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This research attempts to answer two particular questions: a) what factors drive SME credit constraints in the Irish … credit. Linking constraints to the macro-economy, we find a negative and significant effect of SME credit constraints on …
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Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher borrowing rates than their peers of the core (e.g. Germany, France) and this divergence is widening. It is argued that severe market failures prevent SMEs in southern euro area...
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