The 2007-2009 financial crisis has had a worldwide impact on banks and financial systems. It has also brought about major changes in Europe's financial regulatory framework that could lead to financing problems for SMEs. The book collects some original contributions on these issues, dealing with the alternative proposals to separate banking activities, the ways out from the banking regulatory bubble, analysis of monetary policy in the Euro Area, the effects of the financial crisis on the European banks, the road map towards the European Banking Union and the risk it entails, the new financing conditions of Small and Medium-Sized Enterprises in Europe, the credit crunch and long-term finance for economic growth, and, finally, the new kinds of financial instruments available to SMEs today.
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