Mateut, Simona; Guariglia, Alessandra - Centre for Finance, Credit and Macroeconomics (CFCM), …
In this paper, we use a panel of 609 UK firms over the period 1980-2000 to test for the existence of a trade credit channel of transmission of monetary policy, and for whether this channel plays an offsetting effect on the traditional credit channel. We estimate error-correction inventory...