Lending relationships and credit rationing: the impact of securitization [PDF]
Do lending relationships mitigate credit rationing? Does securitization influence the impact of lending relationships on credit rationing? If so, is its impact differently in normal periods versus crisis periods?
Rodriguez-Fernandez, F. +2 more
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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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Collateral and Credit Rationing. The role of collateral in explaining and remediating the limited flow of credit to households and SMEs. ECRI Policy Brief No. 7, February 2014 [PDF]
, 2014 European-wide data concerning both companies and households indicate that the credit rationing phenomenon, which has been predicted by theory, does in fact occur to a significant degree in the European credit market.
Chmelar, Ales, Helsen, Frederic
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Credit rationing and crowding out during the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862 [PDF]
Crowding-out during the British Industrial Revolution has long been one of the leading explanations for slow growth during the Industrial Revolution, but little empirical evidence exists to support it.
Peter Temin, Joachim Voth
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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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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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R&D investment, Credit Rationing and Sample Selection [PDF]
We study whether R&D-intensive firms are liquidity-constrained, by also modeling their antecedent decision to apply for credit. This sample selection issue is relevant when studying a borrower-lender relationship, as the same factors can influence the ...
Gianfranco Atzeni, Claudio Piga
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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
doaj
Trade Credit and Credit Rationing in Canadian Firms [PDF]
Burkart and Ellingsen's (2004) model of trade credit and bank credit rationing predicts that trade credit will be used by medium-wealth and low-wealth firms to help ease bank credit rationing.
Rose Cunningham
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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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