What do Basel Capital Accords mean for SMEs?
This paper analyses the impact of the new Basel Capital Accords (Basel II and Basel III) on the bank’s capital requirements in a portfolio of Small and Medium-sized Enterprises (SMEs) when the internal ratings-based (IRB) approach is used. To do this, the study uses a large database of Spanish firms and covers the period from 2005 to 2009. We also examine the effect on the credit risk premium charged by banks of the guarantee offered by a Loan Guarantee Association (LGA) to a SME; and whether this foreseeable decrease in the interest rates applicable to the SME is compensated by the cost of this guarantee
|Date of creation:||Apr 2011|
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- Trujillo Ponce, Antonio & Cardone Riportella, Clara, 2006. "Efectos del aval de las SGRs en la financiación de las PYME y los requerimientos de capital de Basilea II," DEE - Documentos de Trabajo. Economía de la Empresa. DB db060302, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
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