1. Home
  2. Studies
  3. SME Financing in the EU
Markus Demary / Joanna Hornik / Gibran Watfe IW-Report No. 11 13. April 2016 SME Financing in the EU

Moving Beyond One-Size-Fits-All

Download PDF
SME Financing in the EU
Markus Demary / Joanna Hornik / Gibran Watfe IW-Report No. 11 13. April 2016

SME Financing in the EU

IW-Report

Download PDF

Share this article:

or copy the following link:

The link was added to your clipboard!

German Economic Institute (IW) German Economic Institute (IW)

Moving Beyond One-Size-Fits-All

The proposal for a European Capital Markets Union (CMU) carries large potential economic benefits from enhancing the financing possibilities for Small and Medium-Sized Enterprises (SMEs). By deepening the capital markets and strengthening cross-border integration, the European Commission hopes to stimulate economic growth and boost employment. In this paper, we discuss to what extent these goals can be achieved, in light of the complex business environment of European SMEs. We outline the different types of SMEs in terms of their financing structures as well as the pervasive differences across the EU, concluding that any policy approach must take into account the diversity of the companies’ financing needs and the market realities in the Member States. We argue that the CMU is likely to have a heterogeneous impact, with some types of SMEs and certain regions gaining more than others.

Download PDF
SME Financing in the EU
Markus Demary / Joanna Hornik / Gibran Watfe IW-Report No. 11 13. April 2016

Markus Demary / Joanna Hornik / Gibran Watfe: SME Financing in the EU – Moving Beyond One-Size-Fits-All

IW-Report

Download PDF

German Economic Institute (IW) German Economic Institute (IW)

Share this article:

or copy the following link:

The link was added to your clipboard!

More on the topic

Read the article
Delors Plan 2.0
Michael Hüther / Simon Gerards Iglesias / Melinda Fremerey / Sandra Parthie IW-Policy Paper No. 4 27. March 2023

Europe must take the dare to take the next step: Delors Plan 2.0

In the coming years, the world order of exchange and multilateralism, which has so far been shaped by the West, will lose power, and global institutions will find it increasingly difficult to fulfil their mission of balancing interests and promoting ...

IW

Read the article
Michael Hüther IW-Policy Paper No. 3 24. March 2023

This time is different but still risky: Banking crisis instead of financial crisis

The current crisis of some American and European banks inevitably triggers fears that an international banking crisis could lead to a new financial crisis. But things in 2023 are very different from those in 2007.

IW

Content element with id 8880 Content element with id 9713