Trade Credit and Monetary Policy Transmission
综述了贸易信贷在货币政策传导中作为外部融资来源的新兴文献，将其与成熟的信贷渠道文献联系起来，有助于理解银行借贷渠道的实证困难。
Abstract. 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.