We contribute to the finance literature in two main ways. First, we present a theoretical capital asset pricing model …

international finance is ‘what is insurance and where does insurance end?’ This paper aims to elaborate on the economics of … insurance and its borders with general finance. It argues that the classification challenge by regulators partly stems from … terminological confusion between insurance activities and more general financial activities. Insurance and finance both use the same …

This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The … a U.S. bank’s share of the trade finance market in a country is, the larger should be the effect on exports to that …’s supply of letters of credit increases export growth, on average, by 1.5 percentage points. The effect is larger for exports …

I show in this paper that incomplete contracts affect a firm’s decision about serving foreign customers through exports …

“Northern” group’s exports to other EU15 countries (which have remained intact), the Southern countries’s exports to the other …

-off between exports and foreign direct investment as alternative modes of foreign market access. The paper derives comparative …

technology chooses either exports or technology transfer through licensing as its mode of supplying the Southern market, based on … increasing its exports. Welfare in the South would rise (fall) if that country has high (low) absorptive capacity. Excessively …