Bank borrowing constraints and the deman
β
Christina V. Atanasova; Nicholas Wilson
π
Article
π
2003
π
John Wiley and Sons
π
English
β 155 KB
## Abstract Monetary policy contractions exacerbate credit constraints stemming from asymmetric information, incentive problems and limited collateral. During such periods financial intermediaries reduce the supply of credit to smaller businesses. Although trade credit is a less desirable alternati