Trade Finance during the Great Trade Collapse

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collection.link.65
https://openknowledge.worldbank.org/handle/10986/2173
collection.name.65
Trade and Development
dc.contributor.author
Chauffour, Jean-Pierre
dc.contributor.author
Malouche, Mariem
dc.date.accessioned
2012-03-19T09:04:06Z
dc.date.available
2012-03-19T09:04:06Z
dc.date.issued
2011-06-22
dc.date.lastModified
2021-04-23T14:02:01Z
dc.description.abstract
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.
en
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.isbn
978-0-8213-8748-1
dc.identifier.uri
http://hdl.handle.net/10986/2324
dc.language
English
dc.publisher
World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
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
en
okr.date.disclosure
2011-07-14
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research :: Publication
okr.docurl
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
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-8748-1
okr.identifier.externaldocumentum
000333037_20110714010135
okr.identifier.internaldocumentum
14572055
okr.identifier.report
63264
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/07/14/000333037_20110714010135/Rendered/PDF/632640PUB0Trad000public00BOX361512B.pdf
en
okr.peerreview
Academic Peer Review
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Finance and Financial Sector Development :: Banks & Banking Reform
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.volume
1 of 1

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