Moser, Christoph; Nestmann, Thorsten; Wedow, Michael - Deutsche Bundesbank - 2006
investigates the claim that German public export credit guarantees (Hermes guarantees) mitigate this friction to trade flows and … importing country in order to evaluate the effect of export guarantees. The idea behind export promotion through public export … credit agencies (ECAs) is that the private market is unable to provide adequate insurance for all risks associated with …