Review Trade Credit and the Effect of Macro-Financial Shocks

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Trade Credit and the Effect of Macro-Financial Shocks High quality books

Trade Credit and the Effect of Macro-Financial Shocks
By:Mr. Yungsan Kim,Woon Gyu Choi
Published on 2003-06-01 by International Monetary Fund

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.

This Book was ranked at 37 by Google Books for keyword Credit channel.

Book ID of Trade Credit and the Effect of Macro-Financial Shocks's Books is oEayEqQBhV0C, Book which was written byMr. Yungsan Kim,Woon Gyu Choihave ETAG "LvVroeodXTo"

Book which was published by International Monetary Fund since 2003-06-01 have ISBNs, ISBN 13 Code is 9781451900255 and ISBN 10 Code is 1451900252

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Book which have "34 Pages" is Printed at BOOK under CategoryBusiness and Economics

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