Access to credit in Argentina

Includes bibliography

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Autor principal: Bebczuk, Ricardo N.
Otros Autores: German Agency for Technical Cooperation
Formato: Texto
Lenguaje:English
Publicado: ECLAC 2014
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Acceso en línea:http://hdl.handle.net/11362/5163
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spelling oai-11362-51632020-03-06T16:50:27Z Access to credit in Argentina Bebczuk, Ricardo N. German Agency for Technical Cooperation NU. CEPAL NU. CEPAL. Unidad de Estudios Especiales CREDITO EMPRESAS MEDIANAS INSTRUMENTOS FINANCIEROS MICROCREDITO OPERACIONES BANCARIAS PEQUEÑAS EMPRESAS SISTEMAS MONETARIOS RECURSOS FINANCIEROS BANKING CREDIT FINANCIAL INSTRUMENTS MEDIUM ENTERPRISES MICROCREDIT SMALL ENTERPRISES MONETARY SYSTEMS FINANCIAL RESOURCES Includes bibliography Abstract The present work examines the access to credit by financially constrained SMEs in Argentina over the last decade, focusing on the role played by public banks, state credit policies, and non-traditional lending contracts such as leasing, factoring, microcredit and others. We loosely define financially constrained firms as those with good projects and insufficient internal funding. Our conclusions are the following: (a); Since not all SMEs are financially constrained in the previous sense but many of them would be willing to raise at better-than-market terms, a major challenge of any governmental policy aimed to deal with market failures (asymmetric information and intermediation costs); is to carefully sorting out applicants; (b); However, the actual operation seems to lack the technical independence nor resources to implement this basic principle; (c); More importantly, credit policies do not show the desirable degree of transparency towards taxpayers and other interested parties, making it difficult to pass any sound judgment about the impact of the programs in place on production, employment, and income distribution; (d); Based on publicly available information, public banks do not appear to perform better than private banks in improving the access to credit; and (e); Nontraditional instruments should not be expected to be the key for a structural solution to this issue. We finally propose a number of practical guidelines to strengthen the effectiveness, transparency and accountability of governmental credit policies. 2014-01-02T15:43:43Z 2014-01-02T15:43:43Z 2007-04 Texto Documento Completo 9789211216370 http://hdl.handle.net/11362/5163 LC/L.2703-P en Serie Financiamiento del Desarrollo 188 application/pdf ARGENTINA ARGENTINA ECLAC
institution Cepal
collection Cepal
language English
topic CREDITO
EMPRESAS MEDIANAS
INSTRUMENTOS FINANCIEROS
MICROCREDITO
OPERACIONES BANCARIAS
PEQUEÑAS EMPRESAS
SISTEMAS MONETARIOS
RECURSOS FINANCIEROS
BANKING
CREDIT
FINANCIAL INSTRUMENTS
MEDIUM ENTERPRISES
MICROCREDIT
SMALL ENTERPRISES
MONETARY SYSTEMS
FINANCIAL RESOURCES
spellingShingle CREDITO
EMPRESAS MEDIANAS
INSTRUMENTOS FINANCIEROS
MICROCREDITO
OPERACIONES BANCARIAS
PEQUEÑAS EMPRESAS
SISTEMAS MONETARIOS
RECURSOS FINANCIEROS
BANKING
CREDIT
FINANCIAL INSTRUMENTS
MEDIUM ENTERPRISES
MICROCREDIT
SMALL ENTERPRISES
MONETARY SYSTEMS
FINANCIAL RESOURCES
Bebczuk, Ricardo N.
Access to credit in Argentina
description Includes bibliography
author2 German Agency for Technical Cooperation
author_facet German Agency for Technical Cooperation
Bebczuk, Ricardo N.
format Texto
author Bebczuk, Ricardo N.
author_sort Bebczuk, Ricardo N.
title Access to credit in Argentina
title_short Access to credit in Argentina
title_full Access to credit in Argentina
title_fullStr Access to credit in Argentina
title_full_unstemmed Access to credit in Argentina
title_sort access to credit in argentina
publisher ECLAC
publishDate 2014
url http://hdl.handle.net/11362/5163
work_keys_str_mv AT bebczukricardon accesstocreditinargentina
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