International Trade, Risk, and the Role of Banks
beSpacific 2014-05-20
Summary:
Federal Reserve Bank of New York Staff Reports – Friederike Niepmann, Tim Schmidt-Eisenlohr. Staff Report No. 633. September 2013 , Revised April 2014 “Banks play a critical role in facilitating international trade by guaranteeing international payments and thereby reducing the risk of trade transactions. This paper employs banking data from the United States to document new empirical patterns regarding […]
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