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"The authors propose a more complete conceptual framework for analysis of credit availability for small and medium … financial structures affect credit availability. They emphasize a causal chain from policy to financial structures which affect … on SME credit availability. Financial structures include the presence of different financial institution types and the …
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Large and foreign-owned institutions may have difficulty extending relationship loans to informationally opaque small firms. Bank distress does not appear to affect small business lending, although even small firms may react to bank distress by borrowing from multiple banks
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