Browsing by Subject "F3"

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Browsing by Subject "F3"

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    Title: Towards a Theory of Trade Finance  Author(s): SCHMIDT-EISENLOHR, Tim Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Cross border transactions are conducted using diffierent payment contracts, the usage of which varies across countries and over time. In this paper I build a model that can explain this observation and study implications ...
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    Title: The Role of Expectations in Sudden Stops  Author(s): MERTENS, Karel Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper presents a flexible-price small open economy model with a “peso problem” in productivity states. Agents rationally adjust their beliefs about future productivity growth after the arrival of news. A downward ...