also suggests that higher anticipated liquidity can tighten credit constraints, instead of alleviating them …

working capital. Debt holders provide an irrevocable credit line based on expected insolvency risk, and firms select optimal … credit rationing can occur in the absence of market frictions. The paper illustrates the theory using US data from 1989 to …

The interplay between liquidity and credit risks in the interbank market is analyzed. Banks are hit by idiosyncratic …

their main credit constraints and to analyse their access to credit as this input belongs to one of the main factors of … farther development of small, young and family farmers. In other words, their access to credit is crucial for the improvement … of the Slovak agricultural sector as a whole. In this paper we specify the main sources of credit for small farmers in …