Using a database of more than 1,100 firms in the MENA region, this article looks at the determinants of trade credit use. We show that the difficulty of accessing<np pagenum="II"/> bank credit positively influences the use of trade credit, and thus demonstrate the (even imperfect) substitutability of bank credit...

We use data from surveys on households and on banking regulation institutions to explore the impact of the access to financial services (afs) on poverty, on a large sample of developing countries. Controlling for the presence of a possible endogeneity bias using the instrumental variable...

Since the onset of the global financial market turbulence in mid-2007 there have been concerns whether and to what extent the unfolding liquidity squeeze may affect banks in Central, Eastern and Southeastern Europe (CESEE). In this note, we present systematic regional and cross-country...

As financial intermediaries, microfinance institutions (MFIs) contribute to integrate remittances into the formal financial system. Using a database including 225 MFIs from Latin America and the Caribbean, this paper investigates the institutional factors that influence the MFI decision-making...

Specialized literature states that a deregulated financial system has positive effects on long-term economic growth. The Mexican financial system has gone through two major phases: regulation until 1988 and soon after liberalization. In this framework, by using cointegration and causality tests...

What are the effects of macroeconomic variables on venture-backed capital investment in environmentally friendly industries in the United States? What is the significance of location in determining both the number of deals and amount of investment by venture capital in the Clean-tech industry?...

We put forward a modern version of the 'developmental' view of government-owned banks which shows that the combination of information asymmetries and weak institutions creates scope for such banks to play a growth-promoting role. We present new cross-country evidence consistent with our...

Previous studies have recognized that the benefits from foreign direct investment (FDI) to recipient countries can only be realized when those countries have reached a certain level of financial development. However, the dynamic interrelationships among FDI, financial development, and real...