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Credit Insurance in Europe - Impact, Measurement & Policy Recommendations. CEPS Reports in Finance and Banking No. 31, 1 February 2003

San Jose Riestra, Ampara. (2003) Credit Insurance in Europe - Impact, Measurement & Policy Recommendations. CEPS Reports in Finance and Banking No. 31, 1 February 2003. UNSPECIFIED.

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    Abstract

    The report provides evidence of low protection of companies against the risks of the lack of payment from their buyers and the impact of bad debts in their financial situation, which is especially harmful for SMEs. While most of commercial trade is carried out on the basis of credit, the research shows that insured credit represents only around 14% of European GDP and 20% of exports, with important differences between the countries studied. The report represents a first attempt to gather data on the number of companies insured by size in the EU, the geographical distribution of commercial credit insurance, the potential of credit insurance for the development of intra-EU trade and exports to third countries, its role in combating late payments and preventing the effects of debtors’ bankruptcies, and in the context of the implementation of the New Basel Accord. The report also makes an account of the obstacles for a higher penetration of credit insurance and its extended use by small and medium-sized companies.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Research Reports in Finance and Banking
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Aug 2009
    Page Range: p. 62
    Last Modified: 06 Apr 2012 11:30
    URI: http://aei.pitt.edu/id/eprint/9563

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