The author uses panel data on 394 firms in 13 developing countries for the years 1988-98 to learn whether financial liberalization relaxes financing constraints on firms. He finds that liberalization affects small and large firms differently. Small firms are financially constrained before liberalization begins but become less so after liberalization. The financing constraints on large firms, however, are low both before and after liberalization. The...
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INFORMATION
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2000/10/31
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Document de travail de recherche sur les politiques
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WPS2467
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1
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1
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2010/07/01
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Does financial liberalization relax financing constraints on firms ?
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financial liberalization
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