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What is Credit Rationing

Chapter 4
Examining the Vital Financial Role of SMEs in Achieving the Sustainable Development Goals
At a micro level, there are two aspects to this: (1) some of the loan applicants are accepted, while others are denied a loan even if they are willing to pay a high interest rate, and (2) loan applications are only partially met (e.g., a $1 million loan application can only be granted up to $500,000).
Published in Chapter:
How Can Small and Medium Enterprises in the Chinese Market Achieve Sustainable Development Goals Through Blockchain?
Poshan Yu (Soochow University, China & European Business Institute, Luxembourg & Australian Studies Centre of Shanghai University, China), Yao Ge (Independent Researcher, Suzhou, China), Kudzai Mandizvidza (Independent Researcher, Beijing, China), and James Mulli (European Business Institute, Luxembourg)
Copyright: © 2023 |Pages: 34
DOI: 10.4018/978-1-6684-4834-2.ch004
Abstract
Blockchain is one of the most important innovative technologies developed in recent years. It has great potential and capacity to help SMEs prosper due to its decentralized public ledger, which provides a secure infrastructure for transactions between unfamiliar parties without any major influence from a central authority. The use of a decentralized public ledger also makes it possible for SMEs to get credit more easily, thus assisting them in achieving sustainable development. This chapter gives an overview of the functions and applications of blockchain, the situation of SMEs in the Chinese market, and sheds some light on how the Chinese policies on blockchain may affect SMEs. The chapter uses the case of WeBank to show how blockchain technology can accelerate the development of SMEs.
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