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During the past decades, firms from emerging economies have significantly increased the amount of financing obtained in capital markets. Whereas the literature argues that international markets have been an important contributor to this process, the role of domestic markets is mostly unknown. By...
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This paper examines the effect of Basel III implementation on the access to finance of small and medium …
Persistent link: https://www.econbiz.de/10012167938
This paper provides evidence that commercial lenders in Peru free ride off their peers' screening efforts. Leveraging a discontinuity in the loan approval process of a large bank, the study finds that competing lenders responded to additional loan approvals by issuing approvals of their own....
Persistent link: https://www.econbiz.de/10012167970
Many microenterprises in developing countries have high returns to capital, but also face risky revenue streams. In principle, equity offers several advantages over debt when financing investments of this nature, but the use of equity in practice has been largely limited to investments in much...
Persistent link: https://www.econbiz.de/10012008321
Ceilings on lending rates remain a widely used policy tool that is intended to lower the overall cost of credit or protect consumers from exorbitant rates. Interest rate caps come in many forms and scopes and, according to their rationale, ceilings can affect a small segment or the overall...
Persistent link: https://www.econbiz.de/10011843874
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to finance, emphasizing their dependence on credit and cash flows. This study presents a new approach to the estimation …. It estimates both supply of and demand for MSME finance on a global scale, which has never been done in a comprehensive … categories, and applies this benchmark to MSMEs in developing countries. It estimates the MSME finance gap as the difference …
Persistent link: https://www.econbiz.de/10012645071
, which emphasizes the need of improving SME access to finance, along with other critical factors for SME growth. The … access to finance, as a part of the overall government objective to increase the contribution of SMEs to the Russian economy … (2) the evolving role of the SME development institutions in creating new markets for SME finance and crowding in private …
Persistent link: https://www.econbiz.de/10012646624