English Abstract: This paper analyses the impact of the COVID-19 crisis on the financial vulnerability of the Spanish corporate sector. The simulations conducted show that the crisis significantly increased firms’ liquidity needs in 2020, although the measures adopted by national and...

This article reports evidence based on firm-level information of the marked deterioration in the economic and financial situation of Spanish companies between 2008 and 2012, which was comparatively sharper in SMEs and in certain sectors such as construction and real estate, and higher than that...