금융기관의 중소기업대출 행태 -총량자료를 중심으로-

초록

This study is purposed to comprehend the patterns of bank lending to SMEs in Korea by utilizing several aggregate data including lending rates, delinquency rates, loan outstanding and lending behavior survey indices. Simple correlations and OLS and VAR estimations using those data sets report the following patterns of bank lending to SMEs. First, government loan programs seem to be used for a counter-cyclical measure and the pattern is significant in a recession. Second, the government loan programs tend to increase the total loan amount to SMEs, which indicate that crowding-out of the government loan programs is not substantial if any. Third, changes in the polcy rate and the bank intermediated lending support facility seem to lower the lending rates but could not lead to expanding the SME loans.

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