Divari territoriali e limiti nell’accesso al credito per le PMI meridionali: quale ruolo per i Confidi Reportar como inadecuado




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Abstract

This paper focuses on the perspective role of Mutual Loan-Guarantee Consortia MLGC in mitigating credit constraints for SMEs located in the Italian Mezzogiorno. First, we argue how the functioning of MLGC fits into the theory of bank-firm relationships, also referring to the scarce empirical evidence on the issue. Second, we evaluate the weakness – in terms of size, volume of activity, patrimonial requirements and guaranteed loans – of the Southern MLGC system. We then provide insights on the impact of the novelties introduced by the New Basel Capital Accord Basel II on MLGC’s activity. Finally, we conclude for the need of public support to MLGC in the Mezzogiorno in order to enhance their function of facilitating the matching of demand and supply in the credit market.



Item Type: MPRA Paper -

Original Title: Divari territoriali e limiti nell’accesso al credito per le PMI meridionali: quale ruolo per i Confidi?-

English Title: Credit constraints for SMEs in the Italian Mezzogiorno: which role for Mutual Loan-Guarantee Consortia?-

Language: Italian-

Keywords: Consorzi Fidi, razionamento del credito, Mezzogiorno, rapporto banca-impresa-

Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O16 - Financial Markets ; Saving and Capital Investment ; Corporate Finance and GovernanceH - Public Economics > H8 - Miscellaneous Issues > H81 - Governmental Loans ; Loan Guarantees ; Credits ; Grants ; BailoutsG - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages-





Autor: Petraglia, Carmelo

Fuente: https://mpra.ub.uni-muenchen.de/15210/







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