Rehypothecation enables the intermediate lender to make productive investments by effectively borrowing from the borrower. I show that due to the limited borrowing capacity of the intermediate lenders, a segmented market in which borrowers are restricted to borrow only from the productive...

chapter 1 Introduction -- chapter 2 Credit constraints and economic outcomes: A short survey -- chapter 3 Technical efficiency and finance constraints: an empirical analysis for Italian manufacturing, Introduction -- chapter 4 Product market competition, financial pressure and producers...