Trade Finance during the Great Trade Collapse

Chauffour, Jean-Pierre; Malouche, Mariem

dc.creator	Chauffour, Jean-Pierre
dc.creator	Malouche, Mariem
dc.date	2012-03-19T09:04:06Z
dc.date	2012-03-19T09:04:06Z
dc.date	2011-06-22
dc.date.accessioned	2023-02-17T20:34:39Z
dc.date.available	2023-02-17T20:34:39Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110714010135
dc.identifier	978-0-8213-8748-1
dc.identifier	http://hdl.handle.net/10986/2324
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/242702
dc.description	The bursting of the subprime mortgage market in the United States in 2008 and the ensuing global financial crisis were associated with a rapid decline in global trade. The extent of the trade collapse was unprecedented: trade flows fell at a faster rate than had been observed even in the early years of the great depression. G-20 leaders held their first crisis-related summit in November 2008. The goal was to understand the root causes of the global crisis and to reach consensus on actions to address its immediate effects. In the case of trade, a key question concerned the extent to which a drying up of trade finance caused the observed decline in trade flows. This book brings together a range of projects and studies undertaken by development institutions, export credit agencies, private bankers, and academics to shed light on the role of trade finance in the 2008-09 great trade collapse. It provides policy makers, analysts, and other interested parties with analyses and assessments of the role of governments and institutions in restoring trade finance markets. A deeper understanding of the complexity of trade finance remains critical as the world economy recovers and the supply of trade finance improves. The international community continues to know too little about the fragility of low income economies in response to trade finance developments and shocks, as well as about the ability and conditions of access to trade finance by small and medium enterprises and small banks in developing countries. Similarly, there is uncertainty regarding the impact on trade finance of recent changes in the third Basel regulatory framework.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo
dc.rights	World Bank
dc.subject	ACCESS TO BANK
dc.subject	ACCOUNTS RECEIVABLE
dc.subject	ACCOUNTS RECEIVABLES
dc.subject	ADVANCED ECONOMIES
dc.subject	AFFORDABLE COST
dc.subject	AFFORDABLE PRICES
dc.subject	ASSET VALUE
dc.subject	BAILOUT
dc.subject	BANK CREDIT
dc.subject	BANK FINANCING
dc.subject	BANK LENDING
dc.subject	BANKING CRISES
dc.subject	BANKING CRISIS
dc.subject	BANKING REGULATIONS
dc.subject	BANKING SECTOR
dc.subject	BANKING SUPERVISION
dc.subject	BANKING SYSTEM
dc.subject	BANKRUPTCY
dc.subject	BANKS
dc.subject	BARTER
dc.subject	BONDS
dc.subject	BORROWER
dc.subject	BORROWER RELATIONS
dc.subject	BORROWING
dc.subject	CAPITAL ADEQUACY
dc.subject	CAPITAL BASE
dc.subject	CAPITAL FINANCE
dc.subject	CAPITAL REQUIREMENTS
dc.subject	CASH PAYMENTS
dc.subject	CASH RESERVES
dc.subject	CENTRAL BANK
dc.subject	CHAMBER OF COMMERCE
dc.subject	COLLECTIVE ACTION
dc.subject	COMMERCIAL BANK
dc.subject	COMMERCIAL BANKS
dc.subject	COMMERCIAL LENDING
dc.subject	COMMERCIAL PAPER
dc.subject	COMMODITY PRICES
dc.subject	CONTINGENT LIABILITIES
dc.subject	CORPORATE FINANCE
dc.subject	CREDIT AGENCIES
dc.subject	CREDIT AGENCY
dc.subject	CREDIT BUYER
dc.subject	CREDIT CRUNCH
dc.subject	CREDIT EXTENSION
dc.subject	CREDIT FLOWS
dc.subject	CREDIT GUARANTEES
dc.subject	CREDIT LIMITS
dc.subject	CREDIT LINE
dc.subject	CREDIT LINES
dc.subject	CREDIT MARKET
dc.subject	CREDIT MARKETS
dc.subject	CREDIT PRODUCTS
dc.subject	CREDIT PROVIDERS
dc.subject	CREDIT PROVISION
dc.subject	CREDIT RISK
dc.subject	CREDIT SQUEEZE
dc.subject	CREDITOR
dc.subject	CREDITORS
dc.subject	CREDITS
dc.subject	CREDITWORTHINESS
dc.subject	CROSS-BORDER BANKING
dc.subject	CUSTOMER DEMAND
dc.subject	CUSTOMER RELATIONS
dc.subject	CUSTOMER RELATIONSHIPS
dc.subject	DEBT
dc.subject	DEBT MARKET
dc.subject	DEFAULTS
dc.subject	DEVELOPING COUNTRIES
dc.subject	DEVELOPING COUNTRY
dc.subject	DEVELOPMENT BANK
dc.subject	DEVELOPMENT BANKS
dc.subject	DEVELOPMENT FINANCE
dc.subject	DEVELOPMENT FINANCE INSTITUTION
dc.subject	DEVELOPMENT FINANCE INSTITUTIONS
dc.subject	DIRECT FINANCING
dc.subject	DISCRIMINATION
dc.subject	DIVERSIFICATION
dc.subject	DURABLES
dc.subject	ECONOMIC ACTIVITY
dc.subject	ECONOMIC CRISIS
dc.subject	ECONOMIC POLICY
dc.subject	EMERGING ECONOMIES
dc.subject	EMERGING MARKETS
dc.subject	EQUITY CAPITAL
dc.subject	EXCHANGE RATE
dc.subject	EXCHANGE RATES
dc.subject	EXPORTER
dc.subject	EXPORTERS
dc.subject	EXTENSION OF CREDIT
dc.subject	EXTENSIONS OF CREDIT
dc.subject	EXTERNAL DEBT
dc.subject	FINANCE CONSTRAINTS
dc.subject	FINANCE INITIATIVE
dc.subject	FINANCIAL BURDEN
dc.subject	FINANCIAL CRISES
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL DEVELOPMENT
dc.subject	FINANCIAL DIFFICULTIES
dc.subject	FINANCIAL DISTRESS
dc.subject	FINANCIAL HEALTH
dc.subject	FINANCIAL INSTITUTION
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL INSTRUMENT
dc.subject	FINANCIAL INTERMEDIARIES
dc.subject	FINANCIAL INTERMEDIARY
dc.subject	FINANCIAL MANAGEMENT
dc.subject	FINANCIAL MARKET
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL MEANS
dc.subject	FINANCIAL RESOURCES
dc.subject	FINANCIAL SERVICE
dc.subject	FINANCIAL SERVICES
dc.subject	FINANCIAL SUPPORT
dc.subject	FINANCIAL SYSTEM
dc.subject	FINANCIAL SYSTEMS
dc.subject	FISCAL CAPACITY
dc.subject	FOREIGN CURRENCY
dc.subject	FOREIGN EXCHANGE
dc.subject	FORMS OF CREDIT
dc.subject	GLOBAL ECONOMIES
dc.subject	GLOBAL TRADE
dc.subject	GOVERNMENT INTERVENTION
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	HOUSING FINANCE
dc.subject	HUMAN RIGHTS
dc.subject	IDS
dc.subject	INCOME LEVELS
dc.subject	INFORMATION ASYMMETRIES
dc.subject	INFORMATION GAP
dc.subject	INFORMATION TECHNOLOGY
dc.subject	INSTITUTIONAL CAPACITY
dc.subject	INSTITUTIONAL SUPPORT
dc.subject	INSURANCE
dc.subject	INSURANCE CORPORATION
dc.subject	INSURANCE MARKET
dc.subject	INSURANCE PREMIUMS
dc.subject	INTEREST RATES
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL BANKING
dc.subject	INTERNATIONAL DEVELOPMENT
dc.subject	INTERNATIONAL ECONOMICS
dc.subject	INTERNATIONAL FINANCE
dc.subject	INTERNATIONAL FINANCIAL INSTITUTION
dc.subject	INTERNATIONAL SETTLEMENTS
dc.subject	INTERNATIONAL STANDARD
dc.subject	INTERNATIONAL TRADE
dc.subject	INVESTMENT BANK
dc.subject	INVESTMENT CAPITAL
dc.subject	INVESTMENT FINANCE
dc.subject	LACK OF ACCESS
dc.subject	LACK OF FINANCE
dc.subject	LENDER
dc.subject	LENDERS
dc.subject	LETTER OF CREDIT
dc.subject	LETTERS OF CREDIT
dc.subject	LEVEL PLAYING FIELD
dc.subject	LINE OF CREDIT
dc.subject	LINES OF CREDIT
dc.subject	LIQUIDATION
dc.subject	LIQUIDITY
dc.subject	LIQUIDITY CRISIS
dc.subject	LIQUIDITY PROBLEM
dc.subject	LOAN
dc.subject	LOC
dc.subject	MARKET CONSTRAINTS
dc.subject	MARKET DISTORTIONS
dc.subject	MARKET FAILURE
dc.subject	MARKET SHARE
dc.subject	MARKET SHARES
dc.subject	MISSING MARKETS
dc.subject	MONETARY FUND
dc.subject	MONETARY POLICIES
dc.subject	MORAL HAZARD
dc.subject	MORTGAGE
dc.subject	MORTGAGE MARKET
dc.subject	MULTINATIONAL
dc.subject	NEW MARKET
dc.subject	NONPAYMENT
dc.subject	POLITICAL RISK
dc.subject	PRICE VOLATILITY
dc.subject	PRIME LENDING RATE
dc.subject	PRINCIPAL-AGENT PROBLEMS
dc.subject	PRIVATE CREDIT
dc.subject	PROBABILITY OF DEFAULT
dc.subject	PROVISION OF FINANCE
dc.subject	RECEIPTS
dc.subject	RECESSION
dc.subject	REGULATORY FRAMEWORK
dc.subject	REPAYMENT
dc.subject	RESERVE
dc.subject	RESERVE BANK
dc.subject	RETURN
dc.subject	RISK MANAGEMENT
dc.subject	RISK MITIGATION
dc.subject	RULE OF LAW
dc.subject	SECONDARY MARKET
dc.subject	SECURITY INTEREST
dc.subject	SHORT-TERM FINANCE
dc.subject	SHORT-TERM FINANCING
dc.subject	SHORT-TERM LENDING
dc.subject	SMALL BANKS
dc.subject	SOURCE OF FUNDS
dc.subject	SOVEREIGN DEBT
dc.subject	SOVEREIGN DEBT PROBLEMS
dc.subject	SUBSTITUTE FOR BANK FINANCE
dc.subject	SUPPLY CHAIN
dc.subject	SUPPLY CHAINS
dc.subject	SUPPLY OF CREDIT
dc.subject	TRADE CREDIT
dc.subject	TRADE FACILITATION
dc.subject	TRADE FINANCE
dc.subject	TRADE FINANCING
dc.subject	TRADING
dc.subject	TRADING SYSTEM
dc.subject	TRANSPARENCY
dc.subject	TRUST FUND
dc.subject	UNION
dc.subject	WORKING CAPITAL
dc.title	Trade Finance during the Great Trade Collapse
dc.type	Publications & Research :: Publication
dc.type	Publications & Research :: Publication