International Barter
International Barter
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In our eReader you can find the full English version of the book. Read International Barter Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book International Barter
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The Soviets then distribute and sell the soft drink throughout the country. PepsiCo agreed to take Stolichnaya vodka in payment for its syrup and the use of its trademark. What converts this trans- action from a pure barter to a compensation agreement is that the amount of syrup which the USSR buys depends on the amount of vodka Pepsi can sell in the US. -'-^ -11- B. Group 2: Clearing Agreements, Switch, and Aller/Retour i) Clearing Agreements A clearing agreements represents monetary trade usi...ng a "book" money. The two countries establishing the arrangement agree to exchange products over some specified period and up to some maximum value. Each country agrees to accept as payment for its exports to the other a credit in a special account maintained in its name in the other's Central Bank. Debits to this clearing account then pay for imports from the other country. The accounts may be denominated in the partners' own currencies or use some other currency as numeraire. In the latter case the account balances are known as "clearing dollars, " "clearing Deutsche Mark, " etc.
What to read after International Barter?
You can find similar books in the "Read Also" column, or choose other free books by Adrian E Tschoegl to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The Soviets then distribute and sell the soft drink throughout the country. PepsiCo agreed to take Stolichnaya vodka in payment for its syrup and the use of its trademark. What converts this trans- action from a pure barter to a compensation agreement is that the amount of syrup which the USSR buys depends on the amount of vodka Pepsi can sell in the US. -'-^ -11- B. Group 2: Clearing Agreements, Switch, and Aller/Retour i) Clearing Agreements A clearing agreements represents monetary trade usi...ng a "book" money. The two countries establishing the arrangement agree to exchange products over some specified period and up to some maximum value. Each country agrees to accept as payment for its exports to the other a credit in a special account maintained in its name in the other's Central Bank. Debits to this clearing account then pay for imports from the other country. The accounts may be denominated in the partners' own currencies or use some other currency as numeraire. In the latter case the account balances are known as "clearing dollars, " "clearing Deutsche Mark, " etc.
What to read after International Barter?
You can find similar books in the "Read Also" column, or choose other free books by Adrian E Tschoegl to read onlineMoreLess
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