Frontmatter -- Acknowledgments -- Contents -- CAPITAL AND CREDIT IN BRITISH OVERSEAS TRADE -- 1. Introduction -- 2. The Problem of Debt Viewed from the Chesapeake -- 3. Capitalization of Merchant Firms -- 4. Borrowing on Bond -- 5. Borrowing from Banks -- 6. Commercial Credit -- 7. The...

We study the role of export credit agencies--the predominant tool of industrial policy--on firm behavior by using the effective shutdown of the Export-Import Bank of the United States (EXIM) from 2015-2019 as a natural experiment. We show that firms that previously relied on EXIM support saw a...

Export credit agencies are specialized financial institutions that cover 1 trillion of exports each year. Their contribution to their nations' growth is significant. This book reveals and explains their history, role, functions and the controversies surrounding them