Post-COVID-19 SME financing constraints and the credit guarantee scheme solution in Spain
Autor: | Antonio Trujillo-Ponce, Felix Corredera-Catalán, Filippo Di Pietro |
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Jazyk: | angličtina |
Rok vydání: | 2021 |
Předmět: |
Scheme (programming language)
Economics and Econometrics Coronavirus disease 2019 (COVID-19) Vulnerability SMEs Bank financing 0502 economics and business Pandemic Credit risk computer.programming_language 040101 forestry Finance 050208 finance business.industry 05 social sciences COVID-19 04 agricultural and veterinary sciences Limiting Business ecosystem 0401 agriculture forestry and fisheries Original Article Business Mutual guarantee societies computer Economic problem |
Zdroj: | Journal of Banking Regulation |
ISSN: | 1750-2071 1745-6452 |
Popis: | Countries around the world are working hard to fight against the economic crisis caused by the coronavirus pandemic, with a special emphasis on small- and medium-sized enterprises (SMEs) due to their vulnerability and importance in the business ecosystem. This paper analyzes the Spanish guarantee model and the measures taken by regional governments in conjunction with the main mutual guarantee societies (MGSs) to mitigate the economic problems associated with the COVID-19 pandemic. We show that public administrations may use guarantee schemes as instruments to improve SME access to financing while limiting the burden on the public budget. |
Databáze: | OpenAIRE |
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