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February 27th, 2006

Financing Gaps and the Business Environment

Over at the World Bank PSD blog, Pablo Halkyard makes a post of great relevance to the interests of our group. Pablo links to 3 separate papers at the World Bank, each of them on subjects that we’ve discussed at some point within IPEG.

1. How important are financing constraints? The role of finance in the business environment, by Maksimovic, Ayyagari and Demirguc-Kunt

2. Can foreign portfolio investment bridge the small firm financing gap around the world?, by April Knill

3. Taking the bad with the good: volatility of foreign portfolio investment and financial constraints of small firms, by April Knill

Pablo also points to the World Bank’s updated SME database.

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