The COVID-19 pandemic has significantly altered the financing of the non-financial private sector. Financing of the self-employed and businesses has risen as a consequence of both the increase in demand, stemming from greater liquidity needs and from the perceived increase in refinancing risks,...

El acceso a la financiación en los mercados de renta fija por parte de las empresas facilita la diversificación de sus fuentes de financiación y las expone a una menor vulnerabilidad, particularmente en momentos en los que se producen restricciones en el acceso al crédito bancario. En este...

English abstract: Access to financing in fixed-income markets enables firms to diversify their sources of financing and reduces their vulnerability, particularly in periods when access to bank credit is restricted. This paper analyses the factors explaining firms’ recourse to capital market...