Are Banks Engines of Export? Financial Structures and Export Dynamics

Minetti, Raoul; Mulabdic, Alen; Ruta, Michele; Zhu, Susan

doi:10.1596/1813-9450-8621

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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Are Banks Engines of Export? Financial Structures and Export Dynamics

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Effects of a Deeper Central European Free Trade Agreement

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