Relationship lending works: more credit and lower loan rates for SMEs - Inaugural Address by Lars Norden

Lars Norden, endowed professor of Banking and Finance at Rotterdam School of Management, Erasmus University (RSM) will give his inaugural address, The Role of Banks in SME Finance, on Friday 20 February 2015. He will explore the role of banks in finance for small and medium enterprises (SMEs) and argue that relationship lending works, but that trade credit has limited scope to replace bank debt when banks are forced to cut their lending.