Last week I posted the article “Distribution Issues in SME Lending” by Benel D. Lagua. Within that article he stated that evidence existed showing a positive correlation between increased SME lending and financial stability. After enquiring with the author he did provide the following reference Peter J. Morgan and Victor Pontines, Financial Stability and Financial
According to the Clinton administration Secretary of the Treasury and Obama’s Director of the National Economic Council, Larry Summers, Conventional Finance Has Let Us Down. Summers, an economist, said this is a challenging time for the economy and took traditional finance to task stating, “I think the conventional financial sector has, in important respects, let all
View from Taft Benel D. Lagua, as appeared in Business World Online, DISTRIBUTION ISSUES IN SME LENDING, “Any innovation that aims to solve the problems of access by small and medium enterprises (SMEs) to finance must overcome three concerns. First, SMEs are considered opaque firms that are very difficult to assess due to limited verifiable information.