Regional Financial Markets and Credit Allocation: The Case of Small and Medium-Sized Firms in Northern Ireland
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.
KeywordsInterest Rate Small Firm Collateral Requirement Credit Allocation Fixed Asset Investment
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