RT Journal Article
T1 Post-COVID-19 SME financing constraints and the credit guarantee scheme solution in Spain
A1 Corredera-Catalán, Félix
A1 di Pietro, Filippo
A1 Trujillo-Ponce, Antonio
K1 COVID-19
K1 SMEs
K1 Credit risk
K1 Mutual guarantee societies
K1 Bank financing
AB Countries around the world are working hard to fight against the economic crisis caused by the coronavirus pandemic, with a special emphasis on small- and medium-sized enterprises (SMEs) due to their vulnerability and importance in the business ecosystem. This paper analyzes the Spanish guarantee model and the measures taken by regional governments in conjunction with the main mutual guarantee societies (MGSs) to mitigate the economic problems associated with the COVID-19 pandemic. We show that public administrations may use guarantee schemes as instruments to improve SME access to financing while limiting the burden on the public budget.
PB Springer
YR 2021
FD 2021-03-01
LK https://hdl.handle.net/10433/20611
UL https://hdl.handle.net/10433/20611
LA en
NO Journal of Banking Regulation 22, 250–260 (2021)
NO This is a post-peer-review, pre-copyedit version of an article published in  J Bank Regul 22, 250–260 (2021). The definitive publisher-authenticated version is available online at: https://doi.org/10.1057/s41261-021-00143-7
NO Deoartamento de Economía Financiera y Contabilidad. Universidad Pablo de Olavide.
DS RIO
RD May 13, 2026