Publication: Trade Finance in Crisis : Should Developing Countries Establish Export Credit Agencies?
Date
2010-01
ISSN
Published
2010-01
Author(s)
Abstract
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 mainly located
in advanced and emerging economies, the question arises
whether developing countries that are not equipped with
these agencies should establish their own agencies to
support exporting firms and avoid trade finance shortages in
times of crisis. This paper highlights a number of issues
requiring attention in the decision whether to establish
such specialized financial institutions. It concludes that
developing countries should consider export credit agencies
only when certain pre-requirements in terms of financial
capacity, institutional capability, and governance are met.
Citation
“Chauffour, Jean-Pierre; Saborowski, Christian; Soylemezoglu, Ahmet I.. 2010. Trade Finance in Crisis : Should Developing Countries Establish Export Credit Agencies?. Policy Research Working Paper;No. 5166. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/19946 License: CC BY 3.0 IGO.”
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