Where do firms turn for financing in countries with poorly developed financial markets? One source is trade credit. And where formal financial intermediaries ar

Recent work suggests that financial development is important for economic growth, since financial markets more effectively allocate capital to firms with high v

This book offers managers a complete analysis of the various facets of commercial credit and presents an analysis of the various types of markets, instruments,

This paper provides evidence of the presence and relevance of a credit-chain amplification mechanism by looking at its implications for the correlation of indus

"This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic g