Valuation and Efficient Allocation of GSM Export Credit Guarantees

Valuation and Efficient Allocation of GSM Export Credit Guarantees

Estimates of country-level loan default distributions are developed and used in a loan guarantee model to value the contingent liability of USDA's General Sales Manager (GSM) export credit guarantee portfolio. The results quantify the relationship between increasing guarantee coverage and the r...

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Bibliographic Details
Main Authors: Matthew A. Diersen, Bruce J. Sherrick
Format: Article
Language:English
Published: Western Agricultural Economics Association 2005-04-01
Series:Journal of Agricultural and Resource Economics
Subjects:
contingent liability
export credit
gsm
loan guarantee valuation
risk-efficiency
Online Access:https://ageconsearch.umn.edu/record/30781

Internet

https://ageconsearch.umn.edu/record/30781

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