Publication:
Trade Finance in Crisis : Market Adjustment or Market Failure?

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dc.contributor.authorChauffour, Jean-Pierre
dc.contributor.authorFarole, Thomas
dc.date.accessioned2012-03-19T19:11:37Z
dc.date.available2012-03-19T19:11:37Z
dc.date.issued2009-07-01
dc.description.abstractAs world leaders have agreed to massively support trade finance, this paper discusses the singularity of the issues related to trade finance in the context of the global economic crisis. Why should international trade finance be a particular issue of concern in the current circumstances? Are there specific market or government failures associated with trade finance that justify a special and differential treatment of the issue by policymakers? If so, what would then be the most appropriate policy instruments to address those concerns? The paper cautions against the notion of a large trade finance "gap," yet highlights the possible rationales and conditions for an effective intervention in support of trade finance.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_20090720085356
dc.identifier.doi10.1596/1813-9450-5003
dc.identifier.urihttps://hdl.handle.net/10986/4195
dc.languageEnglish
dc.relation.ispartofseriesPolicy Research working paper ; no. WPS 5003
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO BANK
dc.subjectACCESS TO BANKS
dc.subjectACCOUNTS RECEIVABLE
dc.subjectACCOUNTS RECEIVABLES
dc.subjectADB
dc.subjectAMOUNT OF CREDIT
dc.subjectAMOUNT OF LOAN
dc.subjectASSET CLASS
dc.subjectAUCTION
dc.subjectBAILOUTS
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK BAILOUTS
dc.subjectBANK CREDIT
dc.subjectBANK FINANCING
dc.subjectBANK GUARANTEE
dc.subjectBANK LOANS
dc.subjectBANK OF ISRAEL
dc.subjectBANK OF KOREA
dc.subjectBANKING LAWS
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBASIS POINTS
dc.subjectBENEFICIARY
dc.subjectBOND
dc.subjectBONDS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCASH PAYMENTS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCHECKS
dc.subjectCOLLATERAL
dc.subjectCOLLATERALIZATION
dc.subjectCOLLECTIVE ACTION
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY PRICES
dc.subjectCONTINGENT LIABILITY
dc.subjectCOST OF CAPITAL
dc.subjectCOUNTRY RISK
dc.subjectCREDIT AGENCIES
dc.subjectCREDIT AGENCY
dc.subjectCREDIT ASSESSMENT
dc.subjectCREDIT BUYER
dc.subjectCREDIT CHAINS
dc.subjectCREDIT GUARANTEE
dc.subjectCREDIT GUARANTEES
dc.subjectCREDIT LINE
dc.subjectCREDIT LINES
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RISK
dc.subjectCREDIT SOURCE
dc.subjectCREDIT SPREADS
dc.subjectCREDIT SYSTEM
dc.subjectCREDIT TRANSACTIONS
dc.subjectCREDITWORTHINESS
dc.subjectCURRENCY
dc.subjectDEPOSIT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT BANK
dc.subjectDOMESTIC BANKING
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC MARKETS
dc.subjectECONOMIC CRISIS
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKETS
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXTENSION OF CREDIT
dc.subjectFACTORING
dc.subjectFEDERAL RESERVE
dc.subjectFINANCE CONSTRAINTS
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENT
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL SHOCKS
dc.subjectFINANCIAL STUDIES
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEM
dc.subjectFLOOR PRICE
dc.subjectFOREIGN BANK
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEBT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFORMS OF CREDIT
dc.subjectGLOBAL TRADE
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGOVERNMENT PAPER
dc.subjectGUARANTEE FUND
dc.subjectHOLDING
dc.subjectINCOME TAX
dc.subjectINFLATION
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINFORMATION ASYMMETRY
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE CORPORATION
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE POLICY
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL BANKS
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL MARKET
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL TRADE
dc.subjectINTERNATIONAL TRANSACTIONS
dc.subjectINVESTMENT CAPITAL
dc.subjectINVESTMENT FINANCE
dc.subjectINVESTMENT FLOWS
dc.subjectISLAMIC DEVELOPMENT BANK
dc.subjectISSUANCE
dc.subjectJOINT-STOCK COMPANY
dc.subjectLACK OF TRANSPARENCY
dc.subjectLEGAL SYSTEMS
dc.subjectLENDERS
dc.subjectLENDING DECISIONS
dc.subjectLENDING SPREADS
dc.subjectLETTER OF CREDIT
dc.subjectLETTERS OF CREDIT
dc.subjectLEVEL PLAYING FIELD
dc.subjectLEVY
dc.subjectLINE OF CREDIT
dc.subjectLINES OF CREDIT
dc.subjectLIQUIDATION
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CONSTRAINT
dc.subjectLIQUIDITY CONSTRAINTS
dc.subjectLIQUIDITY CRISIS
dc.subjectLIQUIDITY POSITIONS
dc.subjectLOAN
dc.subjectLOAN AGREEMENT
dc.subjectLOAN GUARANTEE
dc.subjectLOAN PORTFOLIOS
dc.subjectLOCAL BANKS
dc.subjectLOSS OF CONFIDENCE
dc.subjectMACROECONOMIC VOLATILITY
dc.subjectMARKET BORROWINGS
dc.subjectMARKET CONFIDENCE
dc.subjectMARKET FAILURE
dc.subjectMARKET FAILURES
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PRACTICES
dc.subjectMARKET PRICES
dc.subjectMARKET RISK
dc.subjectMARKET VALUE
dc.subjectMATURE MARKETS
dc.subjectMISSING MARKETS
dc.subjectMONETARY FUND
dc.subjectMORAL HAZARD
dc.subjectMORAL HAZARDS
dc.subjectMORAL SUASION
dc.subjectMORTGAGE
dc.subjectMULTILATERAL DEVELOPMENT BANKS
dc.subjectNONPAYMENT
dc.subjectOFFSHORE BANKS
dc.subjectOPEN ECONOMIES
dc.subjectPARTIAL GUARANTEE
dc.subjectPARTIAL RISK
dc.subjectPAYMENT BONDS
dc.subjectPERFORMANCE RISK
dc.subjectPOLICY RESPONSES
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL RISK
dc.subjectPORTFOLIO
dc.subjectPRIVATE BONDS
dc.subjectPRIVATE INVESTORS
dc.subjectPROBABILITY OF DEFAULT
dc.subjectPRODUCTIVITY
dc.subjectPROFIT MARGINS
dc.subjectPROVISION OF CREDIT
dc.subjectRECAPITALIZATION
dc.subjectRECESSION
dc.subjectREGIONAL DEVELOPMENT BANKS
dc.subjectREPAYMENT
dc.subjectREPAYMENT HISTORY
dc.subjectREPOS
dc.subjectRESERVE BANK
dc.subjectRESERVE BANK OF INDIA
dc.subjectRESERVES
dc.subjectRETAINED EARNINGS
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK EVALUATION
dc.subjectRISK MANAGEMENT
dc.subjectRISK PREMIUMS
dc.subjectRISK PROFILE
dc.subjectRISK WEIGHTED ASSETS
dc.subjectSECONDARY MARKET
dc.subjectSECURITY INTEREST
dc.subjectSELF-FINANCE
dc.subjectSETTLEMENT
dc.subjectSHORT-TERM FINANCE
dc.subjectSMALL BUSINESSES
dc.subjectSOLVENCY
dc.subjectSOURCE OF CREDIT
dc.subjectSWAPS
dc.subjectSYSTEMIC RISK
dc.subjectT-BILLS
dc.subjectTAX
dc.subjectTRADE CREDIT
dc.subjectTRADE CREDITS
dc.subjectTRADE FINANCE
dc.subjectTRADE FINANCING
dc.subjectTRADE FLOWS
dc.subjectTRADE VOLUME
dc.subjectTRADING
dc.subjectTRADING SYSTEM
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectUNDERLYING ASSETS
dc.subjectVALUE OF ASSETS
dc.subjectWORKING CAPITAL
dc.titleTrade Finance in Crisis : Market Adjustment or Market Failure?en
dspace.entity.typePublication
okr.crossref.titleTrade Finance In Crisis: Market Adjustment Or Market Failure?
okr.date.doiregistration2025-04-10T11:23:18.829729Z
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_20090720085356
okr.guid673931468336294560
okr.identifier.doi10.1596/1813-9450-5003
okr.identifier.externaldocumentum000158349_20090720085356
okr.identifier.internaldocumentum10838647
okr.identifier.reportWPS5003
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2009/07/20/000158349_20090720085356/Rendered/PDF/WPS5003.pdfen
okr.region.administrativeThe World Region
okr.region.administrativeThe World Region
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isAuthorOfPublication5441e55e-edac-5b42-8297-cfb18446576e
relation.isAuthorOfPublication1215cc6b-f7fe-54de-b61d-3e3ba5583793
relation.isAuthorOfPublication.latestForDiscovery1215cc6b-f7fe-54de-b61d-3e3ba5583793
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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