Showing 1 - 10 of 202
This working paper investigates the economic effects of guaranteed loans granted under the EU programmes MAP and CIP on SMEs' growth in Italy, the Benelux and the Nordic countries (Denmark, Finland, Norway and Sweden) from 2002 to 2016. In these macro-regions, the facilities supported 174,107...
Persistent link: https://www.econbiz.de/10011963850
Imperfect capital markets and commitment problems impede lumpy human capital investments. Labeled loans have been postulated as a potential solution to both constraints, but little is known about the role of the label in influencing investment choices in practice. We draw on a cluster randomized...
Persistent link: https://www.econbiz.de/10014371953
’ Mission. Linking our survey data to government, MFI and credit bureau administrative data, we make two contributions: first … behaviour. By testing empirical predictions of a simple model, we demonstrate that this ubiquitous credit characteristic plays …-post-verification subsidy provision by relaxing sanitation credit constraints for subsidy ineligible households, and by providing bridge and …
Persistent link: https://www.econbiz.de/10012822354
This paper evaluates the effectiveness of easing credit constraints for rural producers in Mexico through loans … differential impacts of providing liquidity for working capital versus providing credit for investments in fixed assets. It finds … credit constraints, regardless of the type of loan used for that purpose. …
Persistent link: https://www.econbiz.de/10012583895
This paper provides a pan-European assessment of EU credit guarantees to SMEs. Synthesizing past research, it …
Persistent link: https://www.econbiz.de/10012021696
Government policies that attempt to alleviate credit constraints faced by small and young firms are widely adopted … across countries. We study the aggregate impact of such targeted credit subsidies in a heterogeneous firm model with …. While credit subsidies resolve misallocation of resources and enhance aggregate productivity, increased factor prices, in …
Persistent link: https://www.econbiz.de/10011756140
This paper provides a policy-oriented summary of the econometric study commissioned by the European Court of Auditors, in the context of its audit of EU-funded loan guarantee instruments.2 The study assesses the real performance effects of EU-guaranteed loans to SMEs disbursed in France during...
Persistent link: https://www.econbiz.de/10011939685
Persistent link: https://www.econbiz.de/10015064194
business cycle model for emerging market economies with production and an occasionally binding credit constraint. The main …
Persistent link: https://www.econbiz.de/10010246564
Research subject of this paper is the credit transmission mechanism in the Republic of Macedonia or in other words this …. The credit transmission is analyzed through its narrow nature or so called bank lending channel. In order to explain how … first one is the traditional bank lending channel explained by Bernanke and Blinder model and the second one is the credit …
Persistent link: https://www.econbiz.de/10011852881