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business cycle. We urge caution in using trade data to estimate the extent of globalization or deglobalization. And we present …
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We investigate the relation between local financial development and trade credit in an integrated financial market. Our results suggest that trade credit complements the formal finance of small- and medium-sized enterprises (SMEs) at the local level. Provincial banking development in Italy...
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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...
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at challenges lying ahead for official statistics, namely, how to deal with digitalization and globalization, and how to …
Persistent link: https://www.econbiz.de/10013175146
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...
Persistent link: https://www.econbiz.de/10013537584