Financial Markets, SME Financing and Emerging Economies

Description

This book investigates small and medium sized enterprises (SMEs) access to credit, the earning quality, and the cost of debt in the European Union. It also examines two important risk measures in financial markets: the volatility index (VIX) and Credit Default Swaps (CDS). Finally, it deep dives inside one of the most important emerging markets, China, to assess monetary policy and the relationship between financial institutions and real estate firms. This work will appeal to both academics and practitioners in the areas of SME financing, financial markets and emerging economies. Front Matter ....Pages i-xi Introduction (Giusy Chesini, Elisa Giaretta, Andrea Paltrinieri)....Pages 1-4 Access to Bank Credit: The Role of Awareness of Government Initiatives for UK SMEs (Raffaella Calabrese, Claudia Girardone, Mingchen Sun)....Pages 5-20 Earnings Quality and the Cost of Debt of SMEs (Federico Beltrame, Josanco Floreani, Alex Sclip)....Pages 21-39 Demand and Supply Determinants of Credit Availability: Evidence from the Current Credit Crisis for European SMEs (Paola Brighi, Valeria Venturelli)....Pages 41-70 What Is and What Is not Regulatory Arbitrage? A Review and Syntheses (Magnus Willesson)....Pages 71-94 Forecasting Models and Probabilistic Sensitivity Analysis: An Application to Bank’s Risk Appetite Thresholds Within the Risk Appetite Framework (Maurizio Polato, Josanco Floreani, Giuseppe Giannelli, Nicola Novielli)....Pages 95-119 The Determinants of CDS Spreads: The Case of Banks (Maria Mazzuca, Caterina Di Tommaso, Fabio Piluso)....Pages 121-155 Back Matter ....Pages 157-159