Government guarantees of loans to small businesses: Effects on banks’ risk-taking and non-guaranteed lending
James A. Wilcox and
Journal of Financial Intermediation, 2019, vol. 37, issue C, 45-57
We analyzed the loan guarantees that the Japanese government provided for banks’ loans to small and medium-sized enterprises (SMEs). We modeled and estimated how much and under what conditions loan guarantees affected banks’ risk-taking and banks’ non-guaranteed lending.
Keywords: Loan guarantees; Small business; Bank risk; Japanese banks; SME; Bank capital (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jfinin:v:37:y:2019:i:c:p:45-57
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