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Divari territoriali e limiti nell’accesso al credito per le PMI meridionali: quale ruolo per i Confidi?

Credit constraints for SMEs in the Italian Mezzogiorno: which role for Mutual Loan-Guarantee Consortia?

Carmelo Petraglia (), Francesca Amaturo () and Luca Giordano

MPRA Paper from University Library of Munich, Germany

Abstract: This paper focuses on the perspective role of Mutual Loan-Guarantee Consortia (MLGC) in mitigating credit constraints for SMEs located in the Italian Mezzogiorno. First, we argue how the functioning of MLGC fits into the theory of bank-firm relationships, also referring to the scarce empirical evidence on the issue. Second, we evaluate the weakness – in terms of size, volume of activity, patrimonial requirements and guaranteed loans – of the Southern MLGC system. We then provide insights on the impact of the novelties introduced by the New Basel Capital Accord (Basel II) on MLGC’s activity. Finally, we conclude for the need of public support to MLGC in the Mezzogiorno in order to enhance their function of facilitating the matching of demand and supply in the credit market.

Keywords: Consorzi Fidi; razionamento del credito; Mezzogiorno; rapporto banca-impresa (search for similar items in EconPapers)
JEL-codes: G21 H81 O16 (search for similar items in EconPapers)
Date: 2009-02-01
New Economics Papers: this item is included in nep-ban and nep-ent
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