Now showing items 1-2 of 2

    • IMF conditionalities, liquidity provision, and incentives for fiscal adjustment 

      Guimarães, Bernardo; Iazdi, Oz
      This paper proposes a model to study how conditional lending and immediate liquidity provision affect incentives for fiscal adjustment in a country facing the risk of sovereign default. Conditional lending provides explicit ...
    • Trade credit and product market power during a financial crisis 

      Gonçalves, Adalto Barbaceia; Schiozer, Rafael Felipe; Sheng, Hsia Hua
      This paper investigates whether product market power affects trade credit decisions. We exploit the 2007–08 credit crisis in the U.S. as a source of variation in the importance of product market power for trade credit. We ...