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-term, moderately negative effect of Basel III on small and medium-size enterprises' access to financing. The results suggest that firms …
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During the past decades, firms from emerging economies have significantly increased the amount of financing obtained in … have been a key driver of the observed trends in capital market financing since the early 2000s. As domestic markets … developed, more and smaller firms gained access to equity and corporate bond financing. Domestic markets also helped some …
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This paper provides evidence that commercial lenders in Peru free ride off their peers' screening efforts. Leveraging a discontinuity in the loan approval process of a large bank, the study finds that competing lenders responded to additional loan approvals by issuing approvals of their own....
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principle, equity offers several advantages over debt when financing investments of this nature, but the use of equity in …
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Ceilings on lending rates remain a widely used policy tool that is intended to lower the overall cost of credit or protect consumers from exorbitant rates. Interest rate caps come in many forms and scopes and, according to their rationale, ceilings can affect a small segment or the overall...
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