Abstract
This study examines whether or not there is a credit rationing for Tunisian small- and medium-sized enterprises in the bank credit market. We propose a novel and more explicit measure of the credit rationing level. On the basis of a new panel data set of Tunisian SMEs, the results of the estimation show that the problem of credit rationing is present in the Tunisian bank credit market. The most exposed to this problem are the smaller firms, which are generally more informationally opaque and are lacking guarantees. The public status of Tunisian banks has not helped to solve this problem.
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