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To sustain growth in an aging economy, it is important to ease the financing of small firms by bank loans. Using bank internal data of small business loans in Germany, we examine the determinants of loan rates in the period 1995-2010. Beyond characteristics of the firm, the loan contract, and...
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Public loan guarantees and guarantee banks are important instruments to reduce credit rationing due to information … on the economic growth in this region. -- financing of small and medium-sized enterprises ; credit rationing ; collateral …
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