Results 261 to 270 of about 301,933 (307)

Export Growth and Credit Constraints [PDF]

SSRN Electronic Journal, 2012
We investigate the magnitude and the persistence of the effect of credit constraints on the growth of exports at a micro level. We develop a model showing credit constraints play a key role in early stages of exporting, with their role on the growth rate of exports diminishing as exporting continues.
Tibor Besedeš, Byung–Cheol Kim, Volodymyr Lugovskyy   +2 more
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Exporting and Investment Under Credit Constraints

2023
Nous examinons la relation entre le rendement des entreprises et les contraintes de crédit touchant l’entrée sur les marchés d’exportation. La recherche actuelle suppose que la variation des conditions financières d’une entreprise est indicative de contraintes de crédit.
Huynh, Kim, Petrunia, Robert J., Rodrigue, Joel, Steingress, Walter   +3 more
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Credit Constraints and Durable Consumption [PDF]

SSRN Electronic Journal, 2010
I find quantitative evidence of a significant effect for credit constraints on durable consumption during a post-deregulation consumer spending spree. The effect varied markedly across age and educational groups. Young households with low levels of education displayed high sensitivity to credit conditions.
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Trade credit, collateral liquidation, and borrowing constraints [PDF]

Journal of Financial Economics, 2010
Assuming that firms’ suppliers are better able to extract value from the liquidation of assets in default and have an information advantage over other creditors, the paper derives six predictions on the use of trade credit. (1) Financially unconstrained firms (with unused bank credit lines) take trade credit to exploit the supplier's liquidation ...
Daniela Fabbri, MENICHINI, Anna Maria Cristina   +1 more
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Credit Constraints and Human Capital Policies

SSRN Electronic Journal, 2019
We develop a model of voting behavior to show how credit constraints affect a society's demand for government spending on human capital policies, namely, public policies that increase the returns to human capital investments. The main result of the model is that a reduction in credit market frictions can increase the share of government spending on ...
Braz Camargo, Guilherme Stein
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Consumption and credit constraints: International evidence

Journal of Monetary Economics, 1997
Abstract If some consumers are liquidity-constrained, aggregate consumption should be ‘excessively sensitive’ to credit conditions as well as to income. Moreover, the ‘excess sensitivity’ may vary over time. Using data for the United States, Canada, the United Kingdom, Japan and France, we find a substantial impact of credit aggregates on consumption
Bacchetta, Philippe, Gerlach, Stefan
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Credit Constraints and International Financial Crises

SSRN Electronic Journal, 2001
Abstract A version of the Kiyotaki and Moore (J. Political Econom. 105 (1997) 211) model of credit cycles is used to examine the extent to which a crisis in a country can spread to another seemingly unrelated country. The model features two small open economies that face credit constraints and produce a differentiated commodity which they export to a
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Credit Constraints and Consumer Spending

2009
This paper examines the relationship between aggregate consumer spending and credit availability in the United States. The author finds that consumer spending falls (rises) in response to a reduction (increase) in credit availability. Moreover, she provides a formal assessment of the possibility that credit availability is particularly important for ...
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Short-Sale Constraints and Credit Runs

SSRN Electronic Journal, 2015
This paper studies how short-sale constraints affect the informational efficiency of market prices and the link between prices and economic activity. I show that under short-sale constraints security prices contain less information. However, short-sale constraints increase the informativeness of prices to some agents who learn about the quality of an ...
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