Funding vs. Real Economy Shock : The Impact of the 2007-2009 Crisis on Small Firms' Credit Availability

This paper analyzes the impact of two distinct shocks stemming from the cross-border transmission of the 2007-2009 crisis on credit availability for small firms. The paper uses data from AccessBank Azerbaijan which was affected in its liquidity pos...

Full description

Bibliographic Details
Main Authors:	Berg, Gunhild, Kirschenmann, Karolin
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO CREDIT ACCESS TO EXTERNAL FINANCE ACCOUNTING AGRICULTURAL SECTOR APPROVAL RATE AVAILABILITY OF CREDIT BALANCE SHEET BANK BRANCH BANK CREDIT BANK LENDING BANK LIQUIDITY BANKING ASSETS BANKING SECTOR BANKING SERVICES BANKS BOND BOND ISSUE BORROWER BORROWING BRANCHES BUSINESS ACTIVITY BUSINESS BORROWERS BUSINESS FINANCES BUSINESS LENDING BUSINESS LOAN BUSINESS LOAN APPLICATIONS BUSINESS LOANS CAPITAL LOANS CAPITAL MARKETS CENTRAL BANK CHANNELS OF CREDIT COLLATERAL COMMODITY PRICE COMPETITIVE MARKETS CONSUMER FINANCE CORRUPTION CREDIT ACCESS CREDIT APPROVAL CREDIT AVAILABILITY CREDIT CONSTRAINTS CREDIT CRUNCH CREDIT PORTFOLIO CREDIT PORTFOLIOS CREDIT QUALITY CREDIT RATIONING CREDIT RISK CROSS-BORDER BANKING CURRENCY DEVALUATION CURRENCY MISMATCHES DEBT DEBT SERVICING DEFAULT RATES DEPENDENT DEPOSIT DISBURSEMENT DIVERSIFICATION DUMMY VARIABLE DUMMY VARIABLES ECONOMIC CONDITIONS ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC SITUATION EMERGING MARKET EMERGING MARKET ECONOMIES EMERGING MARKETS ENTERPRISE DEVELOPMENT EXPANSION EXTERNAL SHOCKS FAMILIES FARMERS FEDERAL RESERVE FEDERAL RESERVE BANK FEMALE BORROWERS FINANCIAL ANALYSIS FINANCIAL CONSTRAINTS FINANCIAL CONTAGION FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL DISTRESS FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL INTERMEDIATION FINANCIAL LIBERALIZATION FINANCIAL LITERACY FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SERVICES FINANCIAL SITUATION FINANCIAL SYSTEMS FIRM PERFORMANCE FIRM SIZE FIRST LOAN FIXED ASSETS FOREIGN BANK FOREIGN BANK ENTRY FOREIGN CURRENCY FOREIGN CURRENCY RISK FORMAL FINANCE GENDER GOOD BANK HARD CURRENCY HOLDING HOUSEHOLDS HOUSING HOUSING PRICES INCOME STREAMS INDIVIDUAL ENTREPRENEURS INDIVIDUAL LOAN INFORMATION SYSTEM INFORMATIONAL ASYMMETRIES INTEREST RATE INTERNATIONAL BANK INTERNATIONAL BANK LENDING INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL DIVERSIFICATION INTERNATIONAL ECONOMICS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL MARKETS LARGE FIRMS LENDER LEVELS OF CREDIT LEVELS OF DEBT LINES OF CREDIT LIQUIDITY LIQUIDITY POSITION LIQUIDITY PROBLEMS LIQUIDITY SUPPORT LOAN LOAN AMOUNT LOAN AMOUNTS LOAN APPLICATION LOAN APPLICATIONS LOAN APPROVAL LOAN APPROVAL RATES LOAN CATEGORY LOAN CHARACTERISTICS LOAN CLIENTS LOAN CONTRACT LOAN DEMAND LOAN MARKET LOAN OFFICER LOAN OFFICERS LOAN PORTFOLIO LOAN PRODUCT LOAN REQUEST LOAN REQUESTS LOAN SIZES LOAN TERMS LOAN VOLUMES LOCAL BANK LOCAL CURRENCY LOCAL MARKET LOCAL MARKETS MARKET ECONOMIES MARKET SHARE MARKETING STRATEGY MATURITY MEDIUM ENTERPRISES MICRO BORROWERS MICRO CREDIT MICRO ENTREPRENEURS MICRO FINANCE MICRO LOAN MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS MICROFINANCE SECTOR MIGRATION MORTGAGE MULTINATIONAL MULTINATIONAL BANKS NATURAL DISASTERS NUMBER OF BANKS OIL PRICES PLEDGE COLLATERAL POOL OF BORROWERS PORTFOLIO QUALITY POTENTIAL BORROWERS PRIVATE CAPITAL REAL ESTATE REMEDY REMITTANCES REPAYMENT REPAYMENT BEHAVIOR RETURN RETURN ON EQUITY RISK FACTORS RISK SHARING RISKY BORROWERS RURAL FINANCIAL INSTITUTIONS SAVINGS SAVINGS BANKS SAVINGS PRODUCTS SHAREHOLDERS SMALL BUSINESS SMALL BUSINESSES SMALL ENTERPRISES SMALL FIRMS SME SME CLIENTS SME FINANCE SME LENDING SUPPLIERS SUPPLY OF FINANCE TRADE SECTOR TRANSITION ECONOMIES TRANSPARENCY TRANSPORT URBAN AREAS VALUE OF COLLATERAL WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2012/04/16212275/funding-vs-real-economy-shock-impact-2007-2009-crisis-small-firms -credit-availability http://hdl.handle.net/10986/6032

Internet

http://documents.worldbank.org/curated/en/2012/04/16212275/funding-vs-real-economy-shock-impact-2007-2009-crisis-small-firms -credit-availability
http://hdl.handle.net/10986/6032

Funding vs. Real Economy Shock : The Impact of the 2007-2009 Crisis on Small Firms' Credit Availability

Internet

Similar Items