The Relationship between Exports, Credit Risk and Credit Guarantees
The Relationship between Exports, Credit Risk and Credit Guarantees
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DOI：
10.1111/j.1744-7976.2002.tb00338.x
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发表时间：
2002-11
影响因子：
9
通讯作者：
Paul Rienstra-Munnicha;C. Turvey
中科院分区：
文献类型：
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作者：
Paul Rienstra-Munnicha;C. Turvey
本文件旨在了解进口国的出口信贷价值如何影响农产品和其他制成品的出口销售，以及出口信贷担保或保险如何减轻不付款的风险。建立了理论模型。它说明了通过出口信贷保险减少风险如何能够增加对高风险进口国的出口。关键的结果是，在存在支付风险的情况下，出口响应曲线更缺乏弹性，保险的作用是使出口曲线更有弹性。统计证据支持这一基本前提。
This paper provides an understanding of how the export credit worthiness of an importing country affects export sales of agricultural and other manufactured products and how export credit guarantees or insurance can mitigate risks of non-payment. A theoretical model is developed. It shows how risk mitigation through export credit insurance could increase exports to high risk importing countries. The key result is that the export response curve is more inelastic in the presence of payment risk, and the effect of insurance is to make the export curve more elastic. Statistical evidence supports this fundamental premise.