expected costs of the credit guarantees and subsidies offered by the fund. The theoretical model looks at government …-rate subsidies. With support targeted wholly to disadvantaged farmers, the cost of lump-sum guarantees, proportional guarantees, and … interventions designed to decrease the credit rationing of farmers with high probability of success. The theoretical model shows …

The paper analyzes the government budget cost of credit guarantees and subsidies. The analysis is done both in a … expected costs of credit guarantees and subsidies provided by the SGAFF. The qualitative theoretical model is dealing with … subsidies. With supports targeted fully to disadvantaged farmers the government is indifferent between lump-sum guarantees …

be eliminated by a government support in the form of credit guarantees or subsidies. The principal-agent model of this … interest rate is not a sufficiently robust policy instrument. Lump-sum guarantees and interest rate subsidies are evaluated as …Credit contracting between a lender with a market power and a small start-up entrepreneur may lead to a rejection of …

Provision of credit guarantees or subsidies may remove an adverse selection leading to credit rationing. This paper … concentrates on comparison of government budget costs of credit guarantees and subsidies in a monopolistic credit market. Different … costs of high-risk entrepreneurs, the budget-cost minimizing government should prefer guarantees over interest rate …

be eliminated by a government support in the form of credit guarantees or subsidies. The principal-agent model of this … interest rate is not a sufficiently robust policy instrument. Lump-sum guarantees and interest rate subsidies are evaluated as …Credit contracting between a lender with a market power and a small start-up entrepreneur may lead to a rejection of …

Provision of credit guarantees or subsidies may remove an adverse selection leading to credit rationing. This paper … concentrates on comparison of government budget costs of credit guarantees and subsidies in a monopolistic credit market. Di … costs of high-risk entrepreneurs, the budget-cost minimizing government should prefer guarantees over interest rate …

Collusion and soft budget constraint are two conspicuous phenomena in transition economies¡¯ banking system. Literature …

private capital whose market share shrinks. Effectively a return to a state-run credit system has been accomplished. …