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Credit-Policy
Credit-Policy
4 papers tracked
1 forthcoming
Showing 4 papers
Forthcoming
American Economic Journal: Macroeconomics
Diversion Risk, Markups, and the Financing Cost Advantage of Trade CreditAlvaro 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 …
Online First
Journal of Money, Credit and Banking
17 Feb 2026
A Tale of Two Bailouts and Their Impact on Subprime Consumer DebtAllen N. Berger · Onesime Epouhe · Raluca A. Roman
This paper examines the effects of the Troubled Asset Relief Program (TARP) and the Paycheck Protection Program (PPP)—two government bailout programs during the Global Financial Crisis and the …
Online First
Journal of Money, Credit and Banking
28 Jan 2026
Regulating Credit Lines in the Presence of Fire‐Sale ExternalitiesJosé E. Gutiérrez
This paper provides a contract-theoretic rationale for the special liquidity regulation of bank credit lines—a form of lending that has received little attention in the regulatory literature despite …