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This paper takes stock of the empirical evidence on the financing challenges faced by small and medium enterprises, especially in developing countries. The paper first discusses the institutional constraints that impede access to finance, including the lack of reliable credit information, lack...
Persistent link: https://www.econbiz.de/10012943536
This paper uses cross-country firm-level surveys to gauge access to financial services and the importance of financing constraints for African enterprises. The paper compares access to finance in Africa and other developing regions of the world, within Africa across countries, and across...
Persistent link: https://www.econbiz.de/10012972791
After the inception of the euro, the real economy in most member countries remained dependent on credit by domestic banks, which increasingly funded themselves through cross-border interbank funding. We find that this pattern of 'double-decker' banking integration exposed domestic banks to sharp...
Persistent link: https://www.econbiz.de/10012656056
Persistent link: https://www.econbiz.de/10012887904
Persistent link: https://www.econbiz.de/10010205383
This paper takes stock of the empirical evidence on the financing challenges faced by small and medium enterprises, especially in developing countries. The paper first discusses the institutional constraints that impede access to finance, including the lack of reliable credit information, lack...
Persistent link: https://www.econbiz.de/10012245522
Persistent link: https://www.econbiz.de/10012224546
Persistent link: https://www.econbiz.de/10011577129
Persistent link: https://www.econbiz.de/10011967060
economic development, particularly concentrating on the diversification and expansion of the SME sector. Second-tier banks … remain SMEs' main source of financing. Due to the higher risks associated with SMEs, they have to borrow money at high …, banks have become more reluctant to lend funds to SMEs. The government's use of a credit guarantee scheme (CGS) relies on …
Persistent link: https://www.econbiz.de/10011949765