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2005-09-10
英文文献:The Relationship Between Exports, Credit Risk And Credit Guarantees
英文文献作者:Rienstra-Munnicha, Paul,Turvey, Calum G.
英文文献摘要:
This paper shows how risk mitigation through export credit insurance could increase exports to high risk importing countries. The key result is that the export response curve is more inelastic in the presence of payment risk, and the effect of insurance is to make the export curve more elastic. Statistical evidence supports this fundamental premise.
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