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...
| Autor principal: | |
|---|---|
| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2011.
|
| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2011/262 |
| Accés en línia: | Full text available on IMF |