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Basel III and SME access to credit : Evidence from France

Author

Listed:
  • Thomas Humblot

    (Larefi, Université Bordeaux IV)

Abstract

This paper investigates Basel III potential effects on SME access to bank credit. In an innovative empirical framework, French small firms are studied using microdata over the 2008-2013 periods. We conclude that the new regulation will have an M-shaped impact. Eventually, Basel III eliminates low profitable exposures regardless of their regulatory charge alleviations, restricts risky positions despite of their profitability and digs SME funding gap. Only regulatory adjusted dominant risk/return profiles are funded. On average, no reduction in credit maturity nor in volume is observable. The overall effect ultimately depends on banks’ initial position.

Suggested Citation

  • Thomas Humblot, 2014. "Basel III and SME access to credit : Evidence from France," Larefi Working Papers 1406, Larefi, Université Bordeaux 4.
    • Handle: RePEc:laf:wpaper:cr1406
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    File URL: http://lare-efi.u-bordeaux4.fr/IMG/pdf/CR14-EFI06.pdf
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    More about this item

    Keywords

    Basel III; regulation; Small and Medium-sized Enterprises; credit access; fixed effects model.;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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