| By: |
Chauffour, Jean-Pierre;
Saborowski, Christian;
Soylemezoglu, Ahmet I. |
| Abstract: |
New data on export insurance and guarantees suggest that publicly backed
export credit agencies have played a role to prevent a complete drying up of
trade finance markets during the current financial crisis. Given that export
credit agencies are mainly located in advanced and emerging economies, the
question arises whether developing countries that are not equipped with these
agencies should establish their own agencies to support exporting firms and
avoid trade finance shortages in times of crisis. This paper highlights a
number of issues requiring attention in the decision whether to establish such
specialized financial institutions. It concludes that developing countries
should consider export credit agencies only when certain pre-requirements in
terms of financial capacity, institutional capability, and governance are met. |
| Keywords: |
Debt Markets,Emerging Markets,Access to Finance,Banks&Banking Reform,Financial Intermediation |
| Date: |
2010–01–01 |
| URL: |
http://d.repec.org/n?u=RePEc:wbk:wbrwps:5166&r=mfd |