The authors discuss two effects of financial liberalization, using panel data for Ecuadorian firms. After describing the main thrust of the reforms and the general macroeconomic developments, they document the changes that occurred in the firms' financial structure and in the allocation of credit. Descriptive evidence suggests that there has been a reallocation of resources towards older, larger firms after liberalization. The authors also investigate...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1993/02/28
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Рабочий документ в рамках исследования вопросов политики
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WPS1092
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1
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1
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2010/07/01
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The effect of financial liberalization on allocation of credit : panel data evidence for Ecuador
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profit and loss account
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