Austria's Small and Medium-sized Enterprises in the Financial Market Crisis
The global financial crisis, which had its origins in the bursting of the real estate bubble in the USA, has affected the confidence in the functionality of the modern banking and financial system. Such a situation poses the threat of a reduction of credit supply, which can lead to an outright credit crunch. As a result of insufficient access to capital markets, small and medium-sized enterprises would be particularly vulnerable to a credit crunch. In Austria, a section of small and medium-sized enterprises has been hit by the decrease in demand and deterioration of financing conditions. However, this does not constitute an overall credit crunch for small enterprises.
Volume (Year): 15 (2010)
Issue (Month): 1 (April)
|Contact details of provider:|| Postal: |
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:wfo:wquart:y:2010:i:1:p:121-126. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz)
If references are entirely missing, you can add them using this form.