SMEs and the credit crunch Current financing difficulties, policy measures and a review of literature
SMEs and the credit crunch: Current financing difficulties, policy measures and a review of literature

After a brief overview of current financing difficulties for SMEs and policy measures to support SME lending during the crisis,this article presents a literature review related to difficulties in SME's access to finance during the crisis, against a background of a sharp decline in bank profitab...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Wehinger, Gert (VerfasserIn)
Format: Elektronisch Buchkapitel
Sprache:English
Veröffentlicht: Paris OECD Publishing 2014
Schlagworte:
Finance and Investment
Online-Zugang:DE-384
DE-473
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DE-1028
DE-1049
DE-521
DE-861
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DE-92
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Volltext
Zusammenfassung:After a brief overview of current financing difficulties for SMEs and policy measures to support SME lending during the crisis,this article presents a literature review related to difficulties in SME's access to finance during the crisis, against a background of a sharp decline in bank profitability and an erosion of bank capital that negatively affected lending. The articles reviewed are classified according to four main issues of interest:the impairment of the bank-credit channel and its economic effects;factors potentially attenuating the effect of a financial squeeze;the role of global banking in mitigating but also transmitting financial shocks; and,looking ahead,issues related to so-called "credit-less recoveries" that should be relevant in guiding policy makers in the current environment of financial deleveraging. All the results hold important implications for policy making given the bail-outs and the large injections ofliquidity by central banks during the crisis
Beschreibung:1 Online-Ressource (34 Seiten) 21 x 28cm
DOI:10.1787/fmt-2013-5jz734p6b8jg

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