The Role of Letters of Credit in Payment Transactions
Uses a dataset of letter of credit transactions to document the high rate of discrepancies in letter of credit transactions and explores explanations for why businesses would use letters of credit and yet not submit drafts that comply.
Ronald Mann. "The Role of Letters of Credit in Payment Transactions" Michigan Law Review 99 (2000): 2494.
Available at: http://works.bepress.com/ronald_mann/22