Emma Galli

About Emma Galli

Emma Galli is professor of Public Finance at the Department of Social and Economic Sciences of Sapienza University of Rome (Italy).
Author Archive | Emma Galli
Economics, Finance, Governance

Is corruption “sand in the wheels” for credit markets? Evidence from European MSMEs

Is corruption “sand in the wheels” for credit markets? Evidence from European MSMEs
Bank credit is a crucial financing tool for micro, small, and medium-sized enterprises (MSMEs) given their difficulty in entering equity markets. However, accessing bank credit is not as easy as one might think. Specifically, MSMEs often face difficulties when they need to provide valid collateral to loan officers (Cowan, Drexler, and Yañez, 2015). Read more.