Export Investment Units Financing
Financování vývozu investičních celků
Jaroslava Durčáková and
Josef Valach
Český finanční a účetní časopis, 2009, vol. 2009, issue 3, 6-23
Abstract:
Typical requirements for investment units export financing are high capital, specialized financing and export banks that are associated with insurance agencies. Investment units export financing is often accompanied with various long term investment risks and payment risks. Foreign exchange exposure and risk are relatively low in comparison with the other risks. Common alternatives of export investment units export financing are supplier and customer long term credits, project financing, export financial leasing, and pre-export financing. The majority of countries have national systems of export promotion by means of special export banks and securing societies. State export promotion of investment units must not disturb the international competitive environment. Economic recession in the Czech Republic requires improvement of entire export financial system. This system should be expanded outside European Union, and also offered to project developers. More funding should be allocated in order to sufficiently cover pre-exporting financing, financing of foreign market prospects, and export of services.
Keywords: Export of investment units; Export supplier and customer credits; Export project financing; Export financial leasing; Pre-export financing; Export promotion; Foreign exchange exposure; Foreign exchange risk; Hedging; Vývoz investičních celků; Exportní dodavatelský a odběratelský úvěr; Projektové financování exportu; Předexportní financování; Podpora exportu; Kurzové riziko; Transakční a ekonomická devizová expozice; Zajištění kurzového rizika (search for similar items in EconPapers)
JEL-codes: G31 G34 (search for similar items in EconPapers)
Date: 2009
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DOI: 10.18267/j.cfuc.33
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