Overview
- Identifies different forms of credit rationing and some types of distortions in credit markets
- Provides evidence on the issue of gender discrimination and the effects that judicial systems and legal enforcement may have on the access to finance for SMEs
- Offers insights on the transmission channel (contagion effect) from sovereign to bank risk that emerged during the European sovereign debt crisis
- Provides evidence in favour of a revision of the current regulatory framework, to soften the procyclicality issues that have arisen with Basel III
Part of the book series: Palgrave Macmillan Studies in Banking and Financial Institutions (SBFI)
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About this book
This book explores how the global financial and European sovereign debt crises have forced small-and-medium-sized businesses (SMEs) to reassess and adapt their funding strategies. At the heart of the matter is the worsening access to bank credit for such enterprises. Through this discussion we learn how crucial an understanding of SME-financing is to policy makers, in light of the fact that SMEs dominate the business landscape in Europe and are the main drivers of employment, growth and innovation in the European economy. Contributing chapters present expert analysis and investigate many topics including the problems faced by SMEs in accessing bank credit and the cost of funding and its determinants. Particular attention is also given to how credit-constrained enterprises may reformulate their funding strategies by employing alternative, non-bank, financial resources, and how regulators could support SMEs in broadening and improving their funding opportunities.
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Keywords
Table of contents (11 chapters)
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Front Matter
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Credit Market Environment and SME Finance in Europe
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Front Matter
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SME Funding and the Role of Alternative Non-Bank Finance in Italy
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Front Matter
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Back Matter
Editors and Affiliations
About the editor
Stefania P. S. Rossi is Professor of Economics at the University of Cagliari, Italy. She has been a postdoctoral visiting scholar at Stanford University, USA, an Economist at the World Bank, and a Professor at the University of Vienna, Austria. Her publications include many articles in the field of financial markets and banking.
Bibliographic Information
Book Title: Access to Bank Credit and SME Financing
Editors: Stefania Rossi
Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions
DOI: https://doi.org/10.1007/978-3-319-41363-1
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-3-319-41362-4Published: 15 December 2016
Softcover ISBN: 978-3-319-82333-1Published: 11 July 2018
eBook ISBN: 978-3-319-41363-1Published: 02 December 2016
Series ISSN: 2523-336X
Series E-ISSN: 2523-3378
Edition Number: 1
Number of Pages: XXX, 332
Number of Illustrations: 101 b/w illustrations, 20 illustrations in colour
Topics: Banking, Capital Markets