Contracts in Trade and Transition: The Resurgence of Barter
Difficulties in contract enforcement impede international transactions in the world economy and domestic transactions in transition economies. In Contracts in Trade and Transition, Dalia Marin and Monika Schnitzer explain how barter as an economic institution can facilitate contract enforcement across national borders in international trade and within borders in transition countries. The authors show that international countertrade--tying an export to an import--emerged in the 1980s in...
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An institutional approach to explaining countertrade and barter in international trade and domestic trade in transition economies.
List of TablesList of FiguresPreface1Introduction1IBarter Contracts in International Trade2Puzzling Facts and Popular Explanations173Creating Collateral354The Export Pattern: Paying with Goods615The import Pattern: Securing Technology Transfer77App. to Part I93IIContract Enforcement in Transition Economies6Stylized Facts and Competing Explanations1037Arrears and Barter: Extending Trade Credits1278The Output Decline: The Lack of Trust and Liquidity1379Confronting the Data153App. to Part II16710Contracts in Trade and Transition: An Outlook173Notes185References193Index201
