Capital Markets for SMEs -- Evolution, Lessons Learned, and Implication

11 Pages Posted: 22 Oct 2012

See all articles by Yibin Mu

Yibin Mu

International Monetary Fund; Harvard University; World Bank

Date Written: September 22, 2010

Abstract

Capital Markets for Small and Medium Enterprise (SMEs), also called alternative capital markets (ACM), alternative new markets, secondary board, have become increasingly important topic in the financial sector. The paper looks into the evolution of ACM and then draws lessons and policy implication.

Keywords: SME Finance, Capital Market Development, Alternative Markets, Second Board

JEL Classification: O16, O52,O53, G00, G1, G15, G18

Suggested Citation

Mu, Yibin, Capital Markets for SMEs -- Evolution, Lessons Learned, and Implication (September 22, 2010). Available at SSRN: https://ssrn.com/abstract=2165555 or http://dx.doi.org/10.2139/ssrn.2165555

Yibin Mu (Contact Author)

International Monetary Fund ( email )

1700 19th Street, NW
Washington, DC 20431
United States

Harvard University ( email )

Cambridge, MA 02138
United States

World Bank ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

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