Review Does Trade Credit Substitute Bank Credit? Evidence From Firm-Level Data

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Does Trade Credit Substitute Bank Credit? Evidence From Firm-Level Data High quality books

Does Trade Credit Substitute Bank Credit? Evidence From Firm-Level Data
By:Mr. Guido De Blasio
Published on 2003-08-01 by International Monetary Fund

The paper examines micro data on Italian manufacturing firms'' inventory behavior to test the Meltzer (1960) hypothesis according to which firms substitute trade credit for bank credit during periods of monetary tightening. It finds that their inventory investment is constrained by the availability of trade credit. As for the magnitude of the substitution effect, however, this study finds that it is not sizable. This is in line with the micro theories of trade credit and the evidence on actual firm practices, according to which credit terms display modest variations over time.

This Book was ranked at 6 by Google Books for keyword Credit channel.

Book ID of Does Trade Credit Substitute Bank Credit? Evidence From Firm-Level Data's Books is 1UIjpfj099gC, Book which was written byMr. Guido De Blasiohave ETAG "CgZp1fjsBW4"

Book which was published by International Monetary Fund since 2003-08-01 have ISBNs, ISBN 13 Code is 9781451903379 and ISBN 10 Code is 1451903375

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Book which have "28 Pages" is Printed at BOOK under CategoryBusiness and Economics

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