trade credit. The common feature of all financial theories is that suppliers have an advantage over other lenders in … financing credit-constrained firms. While the reasons for the financing advantage differ across theories, they are usually … insight to analyse the trade credit volume and the contract terms. Our analysis suggests that the most important product …

credit activity, and heightened risk appetite—attributable to the commodity boom—are fuelling price volatility in asset …

credit growth experienced by these countries. We find that, on average, both bank capitalization and lending activities in … Latin America increased after Basel. Consequently, Basel did not seem to lead to an overall credit decline. However, we do … Basel II might cause greater procyclicality of credit. …

commercial credit rating agencies. Estimates for 20 emerging market economies show that sovereign ratings react procyclically to … run up to the crises. Simulations suggest modest efficiency gains of using sovereign credit ratings for capital …

higher for borrowers who are requested to post collateral. Moreover, conditional on posting collateral, the cost of credit … in the event of default in the context of a competitive credit market characterized either by moral hazard (MH) or by … adverse selection (AS). In particular, we study how the level of such exemption affects the role of collateral depending on …