, but not in risk, underlie the increase in credit demand. Third, conflict is not the binding constraint on investment in … areas with low access to markets. Higher investment, unchanged default rates and additional evidence of increased nighttime …

in risk, underlie the increase in credit demand. Third, conflict is not the binding constraint on investment in areas … with low access to markets. Higher investment, unchanged default rates and additional evidence of increased nighttime …

, but not in risk, underlie the increase in credit demand. Third, conflict is not the binding constraint on investment in … areas with low access to markets. Higher investment, unchanged default rates and additional evidence of increased nighttime …

Background: This study examines the access to credit, credit investment, and credit fungibility for small …