Monetary Policy and Trade Credit: Evidence for Spain

Santiago Carbo-Valverde, José Manuel Mansilla-Ferndndez and Francisco Rodriguez-Fernandez
Authors registered in the RePEc Author Service: Santiago Carbo Valverde

Chapter 4 in Modern Bank Behaviour, 2013, pp 68-82 from Palgrave Macmillan

Abstract: Abstract Trade credit is one of the most important financial sources for Spanish firms. It facilitates trade between firms and diversifies their funding sources. One of the main objectives of trade credit is to permit sellers to delay payment to their customers, depending on their financial needs. On the other hand, customers are able to operate with higher liquidity margins.

Keywords: Interest Rate; Monetary Policy; Bank Loan; Trade Credit; Bank Lending (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-00186-3_5

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DOI: 10.1057/9781137001863_5

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