Sources of Credit and the Extent of the Credit Market: A View from Bankruptcy Records, Mississippi 1929-1936
No 2014-09, Working Papers from American University, Department of Economics
This paper exploits newly-collected, highly-detailed data on sources of credit drawn from documents filed by a sample of petitioners for bankruptcy in Mississippi in the 1930s. The bankruptcy documents reveal that long-distance credit networks were extensive during this period. Credit networks were dominated by trade credit, particularly book credit that was extended from business to business. At this time, the bank-to-business lending channels that are common today were only beginning to develop. Manufacturers had both fewer long-distance creditors and fewer financial intermediaries as creditors than either merchants or farmers. New sources of consumer credit, though, were available even in the relatively under-developed Deep South. Â
New Economics Papers: this item is included in nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://doi.org/10.17606/2pqq-sd29 First version, 2014 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:amu:wpaper:2014-09
Access Statistics for this paper
More papers in Working Papers from American University, Department of Economics
Bibliographic data for series maintained by Thomas Meal ().