Italian credit guarantee scheme helps firms borrow cheaper for longer

Italian woman on a scooter

A working paper from the Bank of Italy has found that a partial credit guarantee programme in one region of the country helped beneficiary firms to borrow on a longer-term basis and more cheaply, while the total amount of bank debt was unaffected.

The paper: The Causal Effect of Credit Guarantees for SMEs: Evidence from Italy, by Alessio D'Ignazio and Carlo Menon, aims to fill the gap of empirical research on such schemes, which they say are "widespread in both developed and developing economies

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.