the abolition of capital controls seem to have exerted a greater influence on foreign assets than on FDI of German banks …

International trade exposes exporters and importers to substantial risks. To mitigate these risks, firms can buy … special trade finance products from banks. This paper explores under which conditions and to what extent firms use these …

How relevant are financial instruments to manage risk in international trade for exporting? Employing a unique dataset … of U.S. banks' trade finance claims by country, this paper estimates the effect of shocks to the supply of letters of … more than doubles during crisis times, suggesting a non-negligible role for finance in explaining the Great Trade Collapse …

Banks play a critical role in facilitating international trade by guaranteeing international payments and thereby … reducing the risk of trade transactions. This paper uses banking data from the United States to document new empirical patterns … regarding the use of letters of credit and similar bank guarantees. The analysis shows that the volume of banks’ trade finance …

Banks play a critical role in facilitating international trade by guaranteeing international payments and thereby … reducing the risk of trade transactions. This paper employs banking data from the U.S. to document new empirical patterns … regarding the use of letters of credit and similar bank guarantees. The analysis reveals that trade finance is a large and …

This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The … a U.S. bank's share of the trade finance market in a country is, the larger should be the effect on exports to that … effects on export growth. A shock of one standard deviation to a country's supply of trade finance decreases exports, on …

This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The … a U.S. bank's share of the trade finance market in a country is, the larger should be the effect on exports to that … effects on export growth. A shock of one standard deviation to a country's supply of trade finance decreases exports, on …

Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting … highly concentrated in a few large banks. The two principal trade finance instruments, letters of credit and documentary … implications for the ongoing provision of trade finance …

This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The … a U.S. bank's share of the trade finance market in a country is, the larger should be the effect on exports to that … effects on export growth. A shock of one standard deviation to a country's supply of trade finance decreases exports, on …