Instruments of International Financial Market for Small and Medium-Sized Enterprises
When in August 2015 the Chinese stock indexes were significantly downgraded, it became clear that China was unable to pull the world economy out of crisis which we have been witnessing during the last years. The low economic growth, h eavy credit burden on enterprises and governments, high unemploym...
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| Format: | Article |
| Language: | English |
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Moscow State Institute of International Relations (MGIMO)
2015-09-01
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| Series: | Московский журнал международного права |
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| Online Access: | https://www.mjil.ru/jour/article/view/103 |
| Summary: | When in August 2015 the Chinese stock indexes were significantly downgraded, it became clear that China was unable to pull the world economy out of crisis which we have been witnessing during the last years. The low economic growth, h eavy credit burden on enterprises and governments, high unemployment level - these are the problems which almost all governments try to tackle. Taking into account a high volatility in financial and commodities markets, the whole situation leaves much to be desired. In such cases is it difficult to find any effective means to solve the above problems, however it is possible, and one of such solutions is support of small and medium-sized enterprises. Thus, the European Union has decided to make the European financial markets more accessible for small and medium-sized enterprises providing the latter with additional financing opportunities. Solution to this challenge does not require allocation of significant sums (unlike granting loans to key banks ofthe euro zone or subsidizing companies). The idea is only to establish favourable conditions for European entrepreneurs in the European financial markets. |
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| ISSN: | 0869-0049 2619-0893 |