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Economic Perspectives, Vol. 7, No. May/June, 1983
Bankers' Acceptances Revisited
The ten-fold increase in world trade over the past twelve years, to more than $1.8 trillion in exports in 1982, has been accompanied by the rapid growth of short-term credit to finance the international movement of goods. The U.S. bankers' acceptance market has played an important part in providing this expansion in credit financing for both U.S. and worldwide trade.
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