Advanced Search
MyIDEAS: Login

Trade Finance during the 2008–9 Trade Collapse: Key Takeaways

Contents:

Author Info

  • Chauffour, Jean-Pierre

    ()
    (World Bank)

  • Malouche, Mariem

    ()
    (World Bank)

Registered author(s):

    Abstract

    Trade finance matters for trade, and when financial markets and world trade collapsed three years ago, a shortage in trade finance was hailed as a possible culprit. Because of the potential for global repercussions, world leaders called on the international community to act swiftly to avoid a depression. Governments and international institutions intervened to mitigate the impacts of the crisis. Then the economy bounced back, and trade picked up. But what did we learn from the crisis? In retrospect, what role did trade finance actually play? Did the freeze in the financial markets cause the unprecedented drop in global trade in 2008–9? This note presents evidence on the role of trade finance during 2008–9 and highlights a few takeaways on the data and knowledge gap of trade finance and government interventions during financial crises.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://siteresources.worldbank.org/INTPREMNET/Resources/EP66.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by The World Bank in its journal Economic Premise.

    Volume (Year): (2011)
    Issue (Month): 66 (September)
    Pages: 1-6

    as in new window
    Handle: RePEc:wbk:prmecp:ep66

    Contact details of provider:
    Postal: 1818 H Street, N.W., Washington, DC 20433
    Phone: (202) 477-1234
    Email:
    Web page: http://www.worldbank.org/
    More information through EDIRC

    Related research

    Keywords: trade; trade finance; recession; financial crisis; markets; G20; World Bank; capital flows; liquidity; developing countries;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Jean-Pierre Chauffour & Mariem Malouche, 2011. "Trade Finance during the Great Trade Collapse," World Bank Publications, The World Bank, number 2324, October.
    2. Chauffour, Jean-Pierre & Farole, Thomas, 2009. "Trade finance in crisis : market adjustment or market failure ?," Policy Research Working Paper Series 5003, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:wbk:prmecp:ep66. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael Jelenic).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.