Cash Constraints and Credit Corsets : The Chimera of Interenterprise Credit

• Tác giả: Timothy Condon
• Ngôn ngữ: eng
• Ký hiệu phân loại: 658.1 Organization and finance
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 309370
• Chủ đề: 1. ACCOUNTING; 2. ACCRUAL ACCOUNTING; 3. BALANCE SHEETS; 4. BANKING SYSTEM; 5. BANKRUPTCY

Tóm tắt

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.