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The real effects of EU loan guarantee schemes for SMEs: a pan-European assessment
Brault, Julien; Signore, Simone - 2019
This paper provides a pan-European assessment of EU credit guarantees to SMEs. Synthesizing past research, it investigates the firm-level economic impact of over 360,000 guaranteed loans under the EU MAP and CIP programmes from 2002 to 2016. These loans represented a total amount of EUR 22bn...
Persistent link: https://www.econbiz.de/10012021696
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COVID-19 and corporate finance
Pagano, Marco; Zechner, Josef - 2022
Persistent link: https://www.econbiz.de/10013392365
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The economic impact of EU guarantees on credit to SMEs : evidence from CESEE countries
Asdrubali, Pierfederico; Signore, Simone - 2015
entrepreneurship EU SME Guarantee Facility in Central, Eastern and South-Eastern European (CESEE) Countries in the period 2005 …-2012. Data on SME beneficiaries has been collected from administrative records and enriched with information on firms' financial … to evaluate the effect of having received a MAP-guaranteed SME loan on firm performance (employment, production …
Persistent link: https://www.econbiz.de/10011861131
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The effects of EU-funded guarantee instruments of the performance of small and medium enterprises : evidence from France
Bertoni, Fabio; Colombo, Massimo G.; Quas, Anita - 2018
rates. The study also estimates the effects of guaranteed loans on SME productivity. Consistent with earlier works, the …
Persistent link: https://www.econbiz.de/10011939685
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Rescue policies for small businesses in the Covid-19 recession
Di Nola, Alessandro; Kaas, Leo; Wang, Haomin - 2022
While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...
Persistent link: https://www.econbiz.de/10013166369
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From convoy to parting ways? : post-crisis divergence between European and US macroeconomic policies
Pisani-Ferry, Jean; Posen, Adam Simon - 2011
The response in 2008-09 to the global financial crisis was in many ways a high water mark for transatlantic policy coordination. The major economies of the EU and the US rapidly agreed on a series of measures to limit the crisis. However, the common approach has since unraveled. This paper...
Persistent link: https://www.econbiz.de/10008907705
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International crises and policy responses in the Southern cone
Borensztein, Eduardo; Castilleja, Liliana; Hernaiz, Daniel - 2012
This document analyzes the patterns of fiscal and monetary policy in five economies of the Latin American Southern Cone (Argentina, Brazil, Chile, Paraguay and Uruguay) during four episodes of international crises: 1994, 1997-1999, 2001 and 2008. In contrast with earlier episodes when most...
Persistent link: https://www.econbiz.de/10011303276
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Ordoliberalism, pragmatism and the Eurozone crisis : how the German tradition shaped economic policy in Europe
Feld, Lars P.; Köhler, Ekkehard A.; Nientiedt, Daniel - 2015 - This version: May 18, 2015
German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what extent this contention holds and to what extent Germany pragmatically responded to different crisis phenomena. A proper analysis of ordoliberal thinking reveals that the...
Persistent link: https://www.econbiz.de/10010528303
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Methodological tools for SIA : report of the CEPII Workshop held on 7 - 8 November 2002 in Brussels
2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002419512
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The macroeconomic policy challenges of balance sheet recession : lessons from Japan for the European crisis
Schnabl, Gunther - 2013
The paper compares the boom-and-bust cycles in Japan and Europe with respect to the reasons for excessive booms, the characteristics of the crises, and the (potential) effects of the crisis therapies. As in Japan the consequence of expansionary monetary and fiscal policies is the hysteresis of...
Persistent link: https://www.econbiz.de/10009743745