RT Journal Article
T1 Does recent regulation improve (or not)  the Spanish mutual guarantee system?
A1 Cardone Riportella, Clara
A1 Garcia-Mandaloniz, Marta
K1 Small business regulation
K1 Small business finance
K1 Mutual guarantee system
K1 Mutual guarantee societies
K1 Guarantee cost
AB This paper aims to analyse the new regulation framework and its impact on the Spanish mutual guarantee system (MGS), especially on the cost of the guarantee. The main conclusions are that the reforms which were introduced do not directly affect the reduction of this guarantee cost. Nevertheless, in our opinion, the regulation has strengthened the mutual guarantee system during the crisis as a result of the banks generating confidence to this financial intermediary, which helps to correct credit market failures. Currently, banks are more likely to recognize the role of the MGS and the declining risk involved thanks to the guarantee offered by the MGS that exhibits stronger solvency, liquidity and good governance policies.
PB Econ.Journals
SN 2146-4138
YR 2017
FD 2017
LK http://hdl.handle.net/10433/16805
UL http://hdl.handle.net/10433/16805
LA en
NO International journal of economics and financial issues, 2017, Vol.7 (1)
NO Universidad Pablo de Olavide
DS RIO
RD May 9, 2026