Florencio Lopez de Silanes, Joseph McCahery, Dirk Schoenmaker, Dragana Stanišić, 21 August 2015

While small and medium-sized enterprises are important for economic growth and employment, we have little insight in their financing needs. Using a novel methodology, this column presents new research that estimates the gap between demand and supply of financing in several European countries. We find that the financing gap is three to five times larger than that of US SMEs. Initiatives under the Capital Markets Union umbrella can help to reduce this financing gap.

Ganeshan Wignaraja, 12 June 2012

Small- and medium-sized enterprises are a crucial part of trade-led growth in Asia. This column argues that tackling key constraints at firm and country level would help unlock the full potential of these companies as players in economic growth.

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