Understanding SME Trade Finance in ASEAN: An Overview

Tony Cavoli, David Christian and Rashesh Shrestha
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Tony Cavoli: University of South Australia

No DP-2021-55, Working Papers from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: SMEs are the most important source of employment in all ASEAN countries, but a lack of access to external sources of finance may limit their expansion and growth. In particular, the existence of a trade finance gap can curtail their participation in international trade. Countries in ASEAN and East Asia need to address this issue to include SMEs in their export-oriented growth strategy. This paper provides a framework for understanding the trade finance gap by examining the nature and strength of relationships between different actors in the trade finance ecosystem. We present an overview of the literature that studied the relationship between financial development and trade, the availability and use of various trade finance instruments in international trade, and some stylised facts about trade finance in ASEAN.

Keywords: Trade Finance; International Financial Institutions; trade; financial crisis (search for similar items in EconPapers)
JEL-codes: F19 F34 G21 (search for similar items in EconPapers)
Date: 2022-02-22
New Economics Papers: this item is included in nep-cfn, nep-fdg, nep-int and nep-sea
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