Research shows CEE firms bribe bankers to get credit
A new study from the Bank of Finland's Institute for Economies in Transition provides evidence that bribing bank officials facilitates firms' access to bank loans in central and eastern Europe and the former Soviet Union.
Using a data set compiled by the European Bank for Reconstruction and Development (EBRD) and the World Bank, the paper: Does money buy credit? Firm-level evidence on bribery and bank debt, by Zuzana Fungáčová, Anna Kochanova and Laurent Weill, finds that the prevalence of
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