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Les incitations financières au crédit commercial international

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  • Bernard Grand

Abstract

[eng] International trade credit and financial theory . . The paper discusses financial incentives of international trade credit. In the first section we examine theoretical motivations under certainty. Governmental assistances, corporate taxes, exchange rate System and parity conditions are successively analysed. In the second section, we develop a model under uncertainty. It is based upon hypothesis of deviation from Purchasing Power Parity. In conclusion, it demonstrates that, for a firm, the use of leads and lags is a mean to reduce domestic inflation risk.. [fre] Les incitations financières au crédit commercial international. . Cet article se propose d'analyser les principales motivations financières à l'accord de crédit commercial international. La première section développe les théories justifiant l'existence de tels crédits dans un univers de certitude. Les circuits privilégiés de financement, la fiscalité et les problèmes de parités monétaires y sont abordés. La seconde section traite de l'accord de cette forme de crédit dans le cadre d'un univers aléatoire. Le modèle proposé met en évidence l'intérêt de l'accord de crédit lorsque l'hypothèse de parité des pouvoirs d'achat est relâchée. Cet intérêt est notamment relié à une limitation des effets d'inflation interne.

Suggested Citation

  • Bernard Grand, 1991. "Les incitations financières au crédit commercial international," Revue Économique, Programme National Persée, vol. 42(5), pages 851-866.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1991_num_42_5_409313
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    References listed on IDEAS

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    6. Dwight M. Jaffee & Thomas Russell, 1976. "Imperfect Information, Uncertainty, and Credit Rationing," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(4), pages 651-666.
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