Trade Credit and the Transmission of Unconventional Monetary Policy
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https://www.nber.org/papers/w27077
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资源简介：
We show that trade credit in production networks is important for the transmission of unconventional monetary policy. We find that firms with bonds eligible for purchase under the European Central Banks Corporate Sector Purchase Program act as financial intermediaries and extend more trade credit to
提供机构：
美国国家经济研究局
创建时间：
2020-05-01
