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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP413 |
DP413 Long Term Contracts in International Trade | |
Dalia Marin; Erwin Amann | |
发表日期 | 1990-04-01 |
出版年 | 1990 |
语种 | 英语 |
摘要 | Countertrade agreements in international trade refer to a practice in which an exporter agrees to purchase in the future, from the importer, commodities proportional to his original export sale. The paper analyzes why it might be efficient for agents to undertake trade through a reciprocal long-term transaction rather than a conventional spot transaction. More specifically, the paper argues that countertrade represents a rational response to market incompleteness because it allows the forward selling of commodities where no organized futures market exists. In this way countertrade helps reduce risk by providing information on future market conditions and by offering insurance against random fluctuations in these conditio. |
主题 | International Trade and Regional Economics |
关键词 | Commodities Futures market Incomplete markets International trade |
URL | https://cepr.org/publications/dp413 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529568 |
推荐引用方式 GB/T 7714 | Dalia Marin,Erwin Amann. DP413 Long Term Contracts in International Trade. 1990. |
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