We investigate a small open economy with constraints in both the domestic and the international credit market. The informational opaqueness of the domestic market hinders foreign lenders' activity, so that entrepreneurs face looser borrowing constraints vis-à-vis domestic financiers. However,...

This study analyses how banks’ lending affects firms’ performance and identifies some of the factors that have constrained finance to the Small and Medium Enterprises (SMEs) sector, both on the supply and demand sides. The article is based on the case study of sample of 260 SMEs...