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"This paper studies the decision of firms to extend trade credit to customers and its relation with their financing decisions. The authors use a novel firm-level database of Chinese SMEs with unique information on market power in both output and input markets and on the amount, terms, and...
Persistent link: https://www.econbiz.de/10010521005
"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...
Persistent link: https://www.econbiz.de/10010522484
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work and impact of all development partners would be enhanced if the multiple linkages between public finance, security …, and development were explicitly taken into account. At the extreme, in some cases better public finance management could … complementary tools to analyze the security sector from the point of view of public finance management, service delivery, and …
Persistent link: https://www.econbiz.de/10011394100
"A resurgence of recent interest in fiscal federalism has been a source of concern among macroeconomic stabilization experts. They argue that a decentralized fiscal system poses a threat to macroeconomic stability as it is incompatible with prudent monetary and fiscal management. The author...
Persistent link: https://www.econbiz.de/10010522414
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This report consists of two volumes. Volume I examines whether, and how, the core goals of public expenditure management, i.e., balanced fiscal aggregates, resource allocations to strategic sectors, and equity and microeconomic efficiency of public spending are met in Ecuador. Volume II presents...
Persistent link: https://www.econbiz.de/10012563375