Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/39894 
Year of Publication: 
2008
Series/Report no.: 
Proceedings of the German Development Economics Conference, Zürich 2008 No. 3
Publisher: 
Verein für Socialpolitik, Ausschuss für Entwicklungsländer, Göttingen
Abstract: 
We investigate whether information sharing among banks has affected credit market performance in the transition countries of Eastern Europe and the former Soviet Union, using a large sample of firm-level data. Our estimates show that information sharing is associatedwith improved availability and lower cost of credit to firms. This correlation is stronger for opaque firms than transparent firms, and stronger in countries with weak legal environments than countries with strong legal environments. In cross-sectional estimates, we control for variation in country-level aggregate variables that may affect credit, by examining the differential impact of information sharing across firm types. In panel estimates, we also control for the presence of unobserved heterogeneity at the firm level, as well as for changes in macroeconomic variables and the legal environment.
Subjects: 
information sharing
credit access
transition countries
JEL: 
D82
G21
G28
O16
P34
Document Type: 
Conference Paper

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