SME Finance Policy Guide

94
GLOBAL PARTNERSHIP FOR FINANCIAL INCLUSION
Welsh (IRIS, Center for Institutional Reform and the Informal Sector, University of Maryland), 2003. “Secured Transactions Law:
Best Practices & Policy Options”;
Insolvency Regimes
Berkowitz, J. and M. White. “Bankruptcy and Small Firms’ Access to Credit.” 35 RAND Journal of Economics, (2004) 68-84 at p. 81.
Djankov, Simeon; & McLiesh, Caralee; Shleifer, Andrei. 2005. “Private Credit in 129 Countries,” NBER Working Papers 11078,
National Bureau of Economic Research, Inc.
World Bank Principles for Effective Insolvency and Creditor Rights Systems (World Bank).
UNCITRAL Legislative Guide on Insolvency Law (UNCITRAL).
John Armour and Douglas Cumming, “Bankruptcy Law and Entrepreneurship” (2008) American Law and Economics Review
(Oxford: Oxford University Press), 303.
Uttamchandani, Mahesh, ‘No Way Out: The Lack of Efficient Exit Regimes in MENA’, paper prepared for the MENA Finance
Flagship, World Bank.
Uttamchandani, M., Menezes, A., 2010. “Freedom to Fail: Why Small Business Insolvency Regimes are Critical for Emerging
Markets”, International Corporate Rescue, No. 4, Vol. 7. Chase Cambria.
Credit Information Systems
Love, I. and N. Mylenko. 2003. “Credit Reporting and Financing Constraints”. Washington, D.C.: World Bank.
Madeddu Oscar, 2010, ‘Status of Information Sharing and Credit Reporting Infrastructure’, paper prepared for the MENA Finance
Flagship, World Bank.
2011, “General Principles for Credit Reporting”- consultative report, The World Bank. http://siteresources.worldbank.org/
FINANCIALSECTOR/Resources/GeneralPrinciplesforCreditReporting(final).pdf
Payment Systems
World Bank 2008, Balancing Cooperation and Competition in Retail Payment Systems.
World Bank, 2009, Global Payment System Survey.
World Bank, 2009, Measuring Payment System Development.
World Bank and BIS 2007, General Principles for International Remittances.
BIS 2006, General Guidance for National Payment Systems Development.
Equity Investment
Beck, Thorsten, and R. Levine. 2004. “Stock Markets, Banks and Growth: Panel Evidence”. Journal of Banking and Finance. 28 (3),
423-442.
Belke, A.; R. Fehn, and N. Foster, 2003, “Does Venture Capital Investment Spur Employment Growth?” CESIFO Working Paper 930
Kortum, S. and J. Lerner, 2000, “Assessing the impact of venture capital on innovation” Rand Journal of Economics 31, 4, 674-692.
Mako, William, 2010, ‘Investment Funds’, paper prepared for the MENA Finance Flagship, World Bank
Mako, William, 2009, ‘Mobilizing Long-term Finance: Next Steps in Egypt’s Capital Market Development’ World Bank
Pearce, Douglas; Nasr Sahar. 2011. “Small and Medium Enterprise Finance in the Middle East and North Africa”. Unpublished draft.
Rainer Fehn & Thomas Fuchs, 2003. “Capital Market Institutions and Venture Capital: Do They Affect Unemployment and Labour
Demand?,” CESifo Working Paper Series 898, CESifo Group Munich
The Economic Impact of Venture Capital and Private Equity in South Africa, 2009 Southern African Venture Capital and Private
Equity Association, Development Bank of Southern Africa