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For firms' business and investment decisions their access to finance is a critical determinant. In times when access to finance becomes tight, corporations face either higher capital costs or they have to postpone their investment decisions when credit lines are not prolongated. Since business...
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The SME access-to-finance problem is not universal in the European Union and there are reasons for the fall in credit … aggregates and higher SME lending rates in southern Europe. Possible market failures, high unemployment and externalities justify … quality review before it takes over the single supervisory role. Of the possible initiatives for fostering SME access to …
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Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher borrowing rates than their peers of the core (e.g. Germany, France) and this divergence is widening. It is argued that severe market failures prevent SMEs in southern euro area...
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Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in countries where firms borrowed more from domestic banks ("domestic bank dependence") than in countries where firms borrowed more from international banks. Eurozone banking...
Persistent link: https://www.econbiz.de/10012860572
Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in countries where firms borrowed more from domestic banks (“domestic bank dependence”) than in countries where firms borrowed more from international banks. Eurozone banking...
Persistent link: https://www.econbiz.de/10012861517
After the inception of the euro, the real economy in most member countries remained dependent on credit by domestic banks, which increasingly funded themselves through cross-border interbank funding. We find that this pattern of 'double-decker' banking integration exposed domestic banks to sharp...
Persistent link: https://www.econbiz.de/10012656056
Kleine und mittlere Unternehmen (KMU) in südlichen Euro-Volkswirtschaften wie Italien und Spanien zahlen seit längerem … immer größer. Es wird häufig argumentiert, dass ein gravierendes Marktversagen den Zugang der KMU in südlichen Ländern zu … Verbesserung des Finanzmarktzugangs für KMU, die sowohl den EU-Institutionen als auch der EZB im Rahmen ihres Mandats zur Sicherung …
Persistent link: https://www.econbiz.de/10009779172