Trade Finance in Crisis : Should Developing Countries Establish Export Credit Agencies?

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 m...

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Bibliographic Details
Main Authors:	Chauffour, Jean-Pierre, Saborowski, Christian, Soylemezoglu, Ahmet I.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS TO EXTERNAL FINANCE ACCESS TO FINANCE AMOUNT OF CREDIT BALANCE OF PAYMENT BALANCE SHEETS BANK POLICY BANKING ASSETS BANKING SYSTEM BANKING SYSTEMS BENEFICIARIES BORROWER BORROWING BROAD MONEY CAPITAL LOANS CAPITAL STOCK CHAMBER OF COMMERCE CODE OF CONDUCT COLLATERAL COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMPETITIVE MARKETS CORPORATE GOVERNANCE CREDIT AGENCIES CREDIT AGENCY CREDIT ARRANGEMENTS CREDIT AVAILABILITY CREDIT CULTURE CREDIT GUARANTEE CREDIT POLICY CREDIT RATINGS CREDIT RISK CREDIT RISKS CREDIT SPREADS CROSS-BORDER TRANSACTIONS DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT FINANCE DEVELOPMENT FINANCE INSTITUTIONS DIRECT CREDIT DOMESTIC CREDIT DOMESTIC ECONOMY DOMESTIC MARKETS ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC DEVELOPMENT EMERGING ECONOMIES EMERGING MARKETS ENVIRONMENTAL EXTERNALITIES EXPENDITURE EXPORT BASE EXPORT COMPETITIVENESS EXPORT CREDIT EXPORT CREDITS EXPORT FINANCING EXPORT MARKETS EXPORT SECTOR EXPORTER EXPORTERS EXPOSURE EXTERNAL FINANCE FINANCE INITIATIVE FINANCE PRODUCTS FINANCIAL CAPACITY FINANCIAL CRISIS FINANCIAL DEPTH FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL OBLIGATION FINANCIAL PRODUCTS FINANCIAL REGULATION FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SYSTEM FINANCIAL SYSTEMS FLOWS OF CAPITAL FOREIGN BUYER FOREIGN COMPANY FOREIGN TRADE GLOBAL TRADE GOOD GOVERNANCE GOVERNANCE PRACTICES GOVERNMENT INTERVENTION GOVERNMENT INVOLVEMENT GROWTH RATES GUARANTEE SCHEME GUARANTOR INCOME INCOME GROUPS INDUSTRIAL COUNTRIES INFORMATION ASYMMETRIES INSTITUTIONAL CAPACITY INSURANCE INSURANCE INDUSTRY INSURER INSURERS INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL COMPETITION INTERNATIONAL ECONOMICS INTERNATIONAL LAW INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT FINANCE ISSUANCE LETTER OF CREDIT LETTERS OF CREDIT LIQUIDITY LIQUIDITY CRISIS LOAN LONG-TERM FINANCE LOW-INCOME COUNTRIES LOW-INCOME ECONOMIES MARKET FAILURE MARKET FAILURES MARKET PARTICIPANTS MARKET REGULATION MATURITIES MATURITY MIDDLE-INCOME COUNTRIES MIDDLE-INCOME ECONOMIES NATIONAL SECURITY OPERATIONAL INDEPENDENCE OUTSOURCING PERFORMANCE BOND PLEDGES POLITICAL ECONOMY POOL OF FUNDS PORTFOLIOS PRINCIPAL-AGENT PROBLEMS PRIVATE BANKS PRIVATE FINANCIAL INSTITUTIONS PRIVATE MARKET PRIVATE PARTIES PRIVATE SECTOR CREDIT PROBABILITY OF DEFAULT PRUDENTIAL REGULATION PUBLIC AGENCIES REAL SECTOR RECESSION REGULATOR REGULATORS RESOURCE ALLOCATION RISK MANAGEMENT RISK MANAGEMENT TOOLS RISK OF DEFAULT RISK PREMIA RULE OF LAW RURAL CREDIT RURAL CREDIT MARKETS SAVINGS SECONDARY MARKET SOCIAL COST SOVEREIGN DEBT SOVEREIGN DEBT PROBLEMS SPECIAL FINANCING STATE GUARANTEES STATE INTERVENTION STRONG GOVERNANCE SUPPLY OF CREDIT SYSTEMIC RISK TERM CREDIT TRADE CREDIT TRADE FINANCE TRADE FINANCING TRADE FLOWS TRADE POLICIES TRADE SECTORS TRADING TRADING SYSTEM TRANSACTION TREATY UNDERWRITER UNION WORKING CAPITAL WORLD ECONOMY WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/2010/01/11604552/trade-finance-crisis-developing-countries-establish-export-credit-agencies http://hdl.handle.net/10986/19946

Internet

http://documents.worldbank.org/curated/en/2010/01/11604552/trade-finance-crisis-developing-countries-establish-export-credit-agencies
http://hdl.handle.net/10986/19946

Trade Finance in Crisis : Should Developing Countries Establish Export Credit Agencies?

Internet

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