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This paper examines the effect of Basel III implementation on the access to finance of small and medium-size enterprises in 32 emerging markets and developing economies. Analyzing rich, repeated cross-sectional data and a panel of matched firm-bank data in a difference-in-differences setting...
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SMEs are key to development, as they provide livelihoods and jobs for the majority of people in LMICs. Yet, their … development is often hampered by constrained access to finance. SMEs mostly depend on bank loans for external finance. However …, these have been insufficient to overcome SMEs' financing constraints, especially in LMICs, such that it seems pertinent to …
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