The Impact of the Increase in Market Interest Rates on The Credit Risk of Guarantees Issued Under the SME Invest Program

Dumitru Nancu ()
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Dumitru Nancu: “Ovidius†University of Constanta

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 2, 1084-1087

Abstract: The present study aims to present the impact of market interest rates on the credit risk of the guarantee issued under the SME Invest program, in the context of the Covid-19 pandemic. The SME Invest program is the largest project initiated by the Romanian Government in recent years. It was launched in 2020, as a result of the pandemic that had repercussions on all economies around the world, namely the Covid -19 pandemic. The role of the SME Invest Romania program is to support and develop the Romanian economy during the crisis period. This study is based on the use and calculation of the EBITDA indicator. The main source of information is the National Credit Guarantee Fund for SMEs, the institution that manages and implements the SME Invest program.

Keywords: SMEs; interest rates; bank credits; entrepreneurship; Covid-19 pandemic (search for similar items in EconPapers)
JEL-codes: A11 D00 E00 G20 G21 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:1084-1087

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