"A detailed look at the discipline of modern distressed investing. Investing in distressed securities/financially troubled credits is an approach that contains both great risk and opportunity. Occurrences from the recent credit crisis have changed this playing field immensely, not so much in...

This paper investigates the relationship between credit risk and liquidity risk, based on the potential interdependence between liquid asset ratio and non-performing loans ratio, as well as systemic liquidity risk. The data used cover the period 2007–2012 and the country of study is Greece. We...