Since the fall of communism, the former Soviet Union experienced a strong output decline and a dramatic increase in arrears and barter. We develop a model which explains how these three phenomena are connected. We introduce liquidity and credit constraints into a model of disorganization and...

Intro -- Contents -- Preface -- Introduction -- Firm Size, Financing, Access to Credit, and Credit Constraints -- Financial Institution Ownership and Access to Credit -- Financial Access as an Obstacle to Growth Compared to Other Variables -- Conclusion -- Appendix -- References -- LIST OF...

"The aim of this paper is to understand the mechanism underlying access to credit. Gine focuses on two important aspects of rural credit markets in Thailand. First, moneylenders and other informal lenders coexist with formal lending institutions such as government or commercial banks, and more...