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The help of Credit Cooperatives toward the stability of Small and Medium Enterprises in Germany and Austria during the economic tense situation from 2007 to 2010.

Nuyken, Philip (2014) The help of Credit Cooperatives toward the stability of Small and Medium Enterprises in Germany and Austria during the economic tense situation from 2007 to 2010.

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Abstract:Seven years after the beginning of a series of world-wide crises, the media stopped announcing new stages of escalation. It is time for a review. Especially during the period from 2007 to 2010 there were bad news followed by worse news. Unemployment rose in Europe while the industrial production decreased. This paper deals with the situation of small and medium enterprises; backbone of the European economy. By analyzing in how far the provision of credits by credit cooperatives supported a relatively stable economic development in two European countries (Germany and Austria), the findings illustrate correlations between credit cooperatives and small and medium enterprises in Germany but not in its neighboring country Austria. Credit cooperatives can be seen as a supportive element during tense economic situations. This insight might be useful for other European nations in order to rebuild their economy.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:83 economics, 89 political science
Programme:Management Society and Technology BSc (56654)
Link to this item:http://purl.utwente.nl/essays/66089
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