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 …

Since the recovery from the great financial crisis in 2010, global real trade flows grew much slower than pre …) A debate has arisen as to whether this global trade slowdown, and related falling trade-to-income elasticity, was … the prominent role of aggregate demand, notably when weighted by its trade component. Our paper goes in this latter …

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 reemerged as a matter of urgency. While the current … difficulties in accessing trade credit. This is occurring notably in countries – particularly developing countries – in which …