Trade Finance during the 2008–9 Trade Collapse: Key Takeaways
AbstractTrade 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 InfoIf 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.
Bibliographic InfoArticle provided by The World Bank in its journal Economic Premise.
Volume (Year): (2011)
Issue (Month): 66 (September)
trade; trade finance; recession; financial crisis; markets; G20; World Bank; capital flows; liquidity; developing countries;
Find related papers by JEL classification:
- F1 - International Economics - - Trade
- F2 - International Economics - - International Factor Movements and International Business
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral 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 references are entirely missing, you can add them using this form.