trajectory while small loans outstanding continued to decline. Anecdotal evidence suggests that firms used trade credit to smooth … over cash flow problems. The current paper looks at recent trends in trade credit use by small businesses based on a recent … poll done by the Credit Research Foundation. The results highlight the importance of business to business credit for small …

Foreign currency loans to the unhedged non-banking sector are remarkably prevalent in Europe and create a significant … exchange-rate-induced credit risk to European banking sectors. In particular, Swiss franc (CHF)-denominated loans, popular in … that banks in Europe have continuously held more foreign-currency-denominated assets than liabilities, indicating their …

-affiliated, and low-leverage companies incline more towards this strategy. Credit rating, debt maturity, financial and interest …