This paper develops a simple model showing how banks can increase the access to finance of small, risky firms by mitigating coordination problems among investors. If investors observe a biased signal about the true implementation cost of real sector projects, the model can be solved for a...

Indirect Exporters are de fined as firms exporting through a trade intermediary. Despite numerous recent appearances in theoretical work, empirical evidence comparing these firms to uniquely domestic fi rms and Direct Exporters does not exist. I show that in Eastern Europe these firms do, as...

Indirect Exporters are de fined as firms exporting through a trade intermediary. Despite numerous recent appearances in theoretical work, empirical evidence comparing these firms to uniquely domestic fi rms and Direct Exporters does not exist. I show that in Eastern Europe these firms do, as...