margin. This study contributes valuable insights into the efficacy of public credit support programs during crises …

stable finance. One efficient way to promote SME financing is through credit guarantee schemes, where the government … analysis of factors that determine optimal credit guarantee ratio. The ratio should be able to fulfill the government's goal of … results show that three categories of factors can determine the optimal credit guarantee ratio: (i) government policy, (ii …

This study examines the role of loan guarantees in lines of credit granted to small businesses. Since there is evidence … credit and that loan guarantees and collateral are to some extent substitutes in that loans guarantees are a close substitute …