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What do Basel Capital Accords mean for SMEs?

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  • Cardone Riportella, Clara
  • Briozzo, Anahí
  • Trujillo Ponce, Antonio

Abstract

This paper analyses the impact of the new Basel Capital Accords (Basel II and Basel III) on the bank’s capital requirements in a portfolio of Small and Medium-sized Enterprises (SMEs) when the internal ratings-based (IRB) approach is used. To do this, the study uses a large database of Spanish firms and covers the period from 2005 to 2009. We also examine the effect on the credit risk premium charged by banks of the guarantee offered by a Loan Guarantee Association (LGA) to a SME; and whether this foreseeable decrease in the interest rates applicable to the SME is compensated by the cost of this guarantee

Suggested Citation

  • Cardone Riportella, Clara & Briozzo, Anahí & Trujillo Ponce, Antonio, 2011. "What do Basel Capital Accords mean for SMEs?," DEE - Working Papers. Business Economics. WB wb111004, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
    • Handle: RePEc:cte:wbrepe:wb111004
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    References listed on IDEAS

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    1. Cardone Riportella, Clara & Trujillo Ponce, Antonio, 2006. "Efectos del aval de las SGRs en la financiación de las PYME y los requerimientos de capital de Basilea II," DEE - Documentos de Trabajo. Economía de la Empresa. DB db060302, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
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    Cited by:

    1. Florin Mihai Magda, 2014. "BASEL III IMPACT ON BANKING SECTOR AND SMEs FINANCING," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 19.
    2. Ansgar Belke & Florian Verheyen, 2013. "Finance Access of SMEs: What Role for the ECB?," ROME Working Papers 201311, ROME Network.
    3. Valerie Revest & Alessandro Sapio, 2016. "The creation function of a junior listing venue: An empirical test on the Alternative Investment Market," LEM Papers Series 2016/32, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. Roman Angela & Rusu Valentina Diana, 2012. "The Access Of Small And Medium Size Enterprises To Banking Financing And Current Challanges: The Case Of Eu Countries," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-21.
    5. Franz R. Hahn & Werner Hölzl, 2011. "Auswirkungen von Basel III auf die Finanzierung kleiner und mittlerer Unternehmen in Österreich," WIFO Studies, WIFO, number 43813.
    6. repec:zbw:rwirep:0430 is not listed on IDEAS
    7. Ansgar Belke, 2013. "Finance Access of SMEs: What Role for the ECB?," Ruhr Economic Papers 0430, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.

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    1. Cardone Riportella, Clara & Trujillo Ponce, Antonio & Casasola, María José, 2008. "Credit risk mitigation and SMEs bank financing in Basel II : the case of the Loan Guarantee Associations," DEE - Working Papers. Business Economics. WB wb084011, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
    2. Clara Cardone-Riportella & Antonio Trujillo-Ponce & Anahí Briozzo, 2013. "Analyzing the role of mutual guarantee societies on bank capital requirements for small and medium-sized enterprises," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 16(2), pages 142-159, June.

    More about this item

    Keywords

    Bank capital requirements;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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