Optimal Credit Guarantee Ratio for Asia

@article{Yoshino2016OptimalCG,
  title={Optimal Credit Guarantee Ratio for Asia},
  author={Naoyuki Yoshino and Farhad Taghizadeh Hesary},
  journal={Regulation of Financial Institutions eJournal},
  year={2016}
}
Difficulty in accessing finance is one of the critical factors constraining the development of small and medium-sized enterprises (SMEs) in Asia. Owing to their significance to national economies, it is important to find ways to provide SMEs with stable finance. One efficient way to promote SME financing is through credit guarantee schemes, where the government guarantees a portion (ratio) of a loan provided by a bank to an SME. This research provides a theoretical model and an empirical… 
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