by
Shekhar Mr. Aiyar, A. Mr. Al-Eyd, Bergljot Ms. Barkbu
Language: English
Release Date: May 7, 2015
Small and medium-sized enterprises (SMEs) account for a disproportionate share of output and employment in Europe but are still highly dependent on bank finance, which dried up or became prohibitively expensive during the crisis. Broader access to alternative, long-term finance through securitization...