This paper examines the effect of Basel III implementation on the access to finance of small and medium-size enterprises in 32 emerging markets and developing economies. Analyzing rich, repeated cross-sectional data and a panel of matched firm-bank data in a difference-in-differences setting with sample selection adjustment, the authors find a short-term, moderately negative effect of Basel III on small and medium-size enterprises' access to financing...
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INFORMACIÓN
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2019/12/02
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS9069
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1
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1
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2019/12/02
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Disclosed
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Basel III Implementation and SME Financing : Evidence for Emerging Markets and Developing Economies