firms affiliated to business associations are more likely to secure bank … against the small and medium sized firms' access to bank loans in the CEE regions. Results are robust in both single cross …-section and panel data analyses. -- business networks ; agency costs ; external firm financing ; bank loans ; transition economies …

We exploit organizational reforms in a foreign-owned bank in Central-East Europe to study the implementation of modern …