Trade Credit And The Effect Of Macro Financial Shocks
Download Trade Credit And The Effect Of Macro Financial Shocks full books in PDF, epub, and Kindle. Read online free Trade Credit And The Effect Of Macro Financial Shocks ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Trade Credit and the Effect of Macro-Financial Shocks
Author | : Mr.Yungsan Kim |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2003-06-01 |
Genre | : Business & Economics |
ISBN | : 1451855001 |
Download Trade Credit and the Effect of Macro-Financial Shocks Book in PDF, Epub and Kindle
Many studies examine why firms are financed by their suppliers, but few empirical studies look at the macroeconomic implications of such financial arrangements. Using disaggregated panel data, we examine how firms extend and use trade credit. We find that, controlling for the transactions or asset management motive, both accounts payable and receivable increase with tighter policy, implying that trade credit helps firms absorb the effect of a credit contraction. A comparison of S&P 500 firms with smaller firms, however, provides no evidence that when policy is tightened, large firms play the role of credit suppliers more actively than small firms.
Trade Credit and the Effect of Macro-Financial Shocks Related Books
Pages: 36
Pages: 34
Pages: 34
Pages: 433
Pages: 0