Capital controls and international trade finance
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We are grateful to Reena Mithal for research assistance and to Ingrid Werner, Michael Burda and seminar participants at Harvard University and the University of Rochester for comments. Robert Hodrick's numerous suggestions on all revisions of the paper have been extremely valuable, and are gratefully acknowledged. Of course, we retain all responsibility for any remaining errors. This paper is part of a CEPR research program on ‘Financial and Monetary Integration in Europe’ supported by a grant from the Commission of the European Communities under its SPES Programme (no. E89300105/RES).
Copyright © 1992 Published by Elsevier B.V.