increases the incentive to create jobs. The transmission mechanism of 'credit shocks' is fundamentally different from the … typical credit channel and the model can explain why firms cut hiring after a credit contraction even if they have not …

"The aim of this paper is to understand the mechanism underlying access to credit. Gine focuses on two important … aspects of rural credit markets in Thailand. First, moneylenders and other informal lenders coexist with formal lending … presumably face sizable transaction costs obtaining external credit. The author develops and estimates a model based on limited …

This paper estimates the exporter premium in bank lending. We examine credit relationships in Germany, covering all …