Are public credit guarantees worth the hype?

Facundo Abraham, Sergio L. Schmukler, Facundo Abraham and Sergio L. Schmukler
Authors registered in the RePEc Author Service: Sergio Schmukler

No 121486, Research and Policy Briefs from The World Bank

Abstract: Public credit guarantees have become a popular instrument to try to expand lending to financially constrained firms. In many instances, these schemes have proven useful to increase access to finance. However, public interventions to extend guarantees need to be designed, evaluated, and monitored properly. Otherwise, they could prove unnecessary or bring about important costs, such as increased moral hazard or implicit subsidies.

Keywords: Private Sector Economics; Private Sector Development Law; Marketing; Labor Markets; Economic Growth; Finance and Development (search for similar items in EconPapers)
Date: 2017-11-01
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