We evaluate the effectiveness of a partial credit guarantee program implemented in a large Italian region using unique …

decisions of SMEs have been affected by credit constraints in the wake of the Great Recession. Variability in banks’ financial … health following the 2008 crisis is used as an exogenous determinant of firms' access to credit. Findings, relative to the … Belgian economy, clearly highlight that credit matters. They show that SMEs borrowing money from pre-crisis financially less …

decisions of SMEs have been affected by credit constraints in the wake of the Great Recession. Variability in banks' financial … health following the 2008 crisis is used as an exogenous determinant of firms' access to credit. Findings, relative to the … Belgian economy, clearly highlight that credit matters. They show that SMEs borrowing money from pre-crisis financially less …

SMEs' growth in Italy, the Benelux and the Nordic countries (Denmark, Finland, Norway and Sweden) from 2002 to 2016. In …

This paper provides a pan-European assessment of EU credit guarantees to SMEs. Synthesizing past research, it … intangible assets (by one third of the initial share in Italy and the Nordic countries), sales (by 6 to 35%), employment (by 8 to …

rates. The study also estimates the effects of guaranteed loans on SME productivity. Consistent with earlier works, the …