Corporate Credit Guarantees in Asia
14 Pages Posted: 18 Jun 2012
Date Written: December 1, 2006
Abstract
In many Asian countries, government institutions have played an important role in guaranteeing SME loans. Nevertheless, they have also exhibited lacklustre operating profits in recent years. Two episodes of failures involving companies offering credit guarantees highlight the importance of sufficient capitalisation and prudent risk management, as well as the difficulty borrowers have in making a transition from credit guarantees.
JEL Classification: G200, G220, G280
Suggested Citation: Suggested Citation
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