Financial Engineering Instruments Financed from European Structural and Investment Funds and Financial Products issued by Financial Institutions supporting European Project Implementation

Daniel Ioan Dumitrescu and Diana Valentina Soare
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Daniel Ioan Dumitrescu: Academy of Economic Studies, Bucharest
Diana Valentina Soare: Academy of Economic Studies, Bucharest

Romanian Statistical Review Supplement, 2014, vol. 62, issue 10, 16-39

Abstract: At European level, the European Court of Auditors, in the Special Report No. April 2011 “The audit of the SME Guarantee” and Special Report no. 2 of 2012 “Financial instruments financed by the ERDF to support SMEs”, established that where equity instruments and debt instruments, the leverage obtained was not a significant one and it was even lower than the reference levels used as a base instead. Instead, guarantee instruments provides the best way to multiply public funds in the revolving system.

Keywords: analysis; financial; instrument; leverage; loan (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (4)

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