Cash Constraints and Credit Corsets : The Chimera of Interenterprise Credit

[摘要] The buildup of interenterprise credit inmany Central and Eastern European countries is often seen asa problem that requires a government bailout. The authorsshow that arrears rise only temporarily, as the hard budgetconstraint bites, and then plateau. Therefore, they arguethat while governments should monitor the stock of debt tosee how quickly enterprises are adjusting, theyshouldn't be panicked into bailing them out.

[发布机构] World Bank, Washington, DC

[学科分类] 社会科学、人文和艺术（综合）

[关键词] ACCOUNTING;ACCRUAL ACCOUNTING;BALANCE SHEETS;BANKING SYSTEM;BANKRUPTCY