are still highly dependent on bank finance, which dried up or became prohibitively expensive during the crisis. Broader … access to alternative, long-term finance through securitization would limit their exposure to banking sector difficulties and … securitization market in Europe and proposes a comprehensive multi-faceted strategy to support its development through regulatory …

. This paper provides an overview of the drivers of the stagnation of bank lending in Europe and discuss four main areas of … opportunity for mitigating potential bank lending constraints: the further development of direct capital market financing …

to SME's access to finance and is as such even more important in the aftermath of the crisis. …

the euro area. Using firm‐level survey data on SME financing conditions, we show that an increase in securitization …This paper analyzes the impact of securitization on access to finance for small and medium‐sized enterprises (SMEs) in … issuance reduces the probability of SMEs facing credit constraints and decreases the costs of bank financing for nonconstrained …

. -- Bankenregulierung ; Verbriefung ; Selbstbehalt ; Interbankenmarkt …