CEU eTD Collection (2009); Ghazaryan, Narek: Payment Systems in International Trade and Interest Rates

CEU Electronic Theses and Dissertations, 2009
Author Ghazaryan, Narek
Title Payment Systems in International Trade and Interest Rates
Summary This research incorporates trade credit costs into celebrated gravity equations, under the assumptions of particular method of payment used in international trade. The equations derived are tested with US data on foreign trade and the implications of the model are used to explain the deteriorating US exports during 2007-2009 Global Financial Crisis.
Supervisor Koren, Miklos
Department Economics MA
Full texthttps://www.etd.ceu.edu/2009/ghazaryan_narek.pdf

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