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Santiago Justel

Country Economist · World Bank Group

Country Economist at the World Bank Group based in Mexico, with a PhD in Economics from UCLA. Fields are international trade, macroeconomics and empirical industrial organization, including trade credit and markups.

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