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Perceived credit constraints in the European Union

Canton, Canton, E.J.F.; Grilo, Grilo, I.; Monteagudo, … - Erasmus Research Institute of Management (ERIM), … - 2012

The promotion and support of small and medium-sized enterprises (SMEs) forms an essential ingredient of the policies … designed to help improve Europe’s economic performance. A key issue is whether SMEs face difficulty obtaining bank loans. Using … pre-crisis survey data from 2005 and 2006 for nearly 3,500 SMEs (firms with fewer than 250 employees) in the European …

Persistent link: https://www.econbiz.de/10010731058

Perceived credit constraints in the European Union

Canton, Erik; Grilo, Isabel; Monteagudo, Josefa; Zwan, … - In: Small business economics : an entrepreneurship journal 41 (2013) 3, pp. 701-715

Persistent link: https://www.econbiz.de/10010200202

Macroeconomic Implications of Financial Dollarization; The Case of Uruguay

Gelos, Gaston; Mejía, Alejandro López; Piñón-Farah, … - International Monetary Fund (IMF) - 2008

Uruguay has experienced a remarkable recovery since the 2002 crisis, supported by sound policies and favorable external conditions. With the framework put in place in 2002, Uruguay abandoned an exchange rate peg in favor of a free float, adoped a monetary regime initially based on money targets,...

Persistent link: https://www.econbiz.de/10011245904

Bank Efficiency and Market Structure; What Determines Banking Spreads in Armenia?

Floerkemeier, Holger; Dabla-Norris, Era - International Monetary Fund (IMF) - 2007

Despite far-reaching banking sector reforms and a prolonged period of macroeconomic stability and strong economic growth, financial intermediation in Armenia has lagged behind other transition countries, and interest rate spreads have remained higher than in most Central and Eastern European...

Persistent link: https://www.econbiz.de/10005768878

Financial Globalization and the Governance of Domestic Financial Intermediaries

Tressel, Thierry; Verdier, Thierry - International Monetary Fund (IMF) - 2007

We model an economy in which domestic banks and firms face incentive constraints, as in Holmstrom and Tirole (1997). Firms borrow from banks and uninformed investors, and can collude with banks to reduce the intensity of monitoring. We study the general equilibrium effects of capital flows...

Persistent link: https://www.econbiz.de/10005248244

THE BANK LOANS IMPORTANCE, INFORMATION ASYMMETRY AND THE IMPACT OF FINANCIAL AND ECONOMIC CRISIS ON CORPORATE FINANCING

Ducai, Mircea Tiberiu - In: Revista Tinerilor Economisti (The Young Economists Journal) 1 (2012) 18, pp. 29-34

Bank loans have an increasing role for corporate activities. In most countries, bank loans are the main source of financing for small and medium-sized enterprises. Even though the role of banks decreased in the last years, banks take advantage of a privileged position which allows them to...

Persistent link: https://www.econbiz.de/10010592952