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This paper reviews a number of initiatives taken by public and private institutions aimed at minimizing the impact of the on-going crisis of the financial sector on its ability to supply trade finance to support trade at affordable rates. In doing so, it draws a few policy lessons. One of them...
Persistent link: https://www.econbiz.de/10009702242
. I find that after the shock international banks reduce bank-to-bank lending to Peruvian banks and Peruvian banks reduce … lending to Peruvian firms. The effect is strongest for domestically-owned banks that borrow internationally, intermediate for … several banks. These results suggest that bank-to-bank lending establishes an international transmission channel for liquidity …
Persistent link: https://www.econbiz.de/10013128704
We investigate the nature of sovereign credit risk for selected Asian and European countries based on a set of sovereign CDS data over an eight-year period that includes the episode of the 2008-2009 global financial crisis. The principal component analysis results indicate that there exists...
Persistent link: https://www.econbiz.de/10013081098
This paper examines the role of IMF-supported programs in crisis prevention; specifically, whether, conditional on an episode of intense market pressures, IMF financial support helps prevent a capital account crisis from developing and, if so, through what channels. In doing so, the paper...
Persistent link: https://www.econbiz.de/10012780259
disappeared. One can expect the trade finance market to have its up and downs for some time, because lending for trade is a … function of the general lending situation of commercial banks. The paper discusses longer-term initiatives aimed at improving …
Persistent link: https://www.econbiz.de/10008698779
credit more than other potentially more risky forms of lending. With the collapse of trade in late 2008 and early 2009, the …
Persistent link: https://www.econbiz.de/10008699204
Trade finance shortfalls now appear regularly. Does this matter for trade expansion and economic development in developing countries? Global trade finance has resumed following the 2009 global financial crisis. However, the pattern of recovery has been uneven across countries and categories of...
Persistent link: https://www.econbiz.de/10011631528
Trade finance shortfalls now appear regularly. Does this matter for trade expansion and economic development in developing countries? Global trade finance has resumed following the 2009 global financial crisis. However, the pattern of recovery has been uneven across countries and categories of...
Persistent link: https://www.econbiz.de/10011584075
Trade finance shortfalls now appear regularly. Does this matter for trade expansion and economic development in developing countries? Global trade finance has resumed following the 2009 global financial crisis. However, the pattern of recovery has been uneven across countries and categories of...
Persistent link: https://www.econbiz.de/10011645906
Financial liberalization and integration have generated disappointing results. They were supposed to set up a win-win situation: capital would flow from capital-abundant, low-return, aging industrial countries to capital-scarce, high-return, young emerging countries. Growth in receiving...
Persistent link: https://www.econbiz.de/10014150222