STUDY ON THE CREDIT GUARANTEE SYSTEM: THE CASE OF THE V4 COUNTRIES

Credit guarantee is an effective policy tool which is used by many countries around the world to support enterprises, especially in helping small and medium enterprises (SMEs) to easily access capital. Through this, credit guarantee promotes the development and prosperity of the enterprises as well as the development of the economy. Understanding the importance of credit guarantee, the V4 countries have also applied credit guarantee as an important policy tool to boost enterprises and develop the economy. This paper focuses on analyzing the operational model of credit guarantee system in the V4 countries using in-depth analysis of four case studies. Through this paper, the author analyzes the different experiences in the application of the credit guarantee system in the V4 countries. This study could provide useful information to managers, policy makers, credit institutions, the government etc., thereby helping them make policies and solutions to improve the efficiency of the credit guarantee system.