parameters affect bank credit supply …

effect of banking uncertainty on firms' trade credit. We find that trade credit increases with heightened uncertainty in the … with lower bank debt in firms, indicating a substitution effect between bank credit and trade credit when uncertainty rises …. A further mechanism test shows that the uncertainty effect on trade credit works through strategic and financing motives …

This paper uses U.S. credit register data and the 2018-19 Trade War to study the effects of uncertainty on domestic … credit supply. Exploiting differences in banks' ex-ante exposure to trade uncertainty, we find that increased uncertainty is …

behavior. A line of credit appears in the optimal long term contract similar to (DeMarzo and Fishman, 2007). The novelty of the … contract is that the credit limit varies over time, as a function of the state of volatility. Credit limit does not vary … monotonically over firms. When uncertainty increases, credit limits are reduced for highly constraint firms, because the frictions …