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The Impact of the Increase in Market Interest Rates on The Credit Risk of Guarantees Issued Under the SME Invest Program

Author

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  • Dumitru Nancu

    (“Ovidius†University of Constanta)

Abstract

The present study aims to present the impact of market interest rates on the credit risk of the guarantee issued under the SME Invest program, in the context of the Covid-19 pandemic. The SME Invest program is the largest project initiated by the Romanian Government in recent years. It was launched in 2020, as a result of the pandemic that had repercussions on all economies around the world, namely the Covid -19 pandemic. The role of the SME Invest Romania program is to support and develop the Romanian economy during the crisis period. This study is based on the use and calculation of the EBITDA indicator. The main source of information is the National Credit Guarantee Fund for SMEs, the institution that manages and implements the SME Invest program.

Suggested Citation

  • Dumitru Nancu, 2021. "The Impact of the Increase in Market Interest Rates on The Credit Risk of Guarantees Issued Under the SME Invest Program," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1084-1087, December.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:1084-1087
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    More about this item

    Keywords

    SMEs; interest rates; bank credits; entrepreneurship; Covid-19 pandemic;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • D00 - Microeconomics - - General - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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