The World Bank has released a paper "Basel III Implementation and SME Financing: Evidence for Emerging Markets and Developing Economies" which has been coauthored by our colleague, Prof. Roman Horváth.
The paper examines the effect of Basel III implementation on the access to finance of small and medium-size enterprises in 32 emerging markets and developing economies. Analyzing rich, repeated cross-sectional data and a panel of matched firm-bank data in a difference-in-differences setting with sample selection adjustment, the authors find a short-term, moderately negative effect of Basel III on small and medium-size enterprises’ access to financing.
The paper is a joint work with Boris Fišera (University of Economics, Bratislava & Charles University, Prague), and Martin Melecký (World Bank).
This paper is a product of the Finance, Competitiveness and Innovation Global Practice at the World Bank. It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world.
Autor - doc. PhDr. Martin Gregor Ph.D.