Thorsten Beck, Professor of Banking and Finance at Cass Business School in London, Professor of Economics at Tilburg University in the Netherlands, and Research Fellow at CEPR, explains the bottlenecks that small and medium-sized enterprises (SMEs) face in accessing much-needed finance despite their importance to economic growth and employment. He also shares lessons learned for financial institutions trying to target this missing middle that often fall in between micro- and bank finance.
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