Premium
Trade Credit and Monetary Policy Transmission
Author(s) -
Mateut Simona
Publication year - 2005
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/j.0950-0804.2005.00262.x
Subject(s) - economics , credit channel , monetary policy , monetary economics , monetary transmission mechanism , trade credit , channel (broadcasting) , balance sheet , transmission (telecommunications) , macroeconomics , international economics , finance , inflation targeting , computer science , computer network , telecommunications
. Recently, an increasing number of papers have investigated the role of trade credit as an external source of finance when analyzing the monetary transmission mechanism. These works support the balance sheet‐channel view and at the same time explain the difficulties encountered when looking for evidence in favor of the bank‐lending channel. This paper presents a survey of the emerging literature on the role of trade credit in the transmission of monetary policy, trying to link it with the well‐established credit‐channel literature.