Showing 151 - 160 of 53,688
This paper analyzed the relationship between firm characteristics and credit constraints among small and medium … predicted probability of being credit-constrained or “quasi-constrained” — i.e. able to borrow from informal sources. Estimates … associated with a lower predicted probability of being credit-constrained for the average SME in our sample. However, with the …
Persistent link: https://www.econbiz.de/10012858269
This paper uses a new survey-based data set and a model with strong theoretical under-pinnings to explain the characteristics and behaviour of discouraged borrowers in the euro area. The results show that more borrowers are discouraged when the average interest rate charged by banks in a country...
Persistent link: https://www.econbiz.de/10013016941
An emerging new literature brings unique ideas from corporate finance to the study of international trade and investment. Insights about differences in the development of financial institutions across countries, the role of financial constraints, and the use of internal capital markets are...
Persistent link: https://www.econbiz.de/10013018123
Persistent link: https://www.econbiz.de/10012796478
In this paper a new instrument for monetary policy shocks is presented. Exogenous variation of the policy rate may come from frictions of collective decision-making. Dissenting votes indicate how far the final decision of the decision making body is from the mean of the members' individually...
Persistent link: https://www.econbiz.de/10012797466
Persistent link: https://www.econbiz.de/10012799418
An emerging new literature brings unique ideas from corporate finance to the study of international trade and investment. Insights about differences in the development of financial institutions across countries, the role of financial constraints, and the use of internal capital markets are...
Persistent link: https://www.econbiz.de/10013044625
An emerging new literature brings unique ideas from corporate finance to the study of international trade and investment. Insights about differences in the development of financial institutions across countries, the role of financial constraints, and the use of internal capital markets are...
Persistent link: https://www.econbiz.de/10013045319
Persistent link: https://www.econbiz.de/10012653806
This paper evaluates the effectiveness of easing credit constraints for rural producers in Mexico through loans … differential impacts of providing liquidity for working capital versus providing credit for investments in fixed assets. It finds … credit constraints, regardless of the type of loan used for that purpose. …
Persistent link: https://www.econbiz.de/10012581494