Determinants and Consequences of Financial Constraints Facing Firms in Argentina

@inproceedings{Bebczuk2001DeterminantsAC,
  title={Determinants and Consequences of Financial Constraints Facing Firms in Argentina},
  author={Ricardo Nestor Bebczuk},
  year={2001}
}
Over the last ten years, profound structural changes have occurred in the Argentine economy, including the monetary and exchange rate regimes and the banking sector. In spite of structural reforms and the market friendly environment, evidence shows that financial constraints are still tight and that market segmentation is important. This research suggests that: (i) credit markets are markedly segmented, (ii) firms are dependent on owned funds; (iii) the volatility of the environment and… CONTINUE READING

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