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Financial Crisis, Trade Finance, and SMEs: Case of Central Asia

Author

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  • Gloria O. Pasadilla

    (Asian Development Bank Institute)

Abstract

This paper surveys studies of the importance of Central Asian small- and medium-sized enterprises (SME) in the economy and their experience during the Russian financial crisis. It also uses survey data from the European Bank for Reconstruction and Development’s Business Environment and Enterprise Performance Surveys to infer noteworthy characteristics, features, and dependencies on financing of Central Asian SMEs and, consequently, derive the potential impact of the crisis on the sector. The paper also assesses government support for SMEs and the necessary market reforms that will give a boost to the sector’s development in the region.

Suggested Citation

  • Gloria O. Pasadilla, 2010. "Financial Crisis, Trade Finance, and SMEs: Case of Central Asia," ADBI Working Papers 187, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0187
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    Cited by:

    1. Bahtiyor R. Eshchanov & Mona Grinwis Plaat Stultjes & Sanaatbek K. Salaev & Ruzumboy A. Eshchanov, 2011. "Rogun Dam—Path to Energy Independence or Security Threat?," Sustainability, MDPI, vol. 3(9), pages 1-20, September.

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    Keywords

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    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • G01 - Financial Economics - - General - - - Financial Crises
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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