and trade finance, particularly those receiving trade loans. Results show that a percent increase in trade finance loan is … associated with 0.067-0.083 percent increase in export earnings depending on the model. When we proxy trade finance by the sum of … trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the …

The unbundling of trade across regions offers unique opportunities for SMEs to integrate into global trade notably … factoring has a positive effect in allowing SMEs to access international trade, in countries in which it is available. Factoring …

Developments in trade finance in 2020 were largely driven by the impact of the COVID-19 pandemic. Twelve years after … the great financial crisis of 2008-09, the issue of trade finance re-emerged as a matter of urgency. While the current … difficulties in accessing trade credit. This is occurring notably in countries - particularly developing countries - in which …

This paper surveys a wide body of economic literature on the relationship between currencies and trade. Specifically …, two main issues are investigated: the impact on international trade of exchange rate volatility and of currency … misalignments. On average, exchange rate volatility has a negative (even if not large) impact on trade flows. The extent of this …

In this paper we integrate the costs of trade finance in a computable general equilibrium (CGE) model to evaluate the … trade and output effects of counterfactual policy experiments on costs of and access to trade finance. The costs of … financing international trade consist of two components: the financial costs and the costs associated with the risk of goods not …

development banks, export credit agencies, to mobilize greater flows of trade finance for developing countries, with a view to … help them integrate in world trade. As an institution geared towards the balanced expansion of world trade, the WTO is in … the business of making trade possible. Its various functions include reducing trade barriers, negotiating and implementing …

While conditions in trade finance markets returned to normality in the main routes of trade, the structural … difficulties of poor countries in accessing trade finance have not disappeared - and might have been worsened during and after the … global financial crisis. In fact, there is a consistent flow of information indicating that trade finance markets have …

the on-going crisis of the financial sector on its ability to supply trade finance to support trade at affordable rates … now regularly hit by the contagion of financial crises, with potentially very harmful spill-overs on global trade through … the structural gaps in the availability of trade finance in low-income countries - ad hoc programs have been designed to …

Trade finance, particularly in the form of short-term, self-liquidating letters of credit and the like, has received … leverage ratio to these instruments, notably for developing countries' trade. This paper offers a relatively simple model …

Trade finance has received special attention during the financial crisis as one of the potential culprits for the great … trade collapse. Several researchers have used micro level data to establish the link between trade finance and trade …, especially so during the financial crisis, and have found diverting results. This paper analyses the effect of trade credit on …