Brown, Martin; Ongena, Steven; Popov, Alexander; Yesin, … - European Central Bank - 2012
Based on survey data covering 8,387 firms in 20 countries we compare credit demand and credit supply for firms in … need for credit than firms in Western Europe, and that a higher share of firms is discouraged from applying for a loan. The … decisions. Finally, credit constraints do have a real cost in that firms which are denied credit or discouraged from applying …