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Trade Credit and Bank Credit : Impact of Macroeconomic Policy Interventions

The paper develops an empirical model to test the substitution of trade credit for bank credit using the annual financial data of 1,028 Indian manufacturing firms from 2011 to 2019. It further examines the impact of macroeconomic policy interventions on using these two financing sources. ....

United States , France General , United Kingdom , Monte Carlo , World Bank , District Of Columbia , Julio Pindado , Jonathanrw Temple , Jacqueline Ducret , Robert Kieschnick , Tore Ellingsen , Lars Peter , Indram Pandey , Attila Andr , Godfred Alufar , Olympia Bover , Nicholas Wilson , Anthony Yates , Samveg Patel , Conorm Otoole , Anke Hoeffler , Teresa Hogan , Jeremyc Stein , Francisco Javier Canto Cuevas , Ulrike Schaede , Raghuramg Rajan ,