This work discusses the determinants of the access to credit for a sample of about 140 Argentine small and medium firms, based on a unique database gathered by the Union Industrial Argentina in 1999. Among other findings, the evidence shows that the acceptance of overdraft lines at high interest...

This paper analyzes mortgage loan demand in Argentina using a new survey administered in the Buenos Aires Metropolitan Area. It is found that recurring macro volatility and violation of financial property rights have increased demand for real estate as an investment, which in turn raises house...

This paper assesses the impact of the Liquidity Program for Growth Sustainability (LPGS) on Latin America and the Caribbean, instrumented by the IDB to confront the regional spillovers of the subprime crisis. This emergency liquidity line was set up to boost productive loans of commercial banks,...

'Investor Protection and Corporate Governance' analyzes the impact of corporate governance on firm performance and valuation. Using unique datasets gathered at the firm-level--the first such data in the region--and results from a homogeneous corporate governance questionnaire, the book examines...

This presentation presents an analysis of the Inter-American Development Bank's Liquidity Program for Growth Sustainability, which was launched in October of 2008 to provide liquidity to LAC countries hit by subprime crisis spillovers. It addresses the macroeconomic impact the program had on...

The main purpose of our work is to construct portfolio loss distributions of small and large loans in Argentina using bootstrapping techniques. Annual data (covering the 1999-2005 period) from the Debtors Register of the Central Bank of Argentina over 580.000 records have been used. The work has...

The goal of this paper is to study the link between bank credit (and internal funding) and average firm size in Argentina. Besides the fact that economic growth tends to go hand in hand with larger firm size, the topic is of particular interest because of the severe credit crunch in Argentina in...

Presentación que aborda información sobre las características del mercado de crédito a la pequeña empresa en América Latina y el Caribe. Da a conocer la demanda potencial y demanda insatisfecha de crédito a pequeñas empresas, así como la realidad de las nuevas entidades en el mercado...