We study the effectiveness of government aid to exporters by exploring an exogenous shock that affected the ability of the Export-Import Bank of the United States (EXIM) to provide aid to U.S. exporters through loan guarantees to importers. We focus on Boeing, the largest individual recipient of...

Frontmatter -- Acknowledgments -- Contents -- CAPITAL AND CREDIT IN BRITISH OVERSEAS TRADE -- 1. Introduction -- 2. The Problem of Debt Viewed from the Chesapeake -- 3. Capitalization of Merchant Firms -- 4. Borrowing on Bond -- 5. Borrowing from Banks -- 6. Commercial Credit -- 7. The...

We study the role of export credit agencies--the predominant tool of industrial policy--on firm behavior by using the effective shutdown of the Export-Import Bank of the United States (EXIM) from 2015-2019 as a natural experiment. We show that firms that previously relied on EXIM support saw a...