Regional Financial Markets and Credit Allocation: The Case of Small and Medium-Sized Firms in Northern Ireland

Donal G. McKillop and Robert W. Hutchinson

Chapter 13 in Inward Investment, Business Finance and Regional Development, 1998, pp 213-227 from Palgrave Macmillan

Abstract: Abstract In 1990 the Northern Ireland economy entered a period of economic downturn that lasted for seven quarters. A range of factors were important in this reversal of economic fortunes. One factor, however, stands out: the policy adopted by the UK government, both in its fight against inflation, and in its attempt to maintain sterling’s parity within the exchange rate mechanism.

Keywords: Interest Rate; Small Firm; Collateral Requirement; Credit Allocation; Fixed Asset Investment (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14181-4_14

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DOI: 10.1007/978-1-349-14181-4_14

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