Emerging economies (EMEs) exhibit high regulatory barriers to firm entry, where the latter are associated with reduced access to formal credit markets. Reforms that reduce firm-creation costs have therefore become a key policy priority. At the same time, access to domestic credit markets can...

Emerging economies (EMEs) exhibit high regulatory barriers to firm entry, where the latter are associated with reduced access to formal credit markets. Reforms that reduce firm-creation costs have therefore become a key policy priority. At the same time, access to domestic credit markets can...