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"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
to their customers, and to "match maturity" between the contract terms of payables and receivables. This matching …
Persistent link: https://www.econbiz.de/10010521005
Persistent link: https://www.econbiz.de/10010523353
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. This paper shows how dynamic pseudo-panel methods can overcome these difficulties, allowing estimation of non-linear income … Mexico and are compared to panel data estimates from a short rotating panel. The results do find evidence of nonlinearities … in household income dynamics and demonstrate large bias in the panel data estimates. Nevertheless, even after allowing …
Persistent link: https://www.econbiz.de/10010522436
a run on the central bank, or generate a run on the central bank once contingent liabilities exceed reserves and the … on the balance sheet indicator, that is, the ratio of the stock of gross external liabilities to assets. Measures of … contingent liabilities, capital flight, and financial depth perform well as crisis predictors, and the marginal effects on the …
Persistent link: https://www.econbiz.de/10010522552
"This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...
Persistent link: https://www.econbiz.de/10011394113
Bank Living Standard Measurement Survey panel household survey for the years 2001-2004. In the beginning of the sample, the …
Persistent link: https://www.econbiz.de/10011394229
"This paper studies the factors banks perceive as drivers and obstacles to financing small and medium enterprises (SMEs), focusing on the role of competition and the institutional framework. Using a survey of banks in Argentina and Chile, the paper shows that, despite alleged differences in the...
Persistent link: https://www.econbiz.de/10010520971
"This paper documents several new patterns associated with firms issuing securities in foreign markets that motivate the need for and help guide future research. Besides noting that these international capital raisings grew almost four-fold from 1991 to 2005, accounting for 35 percent of all...
Persistent link: https://www.econbiz.de/10010521072