Small and medium-sized enterprises (SMEs) are the backbone of most Asian economies. The main obstacle to the … development of the SME sector is the lack of stable finance. Considering the bank-dominated characteristic of economies in Asia … SMEs. This paper examines how a credit rating scheme for SMEs can be developed, when access to other financial and non …

The financial crisis has brought to the fore concerns regarding small- and medium-sized enterprises' (SMEs) capacity to … access traditional bank lending. Using European firm-level data on SME access to finance since the onset of the financial … crisis, we find that bank-lending constrained SMEs are significantly more likely to avail of alternative forms of external …

When designing schemes to help SMEs survive crises, the government typically faces asymmetric information, so that it … cannot target the SMEs most worth saving. We show that the government can exploit the information in the borrower loan demand … fully subsidise the funding cost of only those SMEs whose loan size is below a threshold. If the aim is economic efficiency …