Working Paper

Are Banks Engines of Export? Financial Structures and Export Dynamics

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Minetti, Raoul
dc.contributor.author
Mulabdic, Alen
dc.contributor.author
Ruta, Michele
dc.contributor.author
Zhu, Susan
dc.date.accessioned
2018-11-01T17:03:23Z
dc.date.available
2018-11-01T17:03:23Z
dc.date.issued
2018-10
dc.date.lastModified
2021-06-08T14:42:48Z
dc.description.abstract
This paper studies the impact of financial structures on the dynamics of the export sector using rich data from over 60 countries. The results reveal that bank-oriented financial systems boost the size of the export sector more than market-oriented financial systems. However, especially in middle- and low-income countries, this effect mostly stems from banks slowing down exporters' exit rather than promoting firms' entry into export. The reduced exit from the export sector appears to reflect domestic banks' tendency to evergreen loans to exporters ("soft budget constraint") more than banks' buffering role in difficult times. Foreign banks mitigate this effect and enhance the dynamism of the export sector.
en
dc.identifier
http://documents.worldbank.org/curated/en/891251540473620564/Are-Banks-Engines-of-Export-Financial-Structures-and-Export-Dynamics
dc.identifier.uri
http://hdl.handle.net/10986/30641
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 8621
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
EXPORT COMPETITIVENESS
dc.subject
BANKING SERVICES
dc.subject
EXPORT FINANCE
dc.subject
FINANCIAL STRUCTURES
dc.subject
EXPORT DYNAMICS
dc.subject
FOREIGN BANKS
dc.subject
TRADE FACILITATION
dc.subject
TRADE FINANCE
dc.title
Are Banks Engines of Export? Financial Structures and Export Dynamics
en
dc.type
Working Paper
en
okr.crossref.title
Are Banks Engines of Export? Financial Structures And Export Dynamics
okr.date.disclosure
2018-10-25
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/891251540473620564/Are-Banks-Engines-of-Export-Financial-Structures-and-Export-Dynamics
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-8621
okr.identifier.externaldocumentum
090224b0864ff1b3_1_0
okr.identifier.internaldocumentum
30547803
okr.identifier.report
WPS8621
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/891251540473620564/pdf/WPS8621.pdf
en
okr.statistics.dr
891251540473620564
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Banks & Banking Reform
okr.topic
Finance and Financial Sector Development :: Capital Markets and Capital Flows
okr.topic
Finance and Financial Sector Development :: Financial Regulation & Supervision
okr.topic
International Economics and Trade :: Export Competitiveness
okr.topic
International Economics and Trade :: Trade Facilitation
okr.topic
International Economics and Trade :: Trade Finance and Investment
okr.unit
Macroeconomics, Trade and Investment Global Practice

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