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LEADER 00000cam a22003617a 4500
003 The World Bank
006 m d
007 cr cn|||||||||
008 050914s2005 dcu sb i000 0 eng
035 (The World Bank)14108094
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 |uhttps://ezp.lib.unimelb.edu.au/login?url=http://
|zConnect to ebook (University of Melbourne only)
990 WorldBank Working
990 Batch Ebook load (bud2) - do not edit, delete or attach