Investment, Efficiency, and Credit Rationing: Evidence from Hungarian Panel Data [PDF]
Relying upon a rich and unique panel of Hungarian firms over 7 years, from 1992 up to 1998, this paper estimates simultaneously TFP, Total Factor Productivity, identified as efficiency, and the parameters of a model where investment depends upon internal
Mathilde Maurel
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Revista Galega de Economía, 2012 In late 2011 in the Galician housing market there is a stock of approximately 35,000 dwellings whose sale is difficult. The weakness of demand is due from multiple causes, which appear more relevant overprices, deflationary expectations, credit rationing
MANUEL VILAS FERNÁNDEZ
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On the Possibility of Credit Rationing in the Stiglitz-Weiss Model [PDF]
Contrary to what is consistently assumed in the literature, the return function cannot be hump-shaped in the Stiglitz-Weiss (1981) model. This has important consequences for the possible occurrence of credit rationing and redlining.
Arnold, Lutz G.
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A socio-economic study of the borrowing process: The case of microentrepreneurs in Jordan [PDF]
This paper investigates the socio-economic determinants of four stages of borrowing process of the Jordanian microfinance market. The equations and functions corresponding to the stages of the borrowing process are estimated using a sample of 474 ...
Dutta, Dilip, Magableh, Ihab
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Bank credit in the transmission of monetary policy: A critical review of the issues and evidence [PDF]
The "credit view" emphasizes the impact of monetary policy on the amount and conditions of credit supplied by the banking sector as a main transmission channel. A review of the literature shows that the view that banks are in some sense special is widely
Smant, David / D.J.C.
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Household-level Credit Constraints in Urban Ethiopia [PDF]
Empirical evidence on determinants of credit constraints and the amount borrowed by urban household in Sub-Saharan Africa is almost non-existent. Using an extended direct approach by virtue of the unique data set we have (the Fourth Round Ethiopian Urban
Sebastian Torres +2 more
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Loan Commitments and Monetary Policy [PDF]
The impact of loan commitment agreements on the way in which changes in monetary policy affects the economy is examined. In particular, the empirical relevance of quantity credit rationing in the transmission of monetary policy is studied with VAR models.
Arie Melnik +2 more
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Credit rationing and the financial structure of Italian small and medium enterprises [PDF]
Our aim is to analyze the effect of public subsidies on the development path of Italian small and medium enterprises (SMEs). Public subsidies to SMEs have been often used with the aim of favoring economic growth in less developed regions.
Giovanni Trovato, Marco Alfó
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Bayesian Inference in Dynamic Disequilibrium Models : an Application to the Polish Credit Market [PDF]
We review Bayesian inference for dynamic latent variable models using the data augmentation principle. We detail the difficulties of stimulating dynamic latent variables in a Gibbs sampler.
Luc, BAUWENS, Michel, LUBRANO
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Price Flexibility, Credit Rationing, and Economic Fluctuations: Evidence from the U.S., 1879-1914 [PDF]
The reawakening of interest in links between price flexibility and fluctuations in economic activity calls for a reconsideration of models of price and quantity adjustment.
Charles W. Calomiris, R. Glenn Hubbard
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