Öztürk, Bahar; Mrkaic, Mico - International Monetary Fund (IMF) - 2014
data on thousands of euro area firms, we study factors that affect the access to finance of SMEs. We find that changes in … bank funding costs and borrower leverage matter for firms’ access to finance. Increases in bank funding costs and … borrowers’ debt-to-asset ratios are significantly and negatively associated with firms’ access to finance. The use of …