Research & Market Analysis

Research & Market Analysis (RMA) is a key element of our strategic development. RMA supports EIF’s strategic decision-making, product development and mandate management processes through applied research and market analyses. RMA works as internal advisor, participates in international fora and maintains liaison with many organisations, universities, and institutions.

EIF Working Paper Series
has been designed to make available to a wider readership selected topics and studies in relation to EIF´s business. The Working Papers are edited by RMA. They are typically authored or co-authored by EIF staff and are usually published in English and in electronic format (PDF).

Would you like to be informed by email when a new EIF Working Paper is available?  
Subscribe to our mailing list

Date Title
11/01/2016 EIF Working Paper 2016/33 - Evaluating the impact of European microfinance. The foundations.
14/12/2015 EIF Working Paper 2015/32 - European Small Business Finance Outlook, December 2015
02/12/2015 EIF Working Paper 2015/31 - SME Securitisation – at a crossroads?
16/11/2015 EIF Working Paper 2015/30 - Financing patterns of European SMEs: An Empirical Taxonomy
20/07/2015 EIF Working Paper 2015/29 - The Economic Impact of EU Guarantees on Credit to SMEs - Evidence from CESEE Countries
30/06/2015 EIF Working Paper 2015/28 - European Small Business Finance Outlook, June/2015
27/05/2015 EIF Working Paper 2015/27 - Bridging the University Funding Gap
18/12/2014 EIF Working Paper 2014/26 - European Small Business Finance Outlook, December 2014
21/10/2014 EIF Working Paper 2014/25 - Institutional non-bank lending and the role of debt funds
19/06/2014 EIF Working Paper 2014/24 - European Small Business Finance Outlook, June 2014
05/06/2014 EIF Working Paper 2014/23 - Pricing Default Risk: The good, the bad, and the anomaly
08/04/2014 EIF Working Paper 2014/22 - Guidelines for SME Access to Finance Market Assessments (GAFMA)
20/01/2014 EIF Working Paper 2014/21 - Financing the Mobility of Students in European Higher Education
12/12/2013 EIF Working Paper 2013/20 - European Small Business Finance Outlook
31/10/2013 EIF Working Paper 2013/19 - SME Loan Securitisation 2.0: Market Assessment and Policy Options
03/06/2013 EIF Working Paper 2013/18 - European Small Business Finance Outlook
27/05/2013 EIF Working Paper 2013/17 - Forecasting distress in European SME portfolios
12/12/2012 EIF Working Paper 2012/16 - European Small Business Finance Outlook
22/08/2012 EIF Working Paper 2012/15 – The importance of leasing for SME finance
29/05/2012 EIF Working Paper 2012/14 - European Small Business Finance Outlook, May 2012
20/01/2012 EIF Working Paper 2012/13 – Progress for microfinance in Europe
09/12/2011 EIF Working Paper 2011/12 – The European Small Business Finance Outlook, Dec. 2011
08/11/2011 EIF Working Paper 2011/11 – Business Angels in Germany - EIF’s initiative to support the non-institutional financing market
10/06/2011 EIF Working Paper 2011/10 - The European Small Business Finance Outlook
17/05/2011 EIF Working Paper 2011/9 – The performance and prospects of European Venture Capital
12/11/2010 EIF Working Paper 2010/8 – Impact of Legislation on Credit Risk. How different are the UK and Germany?
07/10/2010 EIF Working Paper 2010/7 – SME Loan Securitisation – an important tool to support European SME lending
19/08/2010 EIF Working Paper 2010/6 – Drivers of Private Equity Investment Activity: are Buyout and Venture Investors Really So Different?
01/06/2010 EIF Working Paper 2010/5 – Private Equity Market Outlook- a summary of the macroeconomic outlook and current issues.
29/04/2010 EIF Working Paper 2010/4 – Private Equity and Venture Capital Indicators. A research of EU-27 Private Equity and Venture Capital Markets
24/02/2010 EIF Working Paper 2010/3 - The Private Equity market in Europe. Rise of a new cycle or tail of the recession?”
10/12/2009 EIF Working Paper 2009/2 - Financing Technology Transfer
23/11/2009 EIF Working Paper 2009/1 - Microfinance in Europe - A market overview
Date Title

Joint publications: 

Date Title
2015 Tackling SMEs asymmetric risk: the EIB Group approach by Revoltella, D. and Kraemer-Eis, H. In: European Economy, 2015.2. Who takes the risks for funding SMEs? October 27, 2015, pp. 131ff.
2015 SME Securitization in Europe, by Kraemer-Eis, H., and Passaris, G., in : The Journal of Structured Finance, Vol. 20, No. 4, Winter 2015, pp. 97-106 (access to the article only via subscription to the journal)
2015 SME finance in Europe, by Kraemer-Eis, H., Lang, F., Gvetadze, S., in: “Investment and Investment Finance in Europe 2015: Investing in Competitiveness”, an European Investment Bank publication, March 2015 , pp. 97ff.
2014 A Practical Approach to the Market Analysis Part of SME-Related Ex-ante Assessments, in: European Structural and Investment Funds Journal (EStIF) 2014/3, Lexxion, November 2014, pp. 200-211.
2014 The importance of leasing for SME financing in Euromoney’s World Leasing Yearbook 2014.

Bottlenecks in SME financing, by Kraemer-Eis, H., Lang F., Gvetadze S., in "Investment and Investment Finance in Europe", p. 277ff, an European Investment Bank publication.


Improving the funding landscape for entrepreneurs by Pelly, R. and Kraemer-Eis, H. in: "SMEs in the single market. A growth agenda for the 21st century", a Lisbon Council Publication.

2011 EIF & EVCA: the European Private Equity Market Outlook


Creating a Better Business Environment for Financing Business, Innovation and Green Growth by Pelly, R. and Kraemer-Eis, H., in : "Financial Market Trends, Volume 2011 – Issue 1", OECD Journal.


Microfinance in Europe by Eriksson, P.-E., Kraemer-Eis, H. and Conforti A., in  n. 10 Occasional Papers, pp 49-86, APS Bank.


Copyright ©

 European Investment Fund 2016 – The European Investment Fund is not responsible for the content of external internet sites.