Publication
Feb 2014
This brief looks at the problem of credit rationing for households and small and medium enterprises (SME) in the European credit market. It then sketches out a possible solution to the problem: a combination of top-down use of the monetary transmission mechanism and bottom-up, microeconomic stimulation of lending transactions. The authors also underline the high importance that households and micro companies attach to collateral and guarantees when making their lending decisions.
Download |
English (PDF, 13 pages, 1.0 MB) |
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Author | Frederic Helsen, Ales Chmelar |
Series | CEPS ECRI Policy Briefs |
Issue | 7 |
Publisher | European Credit Research Institute (ECRI) |
Copyright | © 2014 Centre for European Policy Studies (CEPS) and European Credit Research Institute (ECRI) |