Publication:
Inter-Firm Trade Finance in Times of Crisis

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dc.contributor.authorC. Menichini, Anna Maria
dc.date.accessioned2012-03-19T19:13:35Z
dc.date.available2012-03-19T19:13:35Z
dc.date.issued2009-11-01
dc.description.abstractThe paper discusses the main features that distinguish inter-firm international trade finance from alternative sources of financing. On the one hand, inter-firm trade finance could help overcome informational problems associated with other lending relationships; on the other, it may contribute to propagate shocks due to the interconnection among firms along credit chains. The paper evaluates the potential effects of a financial crisis on the use of trade credit for firms operating in developing countries. It argues that while the advantages of trade credit might remain largely unexploited due to poor legal institutions, the disadvantages might be exacerbated because of these firms greater exposure to a default chain. Based on these arguments, a menu of choices is identified for what policymakers can do to boost firms access to inter-firm trade finance in times of crisis.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091104151418
dc.identifier.doi10.1596/1813-9450-5112
dc.identifier.urihttps://hdl.handle.net/10986/4302
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5112
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO FINANCING
dc.subjectACCOUNTS PAYABLE
dc.subjectACCOUNTS RECEIVABLE
dc.subjectACCOUNTS RECEIVABLES
dc.subjectADMINISTRATIVE BARRIERS
dc.subjectALTERNATIVE SOURCES OF FINANCING
dc.subjectASYMMETRIC INFORMATION
dc.subjectBACKED FINANCING
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBALANCE-SHEET
dc.subjectBANK CREDIT
dc.subjectBANK DEBT
dc.subjectBANK POLICY
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPT
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY CODE
dc.subjectBANKRUPTCY CODES
dc.subjectBANKRUPTCY LAW
dc.subjectBANKRUPTCY PROCEDURES
dc.subjectBANKRUPTCY PROCESS
dc.subjectBANKRUPTCY REGIME
dc.subjectBANKRUPTCY REGIMES
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBORROWING CAPACITY
dc.subjectBUSINESS CREDIT
dc.subjectBUSINESS CYCLE
dc.subjectBUSINESS LAW
dc.subjectBUSINESS LAWS
dc.subjectCASE OF DEFAULT
dc.subjectCASH PAYMENTS
dc.subjectCIVIL LAW
dc.subjectCLAIM
dc.subjectCOLLATERAL
dc.subjectCOLLECT PAYMENT
dc.subjectCOMMERCIAL LENDING
dc.subjectCOMMERCIAL PAPER
dc.subjectCOMMON LAW
dc.subjectCOMMON LAW COUNTRIES
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER CREDIT
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCONTRACT LAW
dc.subjectCONTRACTUAL RIGHTS
dc.subjectCORPORATE FINANCE
dc.subjectCOST OF CREDIT
dc.subjectCOURT HEARING
dc.subjectCREDIT AGENCIES
dc.subjectCREDIT CHAIN
dc.subjectCREDIT CHAINS
dc.subjectCREDIT CONTRACTS
dc.subjectCREDIT CRUNCH
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULTS
dc.subjectCREDIT EXTENSION
dc.subjectCREDIT EXTENSIONS
dc.subjectCREDIT GUARANTEES
dc.subjectCREDIT HISTORY
dc.subjectCREDIT INCREASES
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT LIMITS
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RATINGS
dc.subjectCREDIT RATIONING
dc.subjectCREDIT REGISTRIES
dc.subjectCREDIT RELATIONSHIP
dc.subjectCREDIT RELATIONSHIPS
dc.subjectCREDIT RISK
dc.subjectCREDIT TERMS
dc.subjectCREDITOR
dc.subjectCREDITORS
dc.subjectCREDITWORTHINESS
dc.subjectCROSS-BORDER TRANSACTIONS
dc.subjectCURRENCY
dc.subjectCUSTOMER RELATIONSHIP
dc.subjectDEBT
dc.subjectDEBT COLLECTORS
dc.subjectDEBT REPAYMENT
dc.subjectDEBT REPAYMENTS
dc.subjectDEBTOR
dc.subjectDEBTORS
dc.subjectDEBTS
dc.subjectDEFAULTS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDIFFERENT LEGAL SYSTEMS
dc.subjectDISPUTE RESOLUTION
dc.subjectDIVERSIFICATION
dc.subjectECONOMIC CRISIS
dc.subjectEFFICIENT JUDICIAL SYSTEM
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKETS
dc.subjectENFORCEABILITY
dc.subjectENFORCEABILITY OF CONTRACTS
dc.subjectENFORCEABLE CONTRACT
dc.subjectENFORCEMENT OF CONTRACTS
dc.subjectENTREPRENEURS
dc.subjectEQUIPMENT
dc.subjectEQUITY CONVERSION
dc.subjectESTATE
dc.subjectEVENT OF DEFAULT
dc.subjectEXCHANGE RATE
dc.subjectEXISTING CREDIT
dc.subjectEXPLOITATION
dc.subjectEXPORT FINANCING
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXPROPRIATION
dc.subjectEXTENSIONS OF CREDIT
dc.subjectFILING FOR BANKRUPTCY
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CONSTRAINTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DIFFICULTIES
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL STUDIES
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCIER
dc.subjectFINANCIERS
dc.subjectFINANCING NEEDS
dc.subjectFIRM FINANCING
dc.subjectFLOW OF FUNDS
dc.subjectFORMS OF CREDIT
dc.subjectGLOBAL BUSINESS
dc.subjectGLOBAL ECONOMY
dc.subjectGOING CONCERN
dc.subjectGOING CONCERN VALUE
dc.subjectGOOD CREDIT
dc.subjectGOVERNMENT GUARANTEES
dc.subjectGUARANTOR
dc.subjectINADEQUATE LAWS
dc.subjectINEFFICIENT LIQUIDATION
dc.subjectINFORMAL CREDIT
dc.subjectINFORMATION SHARING
dc.subjectINSOLVENCY
dc.subjectINSOLVENCY PROCEEDINGS
dc.subjectINSOLVENT
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRANSACTIONS
dc.subjectINVENTORIES
dc.subjectINVENTORY
dc.subjectINVESTOR PROTECTION
dc.subjectJUDICIAL EFFICIENCY
dc.subjectJUDICIAL SYSTEM
dc.subjectJUDICIAL SYSTEMS
dc.subjectLEGAL ENVIRONMENTS
dc.subjectLEGAL ORIGIN
dc.subjectLEGAL ORIGINS
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL SYSTEM
dc.subjectLEGAL SYSTEMS
dc.subjectLENDER
dc.subjectLETTER OF CREDIT
dc.subjectLETTERS OF CREDIT
dc.subjectLIENS
dc.subjectLIQUIDATION
dc.subjectLIQUIDATION VALUE
dc.subjectLIQUIDATIONS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY PROBLEMS
dc.subjectLOAN
dc.subjectMARKET FAILURE
dc.subjectMARKET FAILURES
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET STRUCTURE
dc.subjectMATURITY
dc.subjectMATURITY PERIOD
dc.subjectMONETARY FUND
dc.subjectMONEY LENDING
dc.subjectMORAL HAZARD
dc.subjectNEGATIVE SHOCKS
dc.subjectNEGOTIATION
dc.subjectNONPAYMENT
dc.subjectOLD CREDITORS
dc.subjectORDER OF PRIORITY
dc.subjectPAYMENT TERMS
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL RISKS
dc.subjectPRIVATE BANKS
dc.subjectPUBLIC CREDIT
dc.subjectRECESSION
dc.subjectREORGANIZATION
dc.subjectREORGANIZATION PLAN
dc.subjectREPAYMENT
dc.subjectREPAYMENT HISTORY
dc.subjectRISK OF INSOLVENCY
dc.subjectSECONDARY MARKET
dc.subjectSHORT-TERM FINANCING
dc.subjectSHORT-TERM LENDING
dc.subjectSHORT-TERM TRADE FINANCE
dc.subjectSINGLE CREDITOR
dc.subjectSUPPLY CHAIN
dc.subjectSUPPLY CHAINS
dc.subjectSUPPLY OF CREDIT
dc.subjectSYSTEMIC CRISIS
dc.subjectTERRORISM
dc.subjectTRADE CREDIT
dc.subjectTRADE CREDITORS
dc.subjectTRADE FINANCE
dc.subjectTRADE FINANCING
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSITION COUNTRIES
dc.subjectUNIONS
dc.subjectWORKING CAPITAL
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleInter-Firm Trade Finance in Times of Crisisen
dspace.entity.typePublication
okr.crossref.titleInter-Firm Trade Finance In Times Of Crisis
okr.date.doiregistration2025-04-10T12:01:37.827523Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20091104151418
okr.guid649481468314087810
okr.identifier.doi10.1596/1813-9450-5112
okr.identifier.externaldocumentum000158349_20091104151418
okr.identifier.internaldocumentum11308698
okr.identifier.reportWPS5112
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/11/04/000158349_20091104151418/Rendered/PDF/WPS5112.pdfen
okr.region.administrativeWorld
okr.region.administrativeWorld
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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