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2 posts on "letters of credit"
March 4, 2015

No Guarantees, No Trade!

Friederike Niepmann and Tim Schmidt-Eisenlohr

World trade fell 20 percent relative to world GDP in 2008 and 2009.

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Posted at 7:00 am in Exports, Financial Institutions, Inflation, International Economics | Permalink
May 21, 2014

Why U.S. Exporters Use Letters of Credit

Banks play a critical role in international trade by offering letters of credit (LCs) that substantially reduce the risk faced by exporters.

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Posted at 7:00 am in Exports, Financial Institutions, International Economics | Permalink | Comments (2)

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