bank credit for SMEs, the consequences of Basel II on credit risk analysis and SMEs' possible strategic replies were …

In order to derive closed-form expressions of the prices of credit derivatives, standard credit-risk models typically … closed-form expressions for the prices of credit derivatives written on multiple names without neglecting default … particular, it may provide a solution to the credit spread puzzle. Besides, we show how our approach can be used to account for …

credit market integration across jurisdictions impact the desirability of a currency union. We show that when those … impediments induce a higher cost for banks to manage cross-border credit compared to domestic credit, welfare may not be maximal …

This study attempts to distinguish, in the impact on credit in France, between the effects of stock market shocks … positive credit gap but it was not entirely offset in 2004. …

Due to the unobservability of the new credit production, most of the empirical loan market studies use, instead, the … observable credit stock. This substitution has been pointed out to be likely to generate biases (e.g. see Lown and Peristiani …

This paper shows that, with pre-set price and capital decisions of firms facing uncertainty and credit rationing, price …

Due to the unobservability of the new credit production, most of the empirical loan market studies use, instead, the … observable credit stock. This substitution has been pointed out to be likely to generate biases (e.g. see Lown and Peristiani …

With the Euro Area context in mind, we show that currency arrangements impact on credit available through default … incentives. To this end we build a symmetric two-country model with money and imperfect credit market integration. Differences in … credit market integration are captured by variations in the cost for banks to grant credit for cross-border purchases. We …