• openAccess   Credit Quality and Substitution in SME Finance 

      Norden, Lars; Van Kampen, Stefan; Illueca, Manuel World Scientific Publishing (2021-09-02)
      We investigate whether and how SMEs’ credit quality influences their substitution of bank credit for trade credit. Using data from the five largest European countries, we find that substitution of bank credit for trade ...
    • openAccess   Three essays on liquidity and contagion 

      Toto, Andrea Universitat Jaume I (2016-04-16)
      The present PhD thesis consists of three papers. In the 1st paper we review credit risk models and models of counterparty risk and contagion and their application in credit risk management, and compare the two primary types ...