the impact of this ownership type on access to credit in the region is scarce. Yet the issue is key for understanding … paper contributes to closing this knowledge gap by examining the links between family ownership and credit constraints of … SMEs in Egypt, Jordan, Morocco, and Tunisia. We found that while family-owned firms have a higher need for credit than …

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. …

This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle … financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …

This paper examines a much overlooked link between credit markets and formalization: since access to bank credit … bank credit is more widely available at lower cost; if so, well-functioning credit markets help foster formal employment at … the expense of informal jobs. We gauge the relevance of this credit channel using the Rajan-Zingales measure of financial …