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LEADER 00000cam a22003617a 4500 
003    The World Bank 
005    20050914151746.0 
006    m        d         
007    cr cn||||||||| 
008    050914s2005    dcu     sb   i000 0 eng   
010    2005618887 
019    WorldBank14108094 
035    (The World Bank)14108094 
040    DLC|cDLC 
050 00 HG3881.5.W57 
100 1  Love, Inessa. 
245 10 Trade credit and bank credit|h[electronic resource] : 
       |bevidence from recent financial crises /|cInessa Love, 
       Lorenzo A. Preve, Virginia Sarria-Allende. 
260    [Washington, D.C. :|bWorld Bank,|c2005] 
490 1  Policy research working paper ;|v3716 
500    Title from PDF file as viewed on 9/14/2005. 
504    Includes bibliographical references. 
520 3  "The authors study the effect of financial crises on trade
       credit in a sample of 890 firms in six emerging economies.
       They find that although provision of trade credit 
       increases right after the crisis, it consequently 
       collapses in the following months and years. The authors 
       observe that firms with weaker financial position (for 
       example, high pre-crisis level of short-term debt and low 
       cash stocks and cash flows) are more likely to reduce 
       trade credit provided to their customers. This suggests 
       that the decline in aggregate credit provision is driven 
       by the reduction in the supply of trade credit, which 
       follows the bank credit crunch. The results are consistent
       with the "redistribution view" of trade credit provision, 
       in which bank credit is redistributed by way of trade 
       credit by the firms with stronger financial position to 
       the firms with weaker financial stand "--World Bank web 
530    Also available in print. 
650  0 Bank loans. 
650  0 Credit. 
650  0 Financial crises. 
700 1  Preve, Lorenzo A. 
710 2  World Bank. 
776 18 Print version:|iLove, Inessa.|tTrade credit and bank 
       credit.|d[Washington, D.C. : World Bank, 2005] 
830  0 Policy research working papers ;|v3716. 
830  0 World Bank e-Library. 
856 40 |u
       |zConnect to ebook (University of Melbourne only) 
990    WorldBank Working 
990    Batch Ebook load (bud2) - do not edit, delete or attach 
       any records. 
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