Financial shocks and trade finance: Evidence from Korea

Sangyeon Hwang and Hyejoon Im

Economics Letters, 2013, vol. 120, issue 1, 104-107

Abstract: Using two novel measures of bank-intermediated trade finance in Korea, this paper empirically assesses the effects of financial shocks on the availability of trade finance and finds that these effects are generally negative and last for at least three months, implying significant delays and losses for traders.

Keywords: Trade finance; Financial crisis; Foreign trade loan; Documentary bill (search for similar items in EconPapers)
JEL-codes: F10 F40 G01 G21 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:120:y:2013:i:1:p:104-107

DOI: 10.1016/j.econlet.2013.04.005

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