Trade Credit Financial Intermediary Development And Industry Growth PDF Download
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| Author | : Raymond Fisman |
| Publisher | : World Bank Publications |
| Total Pages | : 34 |
| Release | : 2001 |
| Genre | : Credit |
| ISBN | : |
Download Trade credit, financial intermediary development, and industry growth Book in PDF, ePub and Kindle
Where do firms turn for financing in countries with poorly developed financial markets? One source is trade credit. And where formal financial intermediaries are deficient, industries that rely more on this source of financing grow faster.
| Author | : Raymond J. Fisman |
| Publisher | : |
| Total Pages | : 33 |
| Release | : 2010 |
| Genre | : |
| ISBN | : |
Download Trade Credit, Financial Intermediary Development, and Industry Growth Book in PDF, ePub and Kindle
Recent work suggests that financial development is important for economic growth, since financial markets more effectively allocate capital to firms with high value projects. For firms in poorly developed financial markets, implicit borrowing in the form of trade credit may provide an alternative source of funds. We show that industries with higher dependence on trade credit financing exhibit higher rates of growth in countries with weaker financial institutions. Furthermore, consistent with barriers to trade credit access among young firms, we show that most of the effect that we report comes from growth in the size of pre-existing firms.
| Author | : Lucia Gibilaro |
| Publisher | : Business Expert Press |
| Total Pages | : 136 |
| Release | : 2018-12-18 |
| Genre | : Business & Economics |
| ISBN | : 1948976021 |
Download Trade Credit and Financing Instruments Book in PDF, ePub and Kindle
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, and risks associated with trade credit in supply chains across the globe. Trade credit is extensively used in both domestic and international commercial transactions. Although it clearly supports growth, its significance is even greater for developed countries, where the market has recovered remarkably since the global financial crisis. The number and heterogeneity of motivations to trade credit justify the variability observed in the data on global trading, and the role of trade credit has become crucial in supply chain coordination. A range of diverse trade credit finance solutions are available and include products and services offered by financial intermediaries and market products, highlighting a very interesting set of intermediate solutions that have emerged as a result of new technologies utilized in financial services. For financiers trade credit is an attractive option, but an in-depth evaluation of the possibility of losses forms the basis of a deep understating of numerous sources that can create credit risk (default and dilution risk). 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, and risks associated with trade credit in supply chains across the globe.
| Author | : Claudio Raddatz |
| Publisher | : World Bank Publications |
| Total Pages | : 53 |
| Release | : 2012 |
| Genre | : |
| ISBN | : |
Download credit chains and sectoral comovement: does the use of trade credit amplify sectoral shocks? Book in PDF, ePub and Kindle
This paper provides evidence of the presence and relevance of a credit-chain amplification mechanism by looking at its implications for the correlation of industries. In particular, it tests the hypothesis that an increase in the use of trade-credit along the input-output chain linking two industries results in an increase in their correlation. The analysis uses detailed data on the correlations and input-output relations of 378 manufacturing industry-pairs across 44 countries with different degrees of use of trade credit. The results provide strong support for this hypothesis and indicate that the mechanism is quantitatively relevant.
| Author | : Juliette Levy |
| Publisher | : Penn State Press |
| Total Pages | : 176 |
| Release | : 2012-01-01 |
| Genre | : History |
| ISBN | : 0271052147 |
Download The Making of a Market Book in PDF, ePub and Kindle
During the nineteenth century, Yucat&án moved effectively from its colonial past into modernity, transforming from a cattle-ranching and subsistence-farming economy to a booming export-oriented agricultural economy. Yucat&án and its economy grew in response to increasing demand from the United States for henequen, the local cordage fiber. This henequen boom has often been seen as another regional and historical example of overdependence on foreign markets and extortionary local elites. In The Making of a Market, Juliette Levy argues instead that local social and economic dynamics are the root of the region&’s development. She shows how credit markets contributed to the boom before banks (and bank crises) existed and how people borrowed before the creation of institutions designed specifically to lend. As the intermediaries in this lending process, notaries became unwitting catalysts of Yucat&án&’s capitalist transformation. By focusing attention on the notaries&’ role in structuring the mortgage market rather than on formal institutions such as banks, this study challenges the easy compartmentalization of local and global relationships and of economic and social relationships.
| Author | : Ross Levine |
| Publisher | : |
| Total Pages | : 130 |
| Release | : 2004 |
| Genre | : Economic development |
| ISBN | : |
Download Finance and Growth Book in PDF, ePub and Kindle
"This paper reviews, appraises, and critiques theoretical and empirical research on the connections between the operation of the financial system and economic growth. While subject to ample qualifications and countervailing views, the preponderance of evidence suggests that both financial intermediaries and markets matter for growth and that reverse causality alone is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth. The paper highlights many areas needing additional research"--NBER website
| Author | : Asli Demirguc-Kunt |
| Publisher | : World Bank Publications |
| Total Pages | : 82 |
| Release | : 2008 |
| Genre | : Access to Finance |
| ISBN | : |
Download Finance, Financial Sector Policies, and Long-run Growth Book in PDF, ePub and Kindle
Abstract: The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.
| Author | : Thorsten Beck |
| Publisher | : World Bank Publications |
| Total Pages | : 56 |
| Release | : 2001 |
| Genre | : Banks and banking |
| ISBN | : |
Download Financial Intermediary Development and Growth Volatility Book in PDF, ePub and Kindle
Panel data for 63 countries in 1960-97 reveal no robust relationship between the development of financial intermediaries and the volatility of growth.
| Author | : Aslı Demirgüç-Kunt |
| Publisher | : MIT Press |
| Total Pages | : 452 |
| Release | : 2001 |
| Genre | : Business & Economics |
| ISBN | : 9780262541794 |
Download Financial Structure and Economic Growth Book in PDF, ePub and Kindle
CD-ROM contains: World Bank data.
| Author | : Francesco Manaresi |
| Publisher | : International Monetary Fund |
| Total Pages | : 75 |
| Release | : 2019-05-17 |
| Genre | : Business & Economics |
| ISBN | : 1498315917 |
Download Credit Supply and Productivity Growth Book in PDF, ePub and Kindle
We study the impact of bank credit on firm productivity. We exploit a matched firm-bank database covering all the credit relationships of Italian corporations, together with a natural experiment, to measure idiosyncratic supply-side shocks to credit availability and to estimate a production model augmented with financial frictions. We find that a contraction in credit supply causes a reduction of firm TFP growth and also harms IT-adoption, innovation, exporting, and adoption of superior management practices, while a credit expansion has limited impact. Quantitatively, the credit contraction between 2007 and 2009 accounts for about a quarter of observed the decline in TFP.
