Bankers Acceptances

11 Pages Posted: 9 Nov 2012

Date Written: 1993

Abstract

Bankers acceptances typically arise to finance foreign trade transactions of the United States and other countries. The Fed influenced the market initially through its purchases of acceptances and later through regulation. Certain developments in the last decade have diminished the instrument's appeal to banks and borrowers, thus reducing its importance.

Suggested Citation

LaRoche, Robert, Bankers Acceptances (1993). FRB Richmond Economic Quarterly, vol. 79, no. 1, Winter 1993, pp. 75-85, Available at SSRN: https://ssrn.com/abstract=2129297

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