A Theory of Domestic and International Trade Finance /
This paper provides a theory model of trade finance to explain the "great trade collapse." The model shows that, first, the riskiness of international transactions rises relative to domestic transactions during economic downturns, and second, the exclusive use of a letter of credit in inte...
| 第一著者: | |
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| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
2011.
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| シリーズ: | IMF Working Papers; Working Paper ;
No. 2011/262 |
| オンライン･アクセス: | Full text available on IMF |