Export credit instruments are important tools for enterprises used by developing and developed countries to face risks of default of transactions and to offer purchasers extended payment of their goods. Although they contribute to foster international trade, their misuse is likely to distort...

New data on export insurance and guarantees suggest that publicly backed export credit agencies have played a role to prevent a complete drying up of trade finance markets during the current financial crisis. Given that export credit agencies are mainly located in advanced and emerging...