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SME Forbearance and Its Implications for Monetary and Financial Stability

Year: 2013

Type: article

Abstract: This article presents the results of an investigation into the extent of loan forbearance in the SME sector and its implications for productivity and financial system resilience. Around 6% of SME borrowers were estimated to be in receipt of some form of loan forbearance in March 2013. This accounted for around 14% of the major five UK banks’ exposure to this sector. SME forbearance appears to account for only a small proportion of the weakness in aggregate UK productivity and also seems unlikely to threaten financial system resilience.

Source: RePEc: Research Papers in Economics

Authors: Martin Arrowsmith, Matrin Griffiths, Jeremy Franklin, Evan Wohlmann, Garry Young, David Gregory

Institutions: Bank of England, National Institute of Economic and Social Research

Language: English

Topic: Banking stability, regulation, efficiency

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W1486463417

FWCI: 6.414

Cites: 4

Cited by: 35

Related to: 10