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important insights for policy makers as they continue to deal with the credit access issues of small firms. …
Persistent link: https://www.econbiz.de/10011991398
We analyze the causal effect of the credit supply shock to banks induced by interbank market disruptions in the recent …
Persistent link: https://www.econbiz.de/10011798962
We develop a model of bank lending that allows for credit rationing in equilibrium. Recognizing that small firms incur … a higher percentage cost of monitoring than large firms, the model shows that the incidence of bank credit rationing … consistent with a pattern of a differentially greater degree of rationing of credit to small borrowers during the Great Recession …
Persistent link: https://www.econbiz.de/10013107543
margin. This study contributes valuable insights into the efficacy of public credit support programs during crises …
Persistent link: https://www.econbiz.de/10014368450
' credit demand by examining lending by different lenders to the same firm, by comparing firms within the same narrow industry …. Our results show that finance companies and FinTech lenders are major suppliers of credit to small businesses and played …
Persistent link: https://www.econbiz.de/10012834210
This paper uses a unique dataset where credit rejections experienced by euro area firms are matched with firm and bank … characteristics. This allows us to study simultaneously the role that bank and firm weakness had in the credit reduction observed in … the euro area during the sovereign debt crisis, and in credit developments characterising the post-crisis recovery …
Persistent link: https://www.econbiz.de/10012150099
Using a nationwide restaurant sample, we document that minority-owned businesses are more likely to apply to the Paycheck Protection Program through fintech than traditional lenders. We motivate our analysis by a two-sided matching model where this phenomenon can be generated through "technology...
Persistent link: https://www.econbiz.de/10013322836
Bank loans are the main sources of financing the Small and Medium-Sized Enterprises (SME) sector of the Thai economy … lending; this necessitates the efficient use of available funds and strategies to diversify SME financing. Using data from … productivity to be greater than one for: (a) SME output per unit of SME and (b) SME output per Baht loan. This satisfactory …
Persistent link: https://www.econbiz.de/10011991350
Adequate credit availability for small businesses is an important public policy issue because small businesses are … potentially support financial institutions in the provision of credit to small businesses through the use of advances from the … attractive financial assets available with no preference for any particular asset during periods of contracting credit. …
Persistent link: https://www.econbiz.de/10011991395
declined by 5.4% and remained lower for several years. The decline in credit supply eventually led to a decrease in the number … credit supply shocks can have persistent adverse effects on labor …
Persistent link: https://www.econbiz.de/10013405115