Bank credit to small and medium sized enterprises: the role of creditor protection
We develop a model that shows that inefficient legal protections, disproportionately increase financial restrictions for debtors that have less wealth. Due to fixed monitoring costs in equilibrium banks will not monitor small firms and therefore these firms will adopt risky technologies that imply a...
Autores Principales: | , |
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Formato: | Desconocido (Unknown) |
Lenguaje: | Inglés (English) |
Publicado: |
Universidad de los Andes, Facultad de Economía, CEDE
2018
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Materias: | |
Acceso en línea: | http://hdl.handle.net/1992/7961 |