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Innovative financing models for SMEs and the regulatory implications

In: Global Shock, Risks, and Asian Financial Reform

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  • Shigehiro Shinozaki

Abstract

The growth of financial markets has clearly outpaced the development of financial market regulations. With growing complexity in the world of finance and the resultant higher frequency of financial crises, all eyes have shifted toward the current inadequacy of financial regulation. This book expertly examines what this episode means for Asia’s financial sector and its stability, and what the implications will be for the region’s financial regulation. By focusing on legal and institutional frameworks the book also elaborates on various issues and challenges in terms of how financial liberalization can maximize the benefits and minimize the risks of crisis.

Suggested Citation

  • Shigehiro Shinozaki, 2014. "Innovative financing models for SMEs and the regulatory implications," Chapters, in: Iwan J. Azis & Hyun S. Shin (ed.), Global Shock, Risks, and Asian Financial Reform, chapter 16, pages 628-675, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15939_16
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    References listed on IDEAS

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    1. Mr. Atish R. Ghosh & Swart R. Ghosh, 1999. "East Asia in the Aftermath: Was there a Crunch?," IMF Working Papers 1999/038, International Monetary Fund.
    2. Laffont, Jean-Jacques & Garcia, Rene, 1977. "Disequilibrium Econometrics for Business Loans," Econometrica, Econometric Society, vol. 45(5), pages 1187-1204, July.
    3. Rimbara, Yukio & Santomero, Anthony M, 1976. "A Study of Credit Rationing in Japan," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(3), pages 567-580, October.
    4. International Finance Corporation & World Bank, 2013. "Doing Business 2013 : Smarter Regulations for Small and Medium-Size Enterprises [Regulaciones inteligentes para las pequeñas y medianas empresas : resumen ejecutivo (Vol. 2)]," World Bank Publications - Books, The World Bank Group, number 11857.
    5. World Bank & International Finance Corporation, "undated". "Doing Business in Italy 2013 : Smarter Regulations for Small and Medium-Size Enterprises," World Bank Publications - Reports 13331, The World Bank Group.
    6. Kuntchev, Veselin & Ramalho, Rita & Rodriguez-Meza, Jorge & Yang, Judy S., 2013. "What have we learned from the enterprise surveys regarding access to credit by SMEs ?," Policy Research Working Paper Series 6670, The World Bank.
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