growth of promising young firms. A model of liquidity-constrained entrepreneurs suggests that the easing of credit … would bring about. We explore this growth mechanism using a large-scale program to expand the supply of credit to small and … medium enterprises in Brazil. Local credit supply shocks generate greater firm entry but also greater exit with no effect on …

The aim of this paper is analyzing the evolution of the Brazilian credit market from 2003 to 2011 and its impact on … determinants and the general trends of the banking credit market between December 2003 and December 2011, while the third section …

over the amount of bankruptcies and judicial reorganizations, and the firms' access to credit. Making use of econometric … a significant way as well as the requirement of judicial reorganizations. Finally, using sectorial aggregated credit … data, we find an expansion of the credit market, mainly to commercial, rural and services sectors. Additionally we did not …

In 2004, Brazil provided an interesting natural experiment concerning personal credit. A new law was enacted allowing …, the new law has caused a reduction in interest rates and an increase in the volume of personal credit. -- Credit markets …