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Access to credit of SMEs and MTEs: decline in supply or lower demand? Lessons learned from a new quarterly business survey

Author

Listed:
  • F. Guinouard.
  • E. Kremp.
  • M. Randriamisaina.

Abstract

Since 2012, the Banque de France has conducted a new survey on access to bank loans /credit for industrial and service sector SMEs and MTEs. Firms appear to have reduced their demand for bank financing although the supply has not contracted.

Suggested Citation

  • F. Guinouard. & E. Kremp. & M. Randriamisaina., 2013. "Access to credit of SMEs and MTEs: decline in supply or lower demand? Lessons learned from a new quarterly business survey," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 30, pages 21-33, Summer.
    • Handle: RePEc:bfr:quarte:2013:30:02
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    File URL: https://publications.banque-france.fr/sites/default/files/medias/documents/quarterly-selection-of-articles_30_2013-summer.pdf
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    References listed on IDEAS

    as
    1. Garicano, Luis & Steinwender, Claudia, 2013. "Survive another day: does uncertain financing affect the composition of investment?," LSE Research Online Documents on Economics 48921, London School of Economics and Political Science, LSE Library.
    2. Kremp, Elizabeth & Sevestre, Patrick, 2013. "Did the crisis induce credit rationing for French SMEs?," Journal of Banking & Finance, Elsevier, vol. 37(10), pages 3757-3772.
    3. Christa Hainz & Tatjana Nabokin, 2013. "Measurement and Determinants of Access to Loans," CESifo Working Paper Series 4190, CESifo.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. J.-L. Cayssials. & J. Rhein., 2013. "The economic slowdown took a toll on SMEs’ profits and investments in 2012," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 31, pages 19-44, Autumn.

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    More about this item

    Keywords

    SME; MTE; demand and supply of credit; cash loans; investment credit; survey.;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General

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