Export Credit Agencies, Trade Finance and South East Asia

Malcolm Stephens

No 1998/175, IMF Working Papers from International Monetary Fund

Abstract: This paper looks at the causes of the reduction in trade finance in South East Asian countries post-1997, with a particular focus on the role of export credit agencies. It concludes that while such agencies did not cause or prolong the problem, they did not contribute significantly to a solution. The paper also suggests some implications from events in South East Asia for both traditional debt-relief mechanisms and for the architecture of the international financial system.

Keywords: WP; exchange rate; foreign currency; capital market; private sector; trade credit; Export credit agencies; trade finance; South East Asian countries; type export; exporters in South East Asia; trade finance equivalent; bank supervisor; trade line; local bank; short-term debt; trade insurer; trade credit facilities; providing working capital; working capital facilities; Export credits; Multilateral development institutions; Exchange rates; Credit; East Asia; South Asia (search for similar items in EconPapers)
Pages: 53
Date: 1998-12-01
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Citations: View citations in EconPapers (11)

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