The Typology of Partial Credit Guarantee Funds Around the World

By Thorsten Beck, L. Klapper, Juan Carlos Mendoza. 2008

283 citations recorded by the source corpus.

This paper presents data on 76 partial credit guarantee schemes across 46 developed and developing countries. Based on theory, the authors discuss different organizational features of credit guarantee schemes and their variation across countries. They focus on the respective role of government and the private sector and different pricing and risk reduction tools and how they are correlated across countries. The findings show that government has an important role to play in funding and management, but less so in risk assessment and recovery. There is a surprisingly low use of risk-based pricing and limited use of risk management mechanisms.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/1f63defcc959ea246a83eef47950aabba03affb7

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Citations in the corpus

• Bank lending constraints, trade credit and alternative financing during the financial crisis: Evidence from European SMEs (2014, background): “Honohan (2010) notes that every multilateral development bank and all but a small minority of OECD economies have some form of credit guarantee scheme, while Beck et al. (2010) provide a typology of such schemes covering 56 developed and developing countries.”
• The Causal Effect of Credit Guarantees for SMEs: Evidence from Italy (2013, unknown): “Again, an additional advantage of credit guarantee schemes is the low initial cost, and the fact that large losses are incurred only in the event of multiple bankruptcies or bank failures (Beck et al., 2008). Broadly speaking, we can distinguish between two main typologies of credit guarantees schem”