Firm-Level Data and Monetary Policy: The Case of a Middle Income Country

2019 ◽  
Author(s):  
Lahcen Bounader ◽  
Mohamed Doukali
Keyword(s):  
Monetary Policy ◽  
Middle Income Country ◽  
Income Country ◽  
Firm Level ◽  
Middle Income ◽  
Level Data ◽  
Firm Level Data

scholarly journals Firm-Level Data and Monetary Policy

2019 ◽  
Vol 2019 (239) ◽  
Author(s):  
Lahcen Bounader ◽  
Mohamed Doukali
Keyword(s):  
Monetary Policy ◽  
Small And Medium Enterprises ◽  
Balance Sheet ◽  
Firm Level ◽  
Middle Income ◽  
Financing Decisions ◽  
Balance Sheet Channel ◽  
Level Data ◽  
Firm Level Data ◽  
Medium Enterprises

We test the existence of the balance sheet channel of monetary policy in a middle-income country. Firm-level data scarcity and quality, in such a context, make the identification of this channel a steep challenge. To circumvent this challenge, we use panel instrumental variables estimation with measurement error to analyze the financial statements of 58 500 Moroccan firms over the period 2010-2016. Our analysis confirms the existence of this channel. It shows that monetary policy has a significant impact on small and medium enterprises’ access to banks’ financing, and that firm-specific variables are key determinants of firms’ financing decisions.

Women break down the barriers to the Vietnamese social sciences and humanities

2019 ◽  
Author(s):  
Quan-Hoang Vuong
Keyword(s):  
Social Sciences ◽  
Gender Inequality ◽  
Middle Income Country ◽  
Women In Science ◽  
Income Country ◽  
The West ◽  
Middle Income ◽  
Social Sciences And Humanities ◽  
The Social ◽  
Low And Middle Income

Valian rightly made a case for better recognition of women in science during the Nobel week in October 2018 (Valian, 2018). However, it seems most published views about gender inequality in Nature focused on the West. This correspondence shifts the focus to women in the social sciences and humanities (SSH) in a low- and middle-income country (LMIC).

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