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Monetary Policy and Trade Credit: Evidence for Spain

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Modern Bank Behaviour

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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.

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Authors
  1. Santiago Carbo-Valverde
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  2. José Manuel Mansilla-Ferndndez
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  3. Francisco Rodriguez-Fernandez
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Editor information

Editors and Affiliations

  1. Universitat de València, Spain

    José Manuel Pastor Monsálvez  & Juan Fernández de Guevara Radoselovics  & 

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© 2013 Santiago Carbó-Valverde, José Manuel Mansilla-Fernández and Francisco Rodríguez-Fernández

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Carbo-Valverde, S., Mansilla-Ferndndez, J.M., Rodriguez-Fernandez, F. (2013). Monetary Policy and Trade Credit: Evidence for Spain. In: Monsálvez, J.M.P., de Guevara Radoselovics, J.F. (eds) Modern Bank Behaviour. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137001863_5

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