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Financial sector reform in the Baltic countries is reviewed in light of the banking crises that emerged during the reform period. It is argued that the crises had their roots in the structural deficiencies specific to planned economies and the financial environment that developed before and...
Persistent link: https://www.econbiz.de/10014398351
The paper discusses the role the financial sector can play in supporting growth in Japan. While overall credit …). Firm-level SME data and sectoral corporate balance sheets show that many SMEs have faced structural challenges of high … support measures should be phased out and SME restructuring be accelerated. Efforts are also needed to deepen capital markets …
Persistent link: https://www.econbiz.de/10012671534
Persistent link: https://www.econbiz.de/10010388731
(SMEs) in the world. The paper provides empirical evidence on the drivers of SME access to finance for a large sample of … development and better governance would help close the SME financial inclusion gap between MENAP and CCA regions and the best …
Persistent link: https://www.econbiz.de/10012251308
This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing finance by Canadian households (particularly non-prime borrowers) against the background of a fairly concentrated and protected banking industry. It finds access broadly adequate...
Persistent link: https://www.econbiz.de/10014401481
The monetary transmission mechanism in the euro area has been adversely affected by the recent crises. Using survey data on thousands of euro area firms, we study factors that affect the access to finance of SMEs. We find that changes in bank funding costs and borrower leverage matter for...
Persistent link: https://www.econbiz.de/10014411219
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate that...
Persistent link: https://www.econbiz.de/10010479342
For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system …
Persistent link: https://www.econbiz.de/10014399939
expectations using asset price data for Japan over the 1980s and 1990s …
Persistent link: https://www.econbiz.de/10014404180
Using data from the US, UK, Japan and Canada, this paper provides evidence on the benefits to an economy from …
Persistent link: https://www.econbiz.de/10014403532