Overview

The absence of a robust small and medium-sized (""SMEs"") formal business sector - or the ""missing middle"" - has long been identified as both a contributing factor and a distinguishing characteristic of many countries. Many reasons have been advanced to explain the ""missing middle"" including the inability of SMEs to access bank-based credit. This book compares the relative merits of recent legal reforms that have emerged to address the lack of bank-based credit by considering the way in which recent reforms support the independent and inter-active roles of the stakeholders to the financial intermediation pro-cess. An historical description and comparison of the laws impacting the various stakeholders to bank-based financial intermediation in Canada, the United States, Britain and Taiwan provides the foun-dation on which the analysis of current reforms which encourage ""downscaling"" of commercial banks and/or ""upscaling"" of microcredit lenders are considered.

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9783639026672

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