Small and Medium Size Enterprises, Credit Supply Shocks, and Economic Recovery in Europe

Small and Medium Size Enterprises, Credit Supply Shocks, and Economic Recovery in Europe
The limited access to bank credit in recent years has increased the pressure on small and medium size enterprises (SMEs), forcing them to scale down investment plans and production. This paper, which explores the macroeconomic implications of this channel, finds evidence that countries with high prevalence of SMEs tended to recover more slowly... READ MORE...

Publication date: June 2014
ISBN 9781498303590
$18.00

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