In 2009, the crisis affected SME’s profitability more than their financial structure. Major differences remain between SMEs, with increasing numbers of failures in this category. The decline in investment, which was already weak before the crisis, is compromising their ability to recover in...

This paper focuses on the access of independent French SMEs to bank lending and analyzes whether the observed evolution of credit to SMEs over the recent period was "demand driven" as a result of the decrease in firms' activity and investment projects or was "supply driven" with an increase in...