How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times … of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …

How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times … of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …

loans for a single global bank, we estimate within-borrower effects of enforcement law on expected recovery rates. We show … lower expected recovery rates that are more vulnerable to enforcement. Further, the bank compensates for lower expected …

using unique internal bank data on ex-ante appraised liquidation values and market values of assets pledged as collateral …