13. Governmentally Supplied Credit. Various govern- ments have established agencies to insure against nonpayment for exports and/or...
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13. Governmentally Supplied Credit. Various govern- ments have established agencies to insure against nonpayment for exports and/or to provide export. credit. This shifts credit risk away from private banks and to the citizen taxpayers of the country whose government created and backs the agency. Why would such an arrangement be of benefit to the citi- zens of that country?
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Fundamentals Of Multinational Finance
ISBN: 9780321541642
3rd Edition
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
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