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Alvaro Garcia-Marin

Dean, Faculty of Economics and Business · Universidad de los Andes (Chile)

Dean of the Faculty of Economic and Business Sciences at Universidad de los Andes, Chile. His research is in international economics and macroeconomics, including trade credit, markups and productivity.

1 paper tracked 1 forthcoming ⌁ Follow this author

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Forthcoming American Economic Journal: Macroeconomics

Diversion Risk, Markups, and the Financing Cost Advantage of Trade Credit

Alvaro Garcia-Marin · Santiago Justel · Tim Schmidt-Eisenlohr

This paper provides a theory and evidence for why firms with higher markups extend more trade credit, focusing on a financing cost channel that is distinct from existing competition-based …

Credit Policy International Finance Financial Frictions Markups