Pakistan is an emerging economy and characterized by a less developed financial system where trade credit is extensively used by listed manufacturing firms (LMFs). This study is focused to investigate the effect of financial development (FD) and credit information sharing (CIS) on the trade...

Using a sample of bank loans to firms operating in the Greek tourism sector, and regional variation of tourism activities to identify the strategic defaulted firms, we examine the impact of bank consolidation on the firms’ payment behavior. We show that a merger-induced impairment of the...

Acknowledgments -- Introduction -- Creditworthiness and credit risks -- Between promise and peril : credit and debt at the pearl fisheries of South India and Sri Lanka, c. 1800 / Sam Ostroff -- Lenders and borrowers in a non-capitalist economy : Rio de Janeiro in the early nineteenth century /...

The Fed’s Senior Loan Officer Opinion Survey (SLOOS) is widely considered a good indicator of banks’ lending conditions. We use the change in corporate bond spreads on SLOOS release days to instrument changes in lending standards. A series of estimated IV local projections shows that lending...