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The Joint Commercial Operations As A Tool To Avoid Liquidities In The Current Crisis Context

Author

Listed:
  • UNGUREANU, Gabriela

    (Faculty of Marketing and International Affaires Spiru Haret University)

  • PISTOL, Luminiţa

    (Faculty of Marketing and International Affaires Spiru Haret University)

  • VÂRGĂ, Anca

    (Faculty of Marketing and International Affaires Spiru Haret University)

Abstract

The main joint commercial operations are counterpart, re-export and switch operations. Regardless of the evolution of barter, these arrangements may be made at the firm level, as well as at the governmental one. Delivery in counterpart has extended relatively a lot in the contemporary international trade and it implies the elimination or the reduction of the traditional paying tools and its replacement with the exchange of goods and services normally sustained by financial deals. The counterpart operations are mainly based on the oldest form of trade – the barter (exchanging goods for goods) which precedes the use of money. The barter as an arrangement between Governments of different countries has some specific features such as: the high value level of the occasional barter exchanges, the long-term convention, an agreement regarding different safeguarding stipulations.

Suggested Citation

  • UNGUREANU, Gabriela & PISTOL, Luminiţa & VÂRGĂ, Anca, 2010. "The Joint Commercial Operations As A Tool To Avoid Liquidities In The Current Crisis Context," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 1(1), pages 121-130.
  • Handle: RePEc:ris:sphecs:0036
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    Keywords

    clearing agreement; buy-back; switch; off-sets; compensation; barter;

    JEL classification:

    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects

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