-sized enterprises (SMEs) in Asia. Owing to their significance to national economies, it is important to find ways to provide SMEs with … stable finance. One efficient way to promote SME financing is through credit guarantee schemes, where the government … guarantees a portion (ratio) of a loan provided by a bank to an SME. This research provides a theoretical model and an empirical …

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. …