Why does finance matter for trade? Evidence from new data

Marc Auboin, Martina Engemann 03 December 2012

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Academic interest in the role of trade finance has grown in the context of the financial crisis of 2008-09 and the subsequent economic downturn, just as policymakers’ interest was once caught by the Asian financial crisis (IMF 2003).

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Topics:  International trade

Tags:  trade, international trade, financial crisis, Trade finance, Great Recession, trade credit, trade insurance

Export credit agencies to the rescue of trade finance

Jean-Pierre Chauffour, Christian Saborowski 23 January 2010

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New data on export insurance and guarantees suggest that export credit agencies (ECAs) have played an important role in preventing a complete drying up of trade finance markets during the current financial crisis. These efforts have complemented the support provided by international financial institutions and regional development banks and indicate that the call by the G20 leaders and the international community to ensure the availability of trade finance during the crisis has been largely followed through (Auboin 2009a,b).

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Topics:  Global crisis International trade

Tags:  Trade finance, trade collapse, trade insurance

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