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Comment: An Economic Model of Trade Credit

Published online by Cambridge University Press:  19 October 2009

Calvin R. Myers
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Extract

Professor Schwartz's [6] attempt to provide an economic model of trade credit is to be applauded. I am in complete accord with his statement [6, p. 656] that “the aggregate importance of trade credit and the economic effects generated by changes in trade credit flows suggest that greater attention should be given to this source of funds.” For too long, thorough qualitative and quantitative analyses applied to the phenomenon of trade credit have been somewhat neglected. In his attempt to remedy this situation, Schwartz is to be complimented.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 12 , Issue 3 , September 1977 , pp. 519 - 524
Copyright
Copyright © School of Business Administration, University of Washington 1977

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References

REFERENCES

[1]Brechling, F. P. R., and Lipsey, R. G.. “Trade Credit and Monetary Policy.” Economic Journal, Vol. 73 (December 1963).CrossRefGoogle Scholar
[2]Cross, James R. “The Volume and Significance of Trade Credit.” Journal of Marketing, Vol. 14 (October 1949).CrossRefGoogle Scholar
[3]Junk, Paul E. “Monetary Policy and the Extension of Trade Credit.” Southern Economic Journal, Vol. 30 (January 1964).CrossRefGoogle Scholar
[4]Laffer, Arthur B. “Trade Credit and the Money Market.” The Journal of Political Economy, Vol. 78 (March/April 1970).CrossRefGoogle Scholar
[5]Meltzer, Allan H. “Mercantile Credit, Monetary Policy, and Size of Firms.” Review of Economics and Statistics, Vol. 42 (November 1960).CrossRefGoogle Scholar
[6]Schwartz, Robert A. “An Economic Model of Trade Credit.” Journal of Financial and Quantitative Analysis, Vol. 9 (September 1974).CrossRefGoogle Scholar
[7]White, William. “Trade Credit and Monetary Policy: A Reconciliation.” Economic Journal, Vol. 74 (December 1964).CrossRefGoogle Scholar