found that the firms with medium dividend pay-out ratios are constrained in the loans market so far as investment in fixed …

. This paper makes a contribution to current empirical literature by examining the effects of public funding on credit … being credit rationing …

This paper presents an additional credit channel for monetary policy that would arise in the presence of credit … aggregate output through its effect on the severity of credit rationing even in the absence of price stickiness. This is because … extend credit to less creditworthy firms. This ``credit rationing effect" is absent in the conventional balance-sheet channel …

It is a widely held perception, although empirically contentious, that credit rationing is an important phenomenon in …) in 1981. In this paper we use a unique dataset comprised of small firms facing a very real, and binding, credit … access to debt finance for small credit constrained firms. The results broadly support the view that the SFLGS has fulfilled …

increases after the emergence of banking but remains under its potential level. This is due to a credit rationing brake which … decreases progressively as the economy develops. Another finding is that a reduction of credit market imperfection reduces the … credit rationing stage. …

Without denying the importance of asymmetric information, this article purports the view that credit rationing may also … to the qualitative features of prospective borrowers. Even without information asymmetries, credit rationing may occur if …