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The paper develops an empirical model to test the substitution of trade credit for bank credit using the annual financial data of 1,028 Indian manufacturing firms from 2011 to 2019. It further examines the impact of macroeconomic policy interventions on using these two financing sources.
The conventional wisdom is that opening up new branches is the best way to extend outreach of the formal financial sector to rural areas. Using a survey data set, this paper challenges the conventional view by concluding that relatively resource-rich rural households from distant locations availed multiple loans from formal lenders rather than the households located closer to
한국을 대표하는 글로벌 방송! The World On Arirang!
The Economic and Infrastructure Development Cluster (EID) is constituted by three departments namely, the Department of Economic Development Environment Conservation and Tourism (DEDECT), the Department of Agriculture and Rural Development (DARD) and the Department of Public Works and Roads (DPWR).
Malaysia experienced higher growth in outstanding loans of 5% in April compared with 4.6% in the previous month amid some moderation in the expansion of outstanding corporate bonds, according to Bank Negara Malaysia (BNM).