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access traditional bank lending. Using European firm-level data on SME access to finance since the onset of the financial …
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of the European banks but also vary at the micro level depending on the lending technologies being used in the SME …-main bank rapport. Using the EFIGE database, we examine SME credit rationing in seven EU countries (Austria, France, Germany …
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In this paper we consider a moral hazard problem between a creditworthy firm which needs funding and a bank. We first study under which conditions the firm does not obtain the loan. We then determine whether and how the intervention of an external financial institution can facilitate the access...
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