How bank credit-market funding helped spread the global crisis

Thorsten Beck, Asli Demirgüç-Kunt, Maria Soledad Martinez Peria, 1 April 2010Small and medium enterprises are engines of economic growth. But what kind of market structure is more conducive to financing these enterprises? This column argues that different types of bank, applying different types of lending technology and organisational structures can all play a vital role in financing them. Full Article: Foreign banks and small and medium enterprises: Are they really estranged?

This guest post is by David Moss, the John G. McLean Professor at Harvard Business School and the founder of the Tobin Project.  (See his previous guest post here.)

The entirely pointless G7 meeting this weekend only served to underline the fact that Europe is again entering a serious economic crisis. At the end of the meeting yesterday, Treasury Secretary Tim Geithner told reporters, “I just want to underscore they made it clear to us, they the European authorities, that they will manage this [the Greek debt crisis] with great care.”