-2009, we show that firms use the trade credit channel to manage growth. In countries where the trade credit channel is more … financial market imperfections, and therefore more likely to be financially constrained, rely more on the trade credit channel … the trade credit channel for growth …

–2009, we show that firms use the trade credit channel to manage growth. In countries where the trade credit channel is more … financial market imperfections, rely more on the trade credit channel to manage growth. Finally, we show that also the overall … conditions of the financial market matter for the importance of the trade credit channel for growth …

Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit … that financially more deregulated economies are more likely to experience persistent stagnation. In the short run, credit …

Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit … that financially more deregulated economies are more likely to experience persistent stagnation. In the short run, credit …