SME Finance Policy Guide

G-20 SME FINANCE POLICY GUIDE
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Basel II/III and SME finance
Saurina, J. and C.Trucharte. 2003. “The Impact of Basel II on Lending to Small and Medium-Sized Firms: A Regulatory Policy
Assessment based on the Spanish Credit Register”. Bank of Spain, Madrid.
Jacobson, T., J. Linde, and K. Roszbach. 2004. ‘Credit Risk versus Capital Requirements under Basel II: Are SME Loans and Retail
Credit Really Different?’ Journal of Financial Services Research, 28(1/2/3):43-75.
Altman, E.I. and G. Sabato. 2005. “Effects of the new Basel Capital Accord on bank capital requirements for SMEs”. Journal of
Financial Services Research 28, 15–42.
Ayadi R, 2005, ‘The New Basel Capital Accord and SME Financing: SMEs and the New Rating Culture’, Centre for European Policy
Studies, November 2005. Basel III: A global regulatory framework for more resilient banks and banking systems (December 2010) BIS
Beck, Thorsten, A. Demirgüç-Kunt, and R. Levine. 2005. “Law and Firms’ Access to Finance”. American Law and Economics
Review. 7 , 211-252.
Gottschalk, Ricardo (2007), ‘Basel II implementation in developing countries and effects on SME development.’ Institute of
Development Studies, (unpublished).
Enabling Regulatory Frameworks for Non-Bank Financial Institutions
IFC. 2005. “Leasing in Development: Guidelines for Emerging Economies”. Washington, DC.
Klapper, Leora. 2005. “The Role of Factoring for Financing Small and Medium Enterprises.” World Bank Policy Research Working
Paper 3593. World Bank. Washington, DC.
IFC Board paper on Warehouse Receipt Financing and Supply Chain Financing, 09.09.2010.
Trade Note No.29, World Bank Group, International Trade Department, Leora Klapper 2006 and updated 2009.
World Bank Development Research Group, “Factoring around the World”, Leora Klapper, Feb 2009.
Competition
Beck T, de Jonghe O, Schepens G. 2011. “ Bank Competition and Stability: Cross-Country Heterogeneity”.
European Banking Center Discussion Paper, No. 2011-019. Available at: http://arno.uvt.nl/show.cgi?fid=115231
Bond et al (2008) available at: http://www.philadelphiafed.org/research-and-data/publications/working-papers/2008/wp08-24.pdf
De la Torre, Augusto, M. Martínez Pería, and S. Schmukler. 2009. “Drivers and Obstacles to Banking SMEs: The Role of Competition
and the Institutional Framework”. CESifo Working Paper Series CESifo Working Paper No. 2651, CESifo Group Munich.
Cetorelli, N. (2004). Real Effects of Bank Competition. Journal of Money, Credit, and Banking 36 (3): 543-558
Brown, M. and Rueda Maurer, M. (2005). Bank Ownership, Bank Competition, and Credit Access: Firm-Level Evidence from
Transition Countries. Mimeo. Swiss National Bank.
Santiago Carbó-Valverde & Francisco Rodríguez-Fernández & Gregory F. Udell, 2009. “Bank Market Power and SME Financing
Constraints,” Review of Finance, Oxford University Press for European Finance Association, vol. 13(2), pages 309-340.
S. Mercieca, L. Schaeck, S. Wolfe “Bank Market Structure, Competition, and SME Financing Relationships in European Regions”
Journal of Financial Services Research, Vol. 36, pp. 137-155
Vives (2010) available at: http://www.voxeu.org/index.php?q=node/5534
World Bank, 2011, MENA Financial Sector Flagship
Secured Transactions
Alvarez de la Campa, 2010, ‘Increasing Access to Credit through Reforming Secured Transactions in the MENA Region’, June 2010.
IFC, “Secured Transactions Systems and Collateral Registries”, January 2010;
EBRD, Dahan, Simpson, 2008. “Secured Transactions Reform and Access to Credit”;
The World Bank Principles and Guidelines for Insolvency and Creditor Rights Systems, (revised 2005);