Access to finance for firms in Malta: Estimating the impact of reduced credit

Sandra Zerafa (zerafasn@centralbankmalta.org)

No PP/03/2017, CBM Policy Papers from Central Bank of Malta

Abstract: This note looks at changes in the access to finance of firms over time. From a demand side, results from the Survey on the Access to Finance of Enterprises (SAFE) indicate that bank financing still remains the most used source. From a supply-side point of view, the Bank Lending Survey (BLS) indicates that Maltese banks have resorted to stricter credit conditions rather than quantity restrictions. The relationship between credit to NFCs and GDP growth appears to have weakened since the crisis, such that an increased level of credit has a smaller impact on real output. This may reflect structural changes in the Maltese economy that have taken place over the last decade.

JEL-codes: C5 E51 G00 (search for similar items in EconPapers)
Pages: 25 pgs
New Economics Papers: this item is included in nep-ban, nep-fdg and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:mlt:ppaper:0317

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