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 …

We use variation in the access to a government credit certification program to estimate the
financial and real effects of supporting small firms. This program was first implemented …

Using data for the Italian Central Guarantee Fund for Small and Medium Enterprises, the
paper analyses the effect of partial credit guarantees on firms' financing. We show that …

The paper evaluates the impact of the guarantees provided by the Italian scheme Fondo di
Garanzia on the access to credit for small and medium enterprises. The study exploits the …

We use the 2021 vintage of the EIB Investment Survey (EIBIS) which contains a detailed set
of questions regarding the nature of the policy support to firms during the COVID-19 crisis …

The purpose of this paper was to discuss challenges faced by SMEs in raising finance in
Uganda. Basing on the critical document review, the paper uses social capital theory to …

This study evaluates the causal effects of admission to the Italian credit guarantee program
on SMEs' profitability, financial health, investments, borrowing costs, and creditworthiness. It …

This report discusses the activity of credit guarantee schemes (CGSs) in Western Europe
and presents an analysis based on a novel survey, conducted by the European Investment …

This paper analyses the effects that public credit guarantees have on SME business activity
and investment. We focus the study on the main regional mutual guarantee institution in the …

Questo rapporto riassume i risultati di un progetto di ricerca svolto dalla Banca d'Italia nel
corso dell'ultimo biennio. Il rapporto fornisce un quadro aggiornato dei divari territoriali in …