Austria's Small and Medium-sized Enterprises in the Financial Market Crisis

Werner Hölzl

Austrian Economic Quarterly, 2010, vol. 15, issue 1, 121-126

Abstract: The global financial crisis, which had its origins in the bursting of the real estate bubble in the USA, has affected the confidence in the functionality of the modern banking and financial system. Such a situation poses the threat of a reduction of credit supply, which can lead to an outright credit crunch. As a result of insufficient access to capital markets, small and medium-sized enterprises would be particularly vulnerable to a credit crunch. In Austria, a section of small and medium-sized enterprises has been hit by the decrease in demand and deterioration of financing conditions. However, this does not constitute an overall credit crunch for small enterprises.

Keywords: Financial Market Crisis; Small and Medium-sized Enterprises; Financing SMEs (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.wifo.ac.at/wwa/pubid/39083 abstract (text/html)
Payment required

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wfo:wquart:y:2010:i:1:p:121-126

Access Statistics for this article

More articles in Austrian Economic Quarterly from WIFO Contact information at EDIRC.
Bibliographic data for series maintained by Florian Mayr ().