In most inventory models it is assumed that the parameters of the model do not vary with time, and that the payment of orders from the retailer to the supplier is made immediately up on the receipt of these orders. Some suppliers, however, allow a certain fixed period to settle payment accounts. During this fixed period no interest is charged by the supplier, but beyond that period an interest,...

Boschen and Weise (Journal of Money, Credit and Banking, 2003) model the probability of a large upturn in in‡ation. We extend their work to show that openness to trade exerts a negative e¤ect on the probability of such an event. Keywords: In‡ation starts, trade openness. JEL classi…cation: E31, F41.

We study how the availability of domestic credit influences the contribution that financing activities make to a firm’s return on equity (ROE). Using a sample of 51,866 firms from 69 countries, we find that financing activities contribute more to a firm’s ROE in countries with higher domestic credit. The higher contribution of financing activities is not driven by firms taking greater leverage ...

This study investigates the impact of monetary policy on balance of payments (BOP) adjustment in Nigeria within the periods, 1980-2015. The study used the bound testing approach to show the relationship that exists among monetary policy variables (money supply, domestic credit, inflation and exchange rate), output growth, and trade balance and BOP adjustment in Nigeria. The study shows that the...

Integrated logistics and financial services have been practiced by third party logistics (3PL) firms for years; however, the literature has been silent on the value of 3PL firms as credit providers in budget-constrained supply chains. This paper investigates an extended supply chain model with a supplier, a budget-constrained retailer, a bank, and a 3PL firm, in which the retailer has insuffici...