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Multilateral Development Banks and Their Role in Supporting European SMEs during the Current Financial Crisis

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  • Sorin Gabriel Anton

    (“Al. I. Cuza” University of Iasi)

Abstract

The impact of the ongoing financial crisis on the availability of finance to small and medium-sized enterprises (SMEs) represents an important topic nowadays. The access to finance for SMEs is a major barrier for their growth, especially during severe conditions such as the global financial crisis. Financing the SMEs represents a priority for the most of the multilateral development banks. The aim of the paper is to analyze the activity of European multilateral development banks - European Investment Bank Group and European Bank for Reconstruction and Development - in the support of SMEs. We found that SMEs financing increased during the period 2008-2011 and the international financial institutions took several measures in order to improve the SMEs access to finance.

Suggested Citation

  • Sorin Gabriel Anton, 2013. "Multilateral Development Banks and Their Role in Supporting European SMEs during the Current Financial Crisis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(6), pages 82-88, December.
    • Handle: RePEc:dug:actaec:y:2013:i:6:p:82-88
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/1966/2003
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    References listed on IDEAS

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    1. Vos, Ed & Yeh, Andy Jia-Yuh & Carter, Sara & Tagg, Stephen, 2007. "The happy story of small business financing," Journal of Banking & Finance, Elsevier, vol. 31(9), pages 2648-2672, September.
    2. Beck, Thorsten & Demirgüç-Kunt, Asli & Maksimovic, Vojislav, 2008. "Financing patterns around the world: Are small firms different?," Journal of Financial Economics, Elsevier, vol. 89(3), pages 467-487, September.
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    Cited by:

    1. Sorin Gabriel ANTON, 2013. "Development Financial Institutions And Their Role In Supporting Emerging Markets Private Equity Funds," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 4(4), pages 126-133, December.

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