The Warsaw Stock Exchange is one of Europe's largest exchanges by the number of IPOs, although it retains features of a market in post-transition countries, including a relatively small size, shallowness and a weak institutional framework. In this study, we use a large dataset to explore firms'...

This paper investigates the relationship between local banking structures, SME access to debt financing and SME performance. Using a unique dataset on bank branch locations in Poland and county-level and firm-level data, we conclude that a strong position for local, cooperative banks facilitates...

We examine the shock of the global crisis on interbank markets in emerging countries and attempt to assess the impact of macroeconomic and financial sector policy announcements on spread changes in six Central and Eastern European (CEE) countries. We find that interbank markets in emerging...