Firms as Financial Intermediaries : Evidence from Trade Credit Data

The authors argue that non-financial firms act as intermediaries, by channeling short-term funds from the financial institutions in an economy, to their best use. Non-financial firms act in this way because they may have a comparative advantage in...

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Bibliographic Details
Main Authors: Demirguc-Kunt, Asli, Maksimovic, Vojislav
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
GDP
Online Access:http://hdl.handle.net/10986/19511