This book explores current financing options for small and medium
size enterprises (SMEs), with particular insight into the European
market. The authors position SME funding within a risk-averse
lending environment with high regulatory costs on business loans,
which has arisen from the recent financial crisis and new European
bank capital regulations. Chapters in the book demonstrate how and
why SMEs may be forced to leave the market and posit that shadow
banking and other alternative funding options are viable channels
for raising funds. A new and innovative SME credit risk model is
also presented. This book will appeal to all who share an interest
in sustainable solutions to issues in SME financing.
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