It is popular belief that the volatility of the exchange rate is due
to the balance of payments, which in turn is mainly influenced by the
balance of trade. A closed-loop dynamic economic model is proposed
to describe and analyse the effect of the international trade of a
country on...
New types of exchange arrangements are becoming
increasingly popular for a wide range of goods traded
internationally. Several types of countertrade
arrangements have been identified, ranging from pure
barter to more elaborate schemes where only a portion of
the trade is "paid for" in goods, including bilateral
trading agreements with...