Show simple item record

dc.contributor.authorBebczuk, Ricardo N.
dc.date.accessioned2014-01-02T15:43:43Z
dc.date.available2014-01-02T15:43:43Z
dc.date.issued2007-04
dc.identifier.isbn9789211216370
dc.identifier.urihttps://hdl.handle.net/11362/5163
dc.descriptionIncludes bibliography
dc.description.abstractAbstract The present work examines the access to credit by financially constrained SMEs in Argentina over the last decade, focusing on the role played by public banks, state credit policies, and non-traditional lending contracts such as leasing, factoring, microcredit and others. We loosely define financially constrained firms as those with good projects and insufficient internal funding. Our conclusions are the following: (a); Since not all SMEs are financially constrained in the previous sense but many of them would be willing to raise at better-than-market terms, a major challenge of any governmental policy aimed to deal with market failures (asymmetric information and intermediation costs); is to carefully sorting out applicants; (b); However, the actual operation seems to lack the technical independence nor resources to implement this basic principle; (c); More importantly, credit policies do not show the desirable degree of transparency towards taxpayers and other interested parties, making it difficult to pass any sound judgment about the impact of the programs in place on production, employment, and income distribution; (d); Based on publicly available information, public banks do not appear to perform better than private banks in improving the access to credit; and (e); Nontraditional instruments should not be expected to be the key for a structural solution to this issue. We finally propose a number of practical guidelines to strengthen the effectiveness, transparency and accountability of governmental credit policies.
dc.format.extent36 páginas.
dc.language.isoen
dc.publisherECLAC
dc.relation.ispartofseriesSerie Financiamiento del Desarrollo
dc.titleAccess to credit in Argentina
dc.typeTexto
dc.contributor.entityGerman Agency for Technical Cooperation
dc.contributor.entityNU. CEPAL
dc.contributor.entityNU. CEPAL. Unidad de Estudios Especiales
dc.projectProyecto Strengthening the Role of Regional and National Financial Institutions for Sustainable Social Development GER/03/002
dc.divisionDivisión de Financiamiento para el Desarrollo
dc.divisionoldUnidad de Estudios Especiales
dc.publicationstatusDisponible
dc.regionalofficeSantiago
dc.physicaldescription36 p. : tabls.
dc.jobnumberS0700224 E
dc.salenumber07.II.G.52
dc.callnumberINT UN/FI 30(188/2007)
dc.callnumberLC/L.2703-P
dc.identifier.unsymbolLC/L.2703-P
dc.placeofeditionSantiago
dc.relation.ispartofseriesno188
dc.subject.spanishCREDITO
dc.subject.spanishPEQUEÑAS Y MEDIANAS EMPRESAS
dc.subject.spanishINSTRUMENTOS FINANCIEROS
dc.subject.spanishMICROCREDITO
dc.subject.spanishOPERACIONES BANCARIAS
dc.subject.spanishSISTEMAS MONETARIOS
dc.subject.spanishRECURSOS FINANCIEROS
dc.subject.englishBANKING
dc.subject.englishCREDIT
dc.subject.englishFINANCIAL INSTRUMENTS
dc.subject.englishSMALL AND MEDIUM ENTERPRISES
dc.subject.englishMICROCREDIT
dc.subject.englishMONETARY SYSTEMS
dc.subject.englishFINANCIAL RESOURCES
dc.coverage.spatialspaARGENTINA
dc.coverage.spatialengARGENTINA
dc.type.biblevelDocumento Completo
dc.doctypeSeries
dc.topic.spanishFINANCIAMIENTO PARA EL DESARROLLO
dc.topic.spanishSECTOR FINANCIERO Y MONETARIO
dc.topic.englishFINANCING FOR DEVELOPMENT
dc.topic.englishFINANCIAL AND MONETARY SECTOR
dc.idsade28068
dc.workarea.spanishDESARROLLO ECONÓMICO
dc.workarea.spanishESTADÍSTICAS
dc.workarea.englishECONOMIC DEVELOPMENT
dc.workarea.englishSTATISTICS
cepal.physicaldescriptiontablas


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record