Credit rationing with heterogeneous borrowers in transition economies: evidence from Slovakia
This 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.
Volume (Year): 16 (2004)
Issue (Month): 1 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/CPCE20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/CPCE20|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Lubomír Lízal & Jan Svejnar, 2002.
"Investment, Credit Rationing, And The Soft Budget Constraint: Evidence From Czech Panel Data,"
The Review of Economics and Statistics,
MIT Press, vol. 84(2), pages 353-370, May.
- Lubomir Lizal & Jan Svejnar, 2001. "Investment, Credit Rationing and the Soft Budget Constraint: Evidence from Czech Panel Data," William Davidson Institute Working Papers Series 363, William Davidson Institute at the University of Michigan.
- Maks Tajnikar, 2001. "Transitional Adjustment of Large Companies in Slovenia and Economic Policy," Post-Communist Economies, Taylor & Francis Journals, vol. 13(3), pages 331-344.
- Riley, John G, 1987. "Credit Rationing: A Further Remark [Credit Rationing in Markets with Imperfect Information] [Incentives Effects of Terminations: Applications to the Credit and Labor Markets]," American Economic Review, American Economic Association, vol. 77(1), pages 224-27, March.
- Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
- Blinder, Alan S & Stiglitz, Joseph E, 1983.
"Money, Credit Constraints, and Economic Activity,"
American Economic Review,
American Economic Association, vol. 73(2), pages 297-302, May.
- Blinder, Alan S, 1987.
"Credit Rationing and Effective Supply Failures,"
Royal Economic Society, vol. 97(386), pages 327-52, June.
- Konings, Jozef & Rizov, Marian & Vandenbussche, Hylke, 2003. "Investment and financial constraints in transition economies: micro evidence from Poland, the Czech Republic, Bulgaria and Romania," Economics Letters, Elsevier, vol. 78(2), pages 253-258, February.
When requesting a correction, please mention this item's handle: RePEc:taf:pocoec:v:16:y:2004:i:1:p:39-46. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.