Credit rationing with heterogeneous borrowers in transition economies: evidence from Slovakia
AbstractThis article investigates the macroeconomic importance of credit rationing and whether banks use characteristics such as ownership structure and institutional type of borrowers in order to regulate the risk of loaned funds. To test this, monthly data for 2000-02, extracted from the National Bank of Slovakia monetary review, were used. The article finds that credit rationing was not present during the period analysed, implying that the credit market can be approximated with a typical supply and demand relationship. The second finding of the article is that intermediaries use the ownership type and institutional form of borrowers to regulate risk.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Post-Communist Economies.
Volume (Year): 16 (2004)
Issue (Month): 1 ()
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Other versions of this item:
- Pavel Ciaian, 2004. "Credit Rationing with Heterogeneous Borrowers in Transition Economies: Evidence from Slovakia," EERI Research Paper Series EERI_RP_2004_02, Economics and Econometrics Research Institute (EERI), Brussels.
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
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