Coulibaly, Brahima; Sapriza, Horacio; Zlate, Andrei - Federal Reserve Board (Board of Governors of the … - 2011
factors that contributed to the disproportionately large decline in international trade during the crisis. …This paper studies the role of the credit crunch in the severe contraction of trade and economic activity at the height … in external financing opportunities, some firms relied more on trade credit from suppliers to supplement operating …