Partial credit guarantees: Principles and practice ...
2010-4-1 · Although some countries have had very extensive credit guarantee schemes, with the stock of guarantees in both Japan and Korea exceeding 7% of GDP in 2001, and still in excess of 5% of GDP at the time of writing, 27 schemes in most countries have typically covered only a small fraction of total SME lending with guarantees amounting to a fraction of 1% of GDP. Sometimes this is due to capacity …
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