Introduction -- Bhutan - Business, Finance and SME -- SME Finance: Issues and Theories -- Research Design and Methodology:Theoretical Framework -- Descriptive Statistics of SMEs -- Data Analysis: Phase I Quantitative Method -- Data Analysis: Phase II Qualitative Method -- Discussion,...

Introduction -- The foreign exchange intervention -- The bid-ask spread: the market microstructure perspective -- The empirical decomposition of the bid-ask spread for exchange rates -- Government intervention on the spread -- References -- Appendices.