Kohlscheen, Emanuel (contributor); … - 2006
basis, often by private banks deeply
3
The first creditor affected was the German export credit guarantee group Hermes,
which … that trades a perishable commodity export for a (numeraire)
import good that is not produced locally. Debt is initially … of one unit of the imported good. The
investment project produces a stochastic output of a second, storable export
good …