Credit rationing is a classical phenomenon studied for a long period but the last financial crisis put it in the news … situation. This paper tries to estimate the scale of credit rationing for French SMEs over the period 2000-2008. French SMEs … seem rationed throughout the period and especially in 2008, the year of financial crisis. The most rationed SME are younger …

I present a model in which credit and outside money can be used as means of payment in order to analyze how access to … credit affects welfare when credit markets feature limited participation. Allowing more agents to use credit has an ambiguous … credit-card transactions and show that the increase in access to credit from 1990 to the near present has had a slightly …

different currencies, along with strictly positive conversion costs. A necessary condition for this is that credit market …

shows the impacts of credit rationing and tightening credit conditions, even in the syndicated loans market. We investigate …

with support from international institutions. But deep reform is also required. This could be an opportunity for States to …