This paper evaluates the performance of a variety of structural VAR models in estimating the impact of credit supply …, on average, that credit supply shocks that raise spreads by 10 basis points reduce GDP growth and inflation by 1% after …

three case studies how SME leasing can be supported via credit enhancement techniques. These examples, taken from recent EIF … the tool-set for SME finance, also against the background of market weaknesses for SME lending. It explains the mechanics … and logic of SME leasing and provides latest available market information. Furthermore, the paper explains in the form of …

Government-driven credit played an important role in countervailing the private credit crunch in Brazil during the … recent financial crisis. However, government credit concessions continued to expand after the economy recovered. This paper … firms have benefited most from the government-sponsored credit expansion. Additionally, although higher access to earmarked …

and weak contract enforcement at home, domestic expansion of SMEs is constrained by the necessity of awarding trade credit … to new clients. We show that small firms with a lot of outstanding trade credit expand sales the most following export …