Financial Liberalization, Credit Constraints, and Collateral : Investment in the Mexican Manufacturing Sector

Investment in the Mexican Manufacturing Sector

Financial Liberalization, Credit Constraints, and Collateral : Investment in the Mexican Manufacturing Sector
This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment-level data from the manufacturing sector. It analyzes changes in cash-flow sensitivities and uses an innovative approach to explore the role of real estate as collateral and deal with a potential censoring problem. The results suggest... READ MORE...

Publication date: March 1999
ISBN 9781451844245
$15.00

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