An Analysis of a Rules-based Approach to Disciplining Export Credits in Agriculture
AbstractThis paper examines the comparative static effects of rules-based disciplines for government supported export credit arrangements. The arrangements provide traders in the country offering the guarantees more favourable borrowing conditions. This may provide an advantage relative to rival exporters since the supported trader may offer better financial terms to importers. Rules that discipline implicit interest rate subsidies are appropriate when an importing country does not face liquidity constraints when borrowing. However, these rules may not be appropriate with liquidity constraints because of the potential for additionality and benefits for all exporting countries. Rules on benchmarks for insurance premiums are always appropriate because insurance subsidies unambiguously have the potential to distort markets.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal International Economic Journal.
Volume (Year): 21 (2007)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RIEJ20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Rienstra-Munnicha, Paul & Mulik, Kranti & Koo, Won W., 2006. "Empirically Analyzing The Impact Of U.S. Export Credit Programs On U.S. Agricultural Trade," Agribusiness & Applied Economics Report 23644, North Dakota State University, Department of Agribusiness and Applied Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.