6533b86ffe1ef96bd12cd873

RESEARCH PRODUCT

Microcredit, Regional Programs and Credit Guarantees in Italy

Provenzano VincenzoArnone Massimo

subject

Microcredit Guarantees Regional ProgramsSettore SECS-P/02 Politica EconomicaSettore SECS-P/06 - Economia Applicata

description

This work proposes an analysis of microcredit initiatives analyzed at the territorial level. The differences are analyzed on the basis of distinctive features to identify different ways to develop microcredit in Italy. An empirical analysis is also carried out to verify the existence of a statistically significant correlation between the characteristics of entrepreneurial microcredit programs and their default risk. The presence of credit guarantee systems and the role of bank intermediaries as promoters significantly mitigate the risk of default on these initiatives. Regional microcredit programs do not show significant territorial differences in terms of credit guarantees.

http://hdl.handle.net/10447/398773