Financial Crisis, Trade Finance, and SMEs: Case of Central Asia

Gloria Pasadilla

No 187, ADBI Working Papers from Asian Development Bank Institute

Abstract: This paper surveys studies of the importance of Central Asian small- and medium-sized enterprises (SME) in the economy and their experience during the Russian financial crisis. It also uses survey data from the European Bank for Reconstruction and Development’s Business Environment and Enterprise Performance Surveys to infer noteworthy characteristics, features, and dependencies on financing of Central Asian SMEs and, consequently, derive the potential impact of the crisis on the sector. The paper also assesses government support for SMEs and the necessary market reforms that will give a boost to the sector’s development in the region.

Keywords: smes; central asia; financial policies; financial development; small- and medium-sized enterprises (search for similar items in EconPapers)
JEL-codes: E44 G01 G18 G28 G38 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2010-01-25
New Economics Papers: this item is included in nep-ent, nep-mac and nep-tra
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Financial Crisis, Trade Finance, and SMEs: Case of Central Asia (2010)
Working Paper: Financial Crisis, Trade Finance, and SMEs: Case of Central Asia (2010)
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