Autori
Petraglia, Carmelo
Giordano, Luca
Amaturo, Francesca

Titolo
Divari territoriali e limiti nell'accesso al credito per le PMI meridionali : quale ruolo per i Confidi?
Periodico
Rivista economica del Mezzogiorno
Anno: 2009 - Volume: 23 - Fascicolo: 1/2 - Pagina iniziale: 27 - Pagina finale: 69

This paper focuses on the perspective role of Mutual Loan-Guarantee Consortia (MLGC) in mitigating credit constraints for SMEs located in the Italian Mezzogiorno. First, we argue how the functioning of MLGC fits into the theory of bank-firm relationships, also referring to the scarce empirical evidence on the issue. Second, we evaluate the weakness - in terms of size, volume of activity, patrimonial requirements and guaranteed loans - of the Southern MLGC system. We then provide insights on the impact of the novelties introduced by the New Basel Capital Accord (Basel II) on MLGC's activity. Finally, we conclude for the need of public support to MLGC in the Mezzogiorno in order to enhance their function of facilitating the matching of demand and supply in the credit market.



SICI: 1120-9534(2009)23:1/2<27:DTELNA>2.0.ZU;2-X
Testo completo: http://www.mulino.it/ws/rwDirectDownload.php?doi=10.1432/29873
Testo completo alternativo: http://www.mulino.it/rivisteweb/scheda_articolo.php?id_articolo=29873

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