Towards a theory of trade finance
Shipping goods internationally is risky and takes time. To allocate risk and to finance the time gap between production and sale, a range of payment contracts is utilized. I study the optimal choice between these payment contracts and their implications for trade. The equilibrium contract is dete...
| المؤلف الرئيسي: | |
|---|---|
| التنسيق: | Working paper |
| منشور في: |
University of Oxford
2011
|
Search Result 1
