TY - GEN AU - Parrado, Eric AU - Cerda, Maikol AU - Gertler, Paul AU - Higgins, Sean AU - Montoya, Ana MarĂ­a TI - Research Insights: Did Government-Guaranteed Loans Help MSMEs Mitigate the COVID-19 Pandemic Shock? PY - 2023 Y1 - 2023/11/22 DO - 10.18235/0005289 AB - Using Chile and Colombia as case studies, we conducted two randomized controlled trials to test how government-guaranteed loans during the COVID-19 pandemic impacted firms liquidity and earnings. COVID-19 loans improved total liquidity of treated micro, small and medium-sized enterprises (MSMEs) by 15.7%. The increase in short-term liquidity may have had a positive impact on MSMEs economic performance during the pandemics economic deterioration. UR - https://doi.org/10.18235/0005289 ER -