by Sebastian Schich | Jun 2, 2023 | European venture capital markets, financial support for SMEs, venture debt
Do public venture loans help overcome the diagnosed financing gap for SMEs in Europe and help them to grow? The preferred policy tool to achieve more desirable credit allocations consists of financial sector guarantees, e.g. for bank lending or securitisations of...
by Sebastian Schich | Jul 20, 2022 | Ending too-big-to-fail, financial safety net, implicit guarantees, TBTF, too-big-to-fail
Are changes in regulation and resolution regimes sufficient to reduce the value of implicit bank debt guarantees? Or are actual losses for bank creditors needed? Banks continue to benefit from implicit guarantees (Schich, 2018). Market participants’ expectations that...
