Verschlechterung der wirtschaftlichen Situation. Bereits im Vorfeld einer Insolvenz ergeben sich nicht nur für Unternehmensorgane …

This paper analyzes the impact of securitization on access to finance for small and medium‐sized enterprises (SMEs) in … the euro area. Using firm‐level survey data on SME financing conditions, we show that an increase in securitization … firms. Our results reveal that in addition to the volume of securitization, its type and quality matter for credit extension …

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 … national enforcement and insolvency frameworks and standardized reporting requirements; and (iii) greater capacity of EU …