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We analyze the relationship between bank size and risk-taking under the New Basel Capital Accord. Using a model with imperfect competition and moral hazard, we show that the introduction of an internal ratings based (IRB) approach improves upon flat capital requirements if the approach is...
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Small and medium-sized enterprises are a centrepiece of Europe's economy. Due to their limited size and their generally lower creditworthiness, their access to financial market instruments is more limited than for large enterprises, which benefit from more elaborate Treasury operations,...
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Small and medium-sized enterprises (SMEs) face obstacles in raising capital and accessing financial services due to information asymmetry, high transaction costs and lack of collateral. FinTech developments have made gathering and sharing information easier, changed how funds are mobilized and...
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This study examines the recently revived credit guarantee fund (KGF) mechanism in Turkey from a comparative historical …-based financial system in Turkey, state banks and the public sector, was unable to resolve the access to finance problem of SMEs in … financial crisis has exacerbated the access to finance problem of Turkish SMEs. This paper posits that, for Turkey to resolve …
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