Trade finance in crisis: should developing countries establish export credit agencies ?

Jean-Pierre Chauffour, Christian Saborowski and Ahmet I. Soylemezoglu

No 5166, Policy Research Working Paper Series from The World Bank

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.

Keywords: Debt Markets; Emerging Markets; Access to Finance; Banks&Banking Reform; Financial Intermediation (search for similar items in EconPapers)
Date: 2010-01-01
New Economics Papers: this item is included in nep-dev, nep-int and nep-mfd
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www-wds.worldbank.org/external/default/WDSC ... ered/PDF/WPS5166.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:5166

Access Statistics for this paper

More papers in Policy Research Working Paper Series from The World Bank 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC.
Bibliographic data for series maintained by Roula I. Yazigi ().