it is crucial to distinguish between bank debt financing and trade credit. Young and small firms are more subject to … denial due to the higher moral hazard they represent for a bank. Only very young firms are more constrained for trade credit …. The results of simultaneous analysis show that trade credit is positively related to bank credit financing, thus providing …

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 …