> Details

Gourinchas, Pierre-Olivier [Author]; Kalemli-Ozcan, Sebnem [Author]; Penciakova, Veronika [Author]; Sander, Nicholas [Author] ; National Bureau of Economic Research

COVID-19 and SMEs : A 2021 "Time Bomb"?

Reference
management

Bookmarks

Remove from
bookmarks

Share this on Whatsapp

Close

Bookmarks



You can manage bookmarks using lists, please log in to your user account for this.
  • Media type: E-Book
  • Title: COVID-19 and SMEs : A 2021 "Time Bomb"?
  • Contributor: Gourinchas, Pierre-Olivier [VerfasserIn]; Kalemli-Ozcan, Sebnem [VerfasserIn]; Penciakova, Veronika [VerfasserIn]; Sander, Nicholas [VerfasserIn]
  • Corporation: National Bureau of Economic Research
  • imprint: Cambridge, Mass: National Bureau of Economic Research, 2021
  • Published in: NBER working paper series ; no. w28418
  • Extent: 1 Online-Ressource; illustrations (black and white)
  • Language: English
  • DOI: 10.3386/w28418
  • Identifier:
  • Keywords: KMU ; Insolvenz ; Coronavirus ; Wirtschaftskrise ; Belgien ; Tschechien ; Frankreich ; Finnland ; Griechenland ; Ungarn ; Italien ; Polen ; Portugal ; Rumänien ; Slowakei ; Slowenien ; Spanien ; Arbeitspapier ; Graue Literatur
  • Reproduction note: Hardcopy version available to institutional subscribers
  • Origination:
  • Footnote: System requirements: Adobe [Acrobat] Reader required for PDF files
    Mode of access: World Wide Web
  • Description: This paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs. Rather, business failures and policy costs remain modest. By contrast, credit contraction poses a significant risk. Such a contraction would disproportionately impact firms that could survive COVID-19 in 2020 without any fiscal support. Even in that scenario, most business failures would not arise from excessively generous 2020 policies, but rather from the contraction of credit to the corporate sector
  • Access State: Open Access