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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...
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Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in … banks while foreign banks' lending to the real sector stayed flat. Hence, SMEs remained dependent on domestic banks and were … sectors and countries with many SMEs vulnerable to global banking shocks. …
Persistent link: https://www.econbiz.de/10012119808
, from access to securitized lending and stock markets. These limitations for SMEs may seriously limit their expansion …, a conference on "Financing SMEs in Europe" was jointly organised by SUERF and the Banque de France on 11 and 12 … September 2008 in Paris. The conference addressed three issues: First, major theories of SMEs' financing behaviour were …
Persistent link: https://www.econbiz.de/10011705468
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shock, in contrast, reduces the approval likelihood for SME loans in particular, while agro and micro loans are considerably …
Persistent link: https://www.econbiz.de/10011395316
loan approval and affects SME rather than micro borrowers …
Persistent link: https://www.econbiz.de/10013056178
shock, in contrast, reduces the approval likelihood for SME loans in particular, while agro and micro loans are considerably …
Persistent link: https://www.econbiz.de/10012552134
Small and medium size enterprises (SMEs) of southern euro-area economies (e.g. Italy, Spain) pay significantly higher … market failures prevent SMEs in southern euro area countries from access to key inputs, in particular access to finance. This … paper makes an assessment of feasible options to improve finance access of SMEs, available to EU institutions as well as to …
Persistent link: https://www.econbiz.de/10010255130