Hidden Bibliographic Details
| Other uniform titles: | IMF eLibrary.
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| Other authors / contributors: | Dabla-Norris, Era, author.
Koeda, Junko, 1976- author.
International Monetary Fund.
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| ISBN: | 1451914091
9781451914092
9781451869552
145186955X
9781451914092
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| Notes: | Available in PDF, ePUB, and Mobi formats on the Internet.
Includes bibliographical references.
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| Summary: | The paper relies on a firm-level data on transition economies to examine the relationship between informality and bank credit. We find evidence that informality is robustly and significantly associated with lower access to and use of bank credit. We also find that higher tax compliance costs reduce firms' reliance on bank credit, while a stronger quality of the legal environment is associated with higher access to credit even for financially opaque informal firms. An interactive term between a country-wide measure of tax compliance costs and the level of informal activity is negative and significant, suggesting that the negative association between informality and bank credit is stronger in countries with weak tax administration.
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| Other form: | Print version: Koeda, Junko. Informality and Bank Credit: Evidence from Firm-Level Data. Washington : International Monetary Fund, ©2008 9781451869552
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