References


Atanasova, C.V. and N. Wilson (2001), “Borrowing Constraints and The Demand for Trade Credit: Evidence From UK Panel Data”, Credit Management Research Center, Leeds University Business School, Mimeograph.

Aydin, H., C.Kaplan, M. Kesriyeli, E. Ozmen and Yalcin, C., S. Yigit (2006),“ Corporate Sector Financial Structure in Turkey: A Descriptive Analysis”, Working Paper, No:06/07, The Central Bank of the Republic of Turkey.

Berger,A. and G. Udell (1998), “ The Economics of Small Business Finance: The Roles of Private Equity and Debt Markets in the Financial Growth Cycle ”, Journal of Banking and Finance, Vol:22 , 613-673

Bernanke, B. S. and A. S. Blinder (1988), “Credit, Money and Aggregate Demand”, American Economic Review, Vol: 78(2), 435-39.

Bernanke, B. S., M. Gertler and S. Gilchrist (1996), “Financial Accelerator and the Flight to Quality”, The Review of Economics and Statistics, Vol: 78(1), 1-15. (1998), 

Bernanke, B. S., M. Gertler and S. Gilchrist (1998), “The Financial Accelerator in a Quantitative Business Cycle Framework” in Taylor and Woodford, eds, Handbook of Macroeconomics, Vol: 1C, 1341-93 (Elsevier).

Choi, W. and Y. Kim (2005), “Trade Credit and the Effect of Macro-Financial Shocks: Evidence from US Panel Data”, Journal of Financial and Quantitative Analysis, Vol: 40 (4), 897-925.

De Blasio, G. (2003), “Does Trade Credit Substitute Bank Credit? Evidence from Firm-Level Data”, IMF Working Paper, No:03/166.

Elliehansen, G.E. and J.D. Wolken (1993), “The Demand for Trade Credit: An Investigation of Motives for Trade Credit Use by Small Business”, Board of Governors of the Federal Reserve System, September.

Ge, Y. and J.Qiu (2007), “ Financial Development, Bank Discrimination and Trade Credit”, Journal of Banking and Finance, Vol: 31,513-530.

Gertler, M. and S. Gilchrist (1994), “Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms”, The Quarterly Journal of Economics Vol: 109(2), 309-340.

Guariglia, A. and S. Mateut (2006), “Credit Channel, Trade Credit Channel and Inventory Investment: Evidence from a Panel of UK Firms”, Journal of Banking and Finance, Vol: 30, 2835-2856.

Kashyap, A. K., J. C. Stein, and D. W. Wilcox (1993), “Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance”, American Economic Review, 83(1), 78-98.

Kashyap, A.K., O.A. Lamont and J.C.Stein (1994), “Credit Condition and the Cyclical Behavior of Inventories”, Quarterly Journal of Economics, Vol: 109, 567-592.

Kiyotaki, N. and J. Moore (1997), “Credit Cycles”, Journal of Political Economy, Vol: 105(2), 211-248.

Kohler, M., E. Britton and T.Yates (2000),“ Trade Credit and the Monetary Transmission Mechanism”, Bank of England Working Paper Series, No: 115.

Love, I., L. Preve, and V. Sarria-Allende (2007), “Trade Credit and Bank Credit: Evidence from Recent Financial Crises”, Journal of Financial Economics, Vol: 83, 453-469.

Mateut, S., Bougheas, S. and P. Mizen (2006), “ Trade Credit, Bank Lending and Monetary Policy Transmission”, European Economic Review, Vol: 50, 603-629.

Mateut, S. (2005), “ Trade Credit and Monetary Policy Transmission”, Journal of Economic Surveys, Vol:19 (4),655-669.

Meltzer, A. (1960), “ Mercantile Credit, Monetary Policy and the Size of Firms”, Review of Economics and Statistics, Vol:42 (4), 429-437.

Mizen, P. and C. Yalcin (2006), “ Monetary Policy, Corporate Financial Position and Real Activity”, Working Paper, No: 06/01, The Central Bank of the Republic of Turkey.

Nilsen, J. (2002), “ Trade Credit and the Bank-Lending Channel ”, Journal of Money, Credit and Banking, Vol: 34 , 226-253.

Rajan, R. G. and L. Zingales (1995), “What Do We Know about Capital Structure? Some Evidence from International Data”, The Journal of Finance, 50 (5), 1421- 1460.

Ercan, T. (2004), “Turk Ekonomisinde Makro Kredi Kanali: Olcek ve Kalite Acisindan Bir Degerlendirme”, Mimeo, CBRT.

Valderrama, M. (2003), “ The Role of Trade Credit and Bank-Lending Relationships in the Transmission Mechanism in Austria” in Angelino, I., Kashyap, A. and B. Mojon, eds. , Monetary Policy Transmission in the Euro Area, Cambridge University Press.

Yalcin, C., O.Y. Culha, and P.O. Ozlu, (2005), “Economic Growth and Financial Structure: A Firm Level Analysis”, TUSIAD-CBT Publication.