Cash Constraints and Credit Corsets : The Chimera of Interenterprise Credit
The buildup of interenterprise credit in many Central and Eastern European countries is often seen as a problem that requires a government bailout. The authors show that arrears rise only temporarily, as the hard budget constraint bites, and then p...
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| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1995/03/441460/cash-constraints-credit-corsets-chimera-interenterprise-credit http://hdl.handle.net/10986/11676 |
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okr-10986-116762021-06-14T11:04:52Z Cash Constraints and Credit Corsets : The Chimera of Interenterprise Credit Condon, Timothy Ramachandran, S. ACCOUNTING ACCRUAL ACCOUNTING BALANCE SHEETS BANKING SYSTEM BANKRUPTCY CENTRAL BANK CENTRAL BANKS COMMERCIAL BANK LOANS COMMERCIAL BANKS COMMERCIAL PAPER CORPORATE INCOME TAXES CREDIT CEILINGS CREDIT MARKETS CREDITOR CREDITORS DEBT DEBTS DEFICITS EXCHANGE RATES EXCISE TAXES HUMAN CAPITAL INCOME INFLATION INTERENTERPRISE ARREARS INTEREST RATES INVENTORIES INVENTORY LAWS MONETARY AUTHORITIES MONETARY POLICY NOMINAL INTEREST RATES NONBANK CREDIT PRIVATIZATION RESOURCE ALLOCATION TAX ADMINISTRATION TAXPAYERS WAGE TAXES WAGES WORKING CAPITAL GOVERNMENT ROLE BAIL-OUT LOANS CREDIT CONTROLS CREDIT EFFECTIVENESS MONETARY POLICY INFLATION ENTERPRISES MARKET ECONOMY The buildup of interenterprise credit in many Central and Eastern European countries is often seen as a problem that requires a government bailout. The authors show that arrears rise only temporarily, as the hard budget constraint bites, and then plateau. Therefore, they argue that while governments should monitor the stock of debt to see how quickly enterprises are adjusting, they shouldn't be panicked into bailing them out. 2012-08-13T15:42:07Z 2012-08-13T15:42:07Z 1995-03 http://documents.worldbank.org/curated/en/1995/03/441460/cash-constraints-credit-corsets-chimera-interenterprise-credit http://hdl.handle.net/10986/11676 English Viewpoint: Public Policy for the Private Sector; Note No. 41 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Viewpoint Publications & Research Europe and Central Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING ACCRUAL ACCOUNTING BALANCE SHEETS BANKING SYSTEM BANKRUPTCY CENTRAL BANK CENTRAL BANKS COMMERCIAL BANK LOANS COMMERCIAL BANKS COMMERCIAL PAPER CORPORATE INCOME TAXES CREDIT CEILINGS CREDIT MARKETS CREDITOR CREDITORS DEBT DEBTS DEFICITS EXCHANGE RATES EXCISE TAXES HUMAN CAPITAL INCOME INFLATION INTERENTERPRISE ARREARS INTEREST RATES INVENTORIES INVENTORY LAWS MONETARY AUTHORITIES MONETARY POLICY NOMINAL INTEREST RATES NONBANK CREDIT PRIVATIZATION RESOURCE ALLOCATION TAX ADMINISTRATION TAXPAYERS WAGE TAXES WAGES WORKING CAPITAL GOVERNMENT ROLE BAIL-OUT LOANS CREDIT CONTROLS CREDIT EFFECTIVENESS MONETARY POLICY INFLATION ENTERPRISES MARKET ECONOMY |
| spellingShingle |
ACCOUNTING ACCRUAL ACCOUNTING BALANCE SHEETS BANKING SYSTEM BANKRUPTCY CENTRAL BANK CENTRAL BANKS COMMERCIAL BANK LOANS COMMERCIAL BANKS COMMERCIAL PAPER CORPORATE INCOME TAXES CREDIT CEILINGS CREDIT MARKETS CREDITOR CREDITORS DEBT DEBTS DEFICITS EXCHANGE RATES EXCISE TAXES HUMAN CAPITAL INCOME INFLATION INTERENTERPRISE ARREARS INTEREST RATES INVENTORIES INVENTORY LAWS MONETARY AUTHORITIES MONETARY POLICY NOMINAL INTEREST RATES NONBANK CREDIT PRIVATIZATION RESOURCE ALLOCATION TAX ADMINISTRATION TAXPAYERS WAGE TAXES WAGES WORKING CAPITAL GOVERNMENT ROLE BAIL-OUT LOANS CREDIT CONTROLS CREDIT EFFECTIVENESS MONETARY POLICY INFLATION ENTERPRISES MARKET ECONOMY Condon, Timothy Ramachandran, S. Cash Constraints and Credit Corsets : The Chimera of Interenterprise Credit |
| geographic_facet |
Europe and Central Asia |
| relation |
Viewpoint: Public Policy for the Private Sector; Note No. 41 |
| description |
The buildup of interenterprise credit in
many Central and Eastern European countries is often seen as
a problem that requires a government bailout. The authors
show that arrears rise only temporarily, as the hard budget
constraint bites, and then plateau. Therefore, they argue
that while governments should monitor the stock of debt to
see how quickly enterprises are adjusting, they
shouldn't be panicked into bailing them out. |
| format |
Publications & Research :: Viewpoint |
| author |
Condon, Timothy Ramachandran, S. |
| author_facet |
Condon, Timothy Ramachandran, S. |
| author_sort |
Condon, Timothy |
| title |
Cash Constraints and Credit Corsets : The Chimera of Interenterprise Credit |
| title_short |
Cash Constraints and Credit Corsets : The Chimera of Interenterprise Credit |
| title_full |
Cash Constraints and Credit Corsets : The Chimera of Interenterprise Credit |
| title_fullStr |
Cash Constraints and Credit Corsets : The Chimera of Interenterprise Credit |
| title_full_unstemmed |
Cash Constraints and Credit Corsets : The Chimera of Interenterprise Credit |
| title_sort |
cash constraints and credit corsets : the chimera of interenterprise credit |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1995/03/441460/cash-constraints-credit-corsets-chimera-interenterprise-credit http://hdl.handle.net/10986/11676 |
| _version_ |
1764417599157829632 |