2019
DOI: 10.5539/ijbm.v15n1p174
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Public Credit Guarantee Schemes in Supporting SMEs: An Evaluation of Effectiveness and Impacts

Abstract: Public credit guarantee schemes are set up with the purpose of facilitating access to credit by Small and Medium-sized Enterprises (SMEs). The aim of the paper is to study the effectiveness and impacts of the Italian Central Guarantee Fund (CGF)’s activity, one of the main public guarantee schemes in Europe. This is even more important in the light of the 2018 CGF reform. Analyzing a sample which includes all the guarantees issued by the CGF from 2012 to 2018 on loans made to manufactur… Show more

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