by hedging with financial derivatives. But the complementary relationship between risk-management decisions differs …

This paper studies the characteristics of the Italian nonfinancial firms using derivatives and the purpose of the … derivatives use according to the most important literature in financial risk management. By using the Italian credit register and … balance sheet data this study extends for the first time the derivatives analysis to small and medium firms. The paper finds …

explaining banks� probability of default. By confirming the role of funding as a driver of banking crisis, the paper also …

unless the perceived probability of default is too small. Nevertheless, at low ratings this relevance can be weakened by an …

This paper develops an early warning system for sovereign debt crises, broadly defined as episodes of outright default …

The paper analyzes the euro-area interbank market. The martingale hypothesis for the Eonia, the reference overnight …

This paper analyzes the determinants of credit default swap spread changes for a large sample of US non …