-lending revenues, and those that pledge collateral, especially outside assets and real estate, experience less credit rationing …We investigate how financial contracting interacts with lending channel effects by tracing the anatomy of a credit …

stable finance. One efficient way to promote SME financing is through credit guarantee schemes, where the government … guarantees a portion (ratio) of a loan provided by a bank to an SME. This research provides a theoretical model and an empirical … analysis of factors that determine optimal credit guarantee ratio. The ratio should be able to fulfill the government's goal of …