Access to credit in Argentina

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cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/FI 30(188/2007)
cepal.callNumberLC/L.2703-P
cepal.divisionEngFinancing for Development Division
cepal.divisionOldUnidad de Estudios Especiales
cepal.divisionSpaDivisión de Financiamiento para el Desarrollo
cepal.docTypeSeries
cepal.idSade28068
cepal.jobNumberS0700224 E
cepal.physicalDescriptiontablas
cepal.projectProyecto Strengthening the Role of Regional and National Financial Institutions for Sustainable Social Development GER/03/002
cepal.regionalOfficeSantiago
cepal.saleNumber07.II.G.52
cepal.topicEngFINANCING FOR DEVELOPMENT
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicSpaFINANCIAMIENTO PARA EL DESARROLLO
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorBebczuk, Ricardo N.
dc.contributor.entityGerman Agency for Technical Cooperation
dc.contributor.entityNU. CEPAL
dc.contributor.entityNU. CEPAL. Unidad de Estudios Especiales
dc.coverage.spatialEngARGENTINA
dc.coverage.spatialSpaARGENTINA
dc.date.accessioned2014-01-02T15:43:43Z
dc.date.available2014-01-02T15:43:43Z
dc.date.issued2007-04
dc.descriptionIncludes bibliography
dc.description.abstractAbstract The present work examines the access to credit by financially constrained SMEs in Argentina over the last decade, focusing on the role played by public banks, state credit policies, and non-traditional lending contracts such as leasing, factoring, microcredit and others. We loosely define financially constrained firms as those with good projects and insufficient internal funding. Our conclusions are the following: (a); Since not all SMEs are financially constrained in the previous sense but many of them would be willing to raise at better-than-market terms, a major challenge of any governmental policy aimed to deal with market failures (asymmetric information and intermediation costs); is to carefully sorting out applicants; (b); However, the actual operation seems to lack the technical independence nor resources to implement this basic principle; (c); More importantly, credit policies do not show the desirable degree of transparency towards taxpayers and other interested parties, making it difficult to pass any sound judgment about the impact of the programs in place on production, employment, and income distribution; (d); Based on publicly available information, public banks do not appear to perform better than private banks in improving the access to credit; and (e); Nontraditional instruments should not be expected to be the key for a structural solution to this issue. We finally propose a number of practical guidelines to strengthen the effectiveness, transparency and accountability of governmental credit policies.
dc.formatTexto
dc.format.extent36 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9789211216370
dc.identifier.unSymbolLC/L.2703-P
dc.identifier.urihttps://hdl.handle.net/11362/5163
dc.language.isoeng
dc.physicalDescription36 p. : tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Financiamiento del Desarrollo
dc.relation.isPartOfSeriesNo188
dc.rights.coarDisponible
dc.subject.unbisEngBANKING
dc.subject.unbisEngCREDIT
dc.subject.unbisEngFINANCIAL INSTRUMENTS
dc.subject.unbisEngSMALL AND MEDIUM ENTERPRISES
dc.subject.unbisEngMICROCREDIT
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaCREDITO
dc.subject.unbisSpaPEQUEÑAS Y MEDIANAS EMPRESAS
dc.subject.unbisSpaINSTRUMENTOS FINANCIEROS
dc.subject.unbisSpaMICROCREDITO
dc.subject.unbisSpaOPERACIONES BANCARIAS
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titleAccess to credit in Argentina
dc.type.coarlibro
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