Description: The UK business banking sector is unique in the EU in probiding most SME funding via bank overdrafts and credit cards rather than long-term loan finance. This book explores British banks' attitude towards SME finance and the roots of their risk aversion.
Brief description:
Michael Lloyd is a Senior Research Fellow at the international affairs think tank, the Global Policy Institute, and a visiting fellow at Newcastle University. His books include The Euro and the UK (2009) and Federal Central Banks (coauthor) (2018).
Review Quotes: [A] very readable, accessible and informed discussion of SME financing in the UK. This is an interesting and engaging new addition to this literature ... that moves some of the academic debate away from considering and basing new policy development on the US experience.--John Ashton, Professor of Banking, Bangor University