Abstract

ALLAMI, Cecilia  and  CIBILS, Alan. Bank financing of small and medium-sized companies in Argentina (2002-2009). Prob. Des [online]. 2011, vol.42, n.165, pp.61-86. ISSN 0301-7036.

From 2003 to 2007, the Argentine economy experienced one of its most intensive and extensive phases of growth in recent decades. In this new scenario, small and medium-sized companies (PYMEs) registered notable economic performance and recovered the dynamism they had lost in the previous decade. Nevertheless, the Agentine PYMEs' limited access to credit markets is a widely recognized phenomenon, which limits the possibilities for the growth and expansion of these companies. This paper analyzes the bank credit effectively extended to the PYMEs during the period 2002-2009 in Argentina. It concludes that there is a need for intervention and regulation by the Agentine State in the banking market, as well as a redefinition of credit policies for public entities and other policies focused on improving the financing of these companies.

Keywords : Credit; structuralism; development finance; small and medium-sized companies; banking system.

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