Banking in Transition Countries

Finally, I examine the interaction between borrowing costs and firms' decisions to secure loans. I demonstrate that decisions of firms in transition economies to secure loans are consistent with the decisions of firms in more advanced economies and that presence of collateral is associated with riskier loans. At the firm level, I find that firms' decision to pledge collateral is primarily determined by the interest rate differential, but at the country level, the efficiency of contract enforcement matters the most.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2015

Author dc:creator

• Skosples, Goran

Contributors dc:contributor

• Baer, Werner W.

• Business Administration, Banking

Language dc:language

eng

Identifier

(MiAaPQ)AAI3242995

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/85576