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

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.

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Bibliographic Details
Main Authors: Chauffour, Jean-Pierre, Malouche, Mariem
Language:English
Published: World Bank, Washington, DC 2011-09-01
Subjects:ADVERSE EFFECTS, AFFORDABLE COST, BANK INTERMEDIATION, BANKING REGULATIONS, BANKING SUPERVISION, BANKING SYSTEM, BANKING SYSTEMS, BANKS, CAPITAL BASE, CAPITAL REQUIREMENTS, CASH DEPOSITS, CASH FLOW, CASH RESERVES, CENTRAL BANKS, CHAMBER OF COMMERCE, COLLATERAL, COLLECTIVE ACTIONS, COMMERCIAL BANKS, COMMODITIES, COMMODITY, COMMODITY EXPORTS, COMMODITY PRICES, COST OF FUNDS, COUNTRY MARKETS, CREDIT AGENCIES, CREDIT AVAILABILITY, CREDIT LINES, CREDITWORTHINESS, CUSTOMER RELATIONS, CUSTOMER RELATIONSHIPS, DEFAULT RISK, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DEVELOPMENT BANKS, DIRECT FINANCING, DOMESTIC ECONOMIES, ECONOMIC INTEGRATION, ECONOMIC POLICY, ELIGIBILITY CRITERIA, EMERGING ECONOMIES, EMERGING MARKETS, ENFORCEMENT SYSTEMS, EXPORT CREDIT, EXPORT CREDIT INSURANCE, EXPORT FINANCE, EXPORT MARKETS, EXPORTER, EXPORTERS, EXPOSURES, FINANCE CONSTRAINTS, FINANCE CORPORATION, FINANCE INITIATIVE, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIARIES, FINANCIAL MARKETS, FINANCIAL MEANS, FINANCIAL RESOURCES, FINANCIAL RISKS, FINANCIAL SECTOR, FINANCIAL SERVICES, FINANCIAL SYSTEM, FINANCIAL SYSTEMS, FOREIGN CURRENCY, FOREIGN EXCHANGE, FOREIGN EXCHANGE RESERVES, FORMS OF CREDIT, GLOBAL ECONOMY, GLOBAL TRADE, GOVERNMENT ACTIONS, GOVERNMENT INTERVENTION, GOVERNMENT INTERVENTIONS, HOME COUNTRY, INCOME, INCOME LEVELS, INSURANCE, INTERNATIONAL BANKING, INTERNATIONAL FINANCE, INTERNATIONAL FINANCIAL INSTITUTIONS, INTERNATIONAL TRADE, INVESTMENT FINANCE, INVESTMENT FUNDS, LACK OF ACCESS, LACK OF FINANCE, LETTERS OF CREDIT, LIQUIDITY, LIQUIDITY CRISIS, LOAN, LOCAL BANKS, LOCAL CURRENCY, LOW-INCOME COUNTRIES, MARKET FAILURE, MARKET SHARE, MARKET SHARES, MATURITY, MIDDLE-INCOME COUNTRIES, MISSING MARKETS, MONETARY FUND, MORAL HAZARD, MULTINATIONAL, NEW ENTRANTS, OUTPUT, PORTFOLIO, PORTFOLIO EXPOSURE, PORTFOLIOS, PRICE VOLATILITY, PRIVATE BANKS, PRUDENTIAL REQUIREMENTS, REAL SECTOR, RECESSION, REGIONAL DEVELOPMENT BANKS, REGIONAL TRADE, REGULATORS, RISK AVERSION, RISK MANAGEMENT, RISK PREMIUMS, SELF-FINANCING, SHARE OF WORLD TRADE, STRUCTURAL PROBLEMS, SUPPLY CHAIN, SUPPLY CHAINS, TRADE CREDIT, TRADE FACILITATION, TRADE FINANCE, TRADE FLOWS, TRADING, TRANSPARENCY, UNDERDEVELOPED FINANCIAL SYSTEMS, UNDERWRITERS, UNION, WORKING CAPITAL, WORLD ECONOMY, WORLD TRADE,
Online Access:http://documents.worldbank.org/curated/en/2011/09/15165991/trade-finance-during-2008-9-trade-collapse-key-takeaways
https://hdl.handle.net/10986/10077
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spelling dig-okr-10986100772024-08-08T15:32:55Z Trade Finance during the 2008–9 Trade Collapse : Key Takeaways Chauffour, Jean-Pierre Malouche, Mariem ADVERSE EFFECTS AFFORDABLE COST BANK INTERMEDIATION BANKING REGULATIONS BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BANKS CAPITAL BASE CAPITAL REQUIREMENTS CASH DEPOSITS CASH FLOW CASH RESERVES CENTRAL BANKS CHAMBER OF COMMERCE COLLATERAL COLLECTIVE ACTIONS COMMERCIAL BANKS COMMODITIES COMMODITY COMMODITY EXPORTS COMMODITY PRICES COST OF FUNDS COUNTRY MARKETS CREDIT AGENCIES CREDIT AVAILABILITY CREDIT LINES CREDITWORTHINESS CUSTOMER RELATIONS CUSTOMER RELATIONSHIPS DEFAULT RISK DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT BANKS DIRECT FINANCING DOMESTIC ECONOMIES ECONOMIC INTEGRATION ECONOMIC POLICY ELIGIBILITY CRITERIA EMERGING ECONOMIES EMERGING MARKETS ENFORCEMENT SYSTEMS EXPORT CREDIT EXPORT CREDIT INSURANCE EXPORT FINANCE EXPORT MARKETS EXPORTER EXPORTERS EXPOSURES FINANCE CONSTRAINTS FINANCE CORPORATION FINANCE INITIATIVE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL MEANS FINANCIAL RESOURCES FINANCIAL RISKS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FORMS OF CREDIT GLOBAL ECONOMY GLOBAL TRADE GOVERNMENT ACTIONS GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS HOME COUNTRY INCOME INCOME LEVELS INSURANCE INTERNATIONAL BANKING INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL TRADE INVESTMENT FINANCE INVESTMENT FUNDS LACK OF ACCESS LACK OF FINANCE LETTERS OF CREDIT LIQUIDITY LIQUIDITY CRISIS LOAN LOCAL BANKS LOCAL CURRENCY LOW-INCOME COUNTRIES MARKET FAILURE MARKET SHARE MARKET SHARES MATURITY MIDDLE-INCOME COUNTRIES MISSING MARKETS MONETARY FUND MORAL HAZARD MULTINATIONAL NEW ENTRANTS OUTPUT PORTFOLIO PORTFOLIO EXPOSURE PORTFOLIOS PRICE VOLATILITY PRIVATE BANKS PRUDENTIAL REQUIREMENTS REAL SECTOR RECESSION REGIONAL DEVELOPMENT BANKS REGIONAL TRADE REGULATORS RISK AVERSION RISK MANAGEMENT RISK PREMIUMS SELF-FINANCING SHARE OF WORLD TRADE STRUCTURAL PROBLEMS SUPPLY CHAIN SUPPLY CHAINS TRADE CREDIT TRADE FACILITATION TRADE FINANCE TRADE FLOWS TRADING TRANSPARENCY UNDERDEVELOPED FINANCIAL SYSTEMS UNDERWRITERS UNION WORKING CAPITAL WORLD ECONOMY WORLD TRADE 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. 2012-08-13T10:21:12Z 2012-08-13T10:21:12Z 2011-09-01 http://documents.worldbank.org/curated/en/2011/09/15165991/trade-finance-during-2008-9-trade-collapse-key-takeaways https://hdl.handle.net/10986/10077 English Economic Premise; No. 66 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC
institution Banco Mundial
collection DSpace
country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-okr
tag biblioteca
region America del Norte
libraryname Biblioteca del Banco Mundial
language English
topic ADVERSE EFFECTS
AFFORDABLE COST
BANK INTERMEDIATION
BANKING REGULATIONS
BANKING SUPERVISION
BANKING SYSTEM
BANKING SYSTEMS
BANKS
CAPITAL BASE
CAPITAL REQUIREMENTS
CASH DEPOSITS
CASH FLOW
CASH RESERVES
CENTRAL BANKS
CHAMBER OF COMMERCE
COLLATERAL
COLLECTIVE ACTIONS
COMMERCIAL BANKS
COMMODITIES
COMMODITY
COMMODITY EXPORTS
COMMODITY PRICES
COST OF FUNDS
COUNTRY MARKETS
CREDIT AGENCIES
CREDIT AVAILABILITY
CREDIT LINES
CREDITWORTHINESS
CUSTOMER RELATIONS
CUSTOMER RELATIONSHIPS
DEFAULT RISK
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DEVELOPMENT BANK
DEVELOPMENT BANKS
DIRECT FINANCING
DOMESTIC ECONOMIES
ECONOMIC INTEGRATION
ECONOMIC POLICY
ELIGIBILITY CRITERIA
EMERGING ECONOMIES
EMERGING MARKETS
ENFORCEMENT SYSTEMS
EXPORT CREDIT
EXPORT CREDIT INSURANCE
EXPORT FINANCE
EXPORT MARKETS
EXPORTER
EXPORTERS
EXPOSURES
FINANCE CONSTRAINTS
FINANCE CORPORATION
FINANCE INITIATIVE
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL MARKETS
FINANCIAL MEANS
FINANCIAL RESOURCES
FINANCIAL RISKS
FINANCIAL SECTOR
FINANCIAL SERVICES
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FORMS OF CREDIT
GLOBAL ECONOMY
GLOBAL TRADE
GOVERNMENT ACTIONS
GOVERNMENT INTERVENTION
GOVERNMENT INTERVENTIONS
HOME COUNTRY
INCOME
INCOME LEVELS
INSURANCE
INTERNATIONAL BANKING
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL TRADE
INVESTMENT FINANCE
INVESTMENT FUNDS
LACK OF ACCESS
LACK OF FINANCE
LETTERS OF CREDIT
LIQUIDITY
LIQUIDITY CRISIS
LOAN
LOCAL BANKS
LOCAL CURRENCY
LOW-INCOME COUNTRIES
MARKET FAILURE
MARKET SHARE
MARKET SHARES
MATURITY
MIDDLE-INCOME COUNTRIES
MISSING MARKETS
MONETARY FUND
MORAL HAZARD
MULTINATIONAL
NEW ENTRANTS
OUTPUT
PORTFOLIO
PORTFOLIO EXPOSURE
PORTFOLIOS
PRICE VOLATILITY
PRIVATE BANKS
PRUDENTIAL REQUIREMENTS
REAL SECTOR
RECESSION
REGIONAL DEVELOPMENT BANKS
REGIONAL TRADE
REGULATORS
RISK AVERSION
RISK MANAGEMENT
RISK PREMIUMS
SELF-FINANCING
SHARE OF WORLD TRADE
STRUCTURAL PROBLEMS
SUPPLY CHAIN
SUPPLY CHAINS
TRADE CREDIT
TRADE FACILITATION
TRADE FINANCE
TRADE FLOWS
TRADING
TRANSPARENCY
UNDERDEVELOPED FINANCIAL SYSTEMS
UNDERWRITERS
UNION
WORKING CAPITAL
WORLD ECONOMY
WORLD TRADE
ADVERSE EFFECTS
AFFORDABLE COST
BANK INTERMEDIATION
BANKING REGULATIONS
BANKING SUPERVISION
BANKING SYSTEM
BANKING SYSTEMS
BANKS
CAPITAL BASE
CAPITAL REQUIREMENTS
CASH DEPOSITS
CASH FLOW
CASH RESERVES
CENTRAL BANKS
CHAMBER OF COMMERCE
COLLATERAL
COLLECTIVE ACTIONS
COMMERCIAL BANKS
COMMODITIES
COMMODITY
COMMODITY EXPORTS
COMMODITY PRICES
COST OF FUNDS
COUNTRY MARKETS
CREDIT AGENCIES
CREDIT AVAILABILITY
CREDIT LINES
CREDITWORTHINESS
CUSTOMER RELATIONS
CUSTOMER RELATIONSHIPS
DEFAULT RISK
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DEVELOPMENT BANK
DEVELOPMENT BANKS
DIRECT FINANCING
DOMESTIC ECONOMIES
ECONOMIC INTEGRATION
ECONOMIC POLICY
ELIGIBILITY CRITERIA
EMERGING ECONOMIES
EMERGING MARKETS
ENFORCEMENT SYSTEMS
EXPORT CREDIT
EXPORT CREDIT INSURANCE
EXPORT FINANCE
EXPORT MARKETS
EXPORTER
EXPORTERS
EXPOSURES
FINANCE CONSTRAINTS
FINANCE CORPORATION
FINANCE INITIATIVE
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL MARKETS
FINANCIAL MEANS
FINANCIAL RESOURCES
FINANCIAL RISKS
FINANCIAL SECTOR
FINANCIAL SERVICES
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FORMS OF CREDIT
GLOBAL ECONOMY
GLOBAL TRADE
GOVERNMENT ACTIONS
GOVERNMENT INTERVENTION
GOVERNMENT INTERVENTIONS
HOME COUNTRY
INCOME
INCOME LEVELS
INSURANCE
INTERNATIONAL BANKING
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL TRADE
INVESTMENT FINANCE
INVESTMENT FUNDS
LACK OF ACCESS
LACK OF FINANCE
LETTERS OF CREDIT
LIQUIDITY
LIQUIDITY CRISIS
LOAN
LOCAL BANKS
LOCAL CURRENCY
LOW-INCOME COUNTRIES
MARKET FAILURE
MARKET SHARE
MARKET SHARES
MATURITY
MIDDLE-INCOME COUNTRIES
MISSING MARKETS
MONETARY FUND
MORAL HAZARD
MULTINATIONAL
NEW ENTRANTS
OUTPUT
PORTFOLIO
PORTFOLIO EXPOSURE
PORTFOLIOS
PRICE VOLATILITY
PRIVATE BANKS
PRUDENTIAL REQUIREMENTS
REAL SECTOR
RECESSION
REGIONAL DEVELOPMENT BANKS
REGIONAL TRADE
REGULATORS
RISK AVERSION
RISK MANAGEMENT
RISK PREMIUMS
SELF-FINANCING
SHARE OF WORLD TRADE
STRUCTURAL PROBLEMS
SUPPLY CHAIN
SUPPLY CHAINS
TRADE CREDIT
TRADE FACILITATION
TRADE FINANCE
TRADE FLOWS
TRADING
TRANSPARENCY
UNDERDEVELOPED FINANCIAL SYSTEMS
UNDERWRITERS
UNION
WORKING CAPITAL
WORLD ECONOMY
WORLD TRADE
spellingShingle ADVERSE EFFECTS
AFFORDABLE COST
BANK INTERMEDIATION
BANKING REGULATIONS
BANKING SUPERVISION
BANKING SYSTEM
BANKING SYSTEMS
BANKS
CAPITAL BASE
CAPITAL REQUIREMENTS
CASH DEPOSITS
CASH FLOW
CASH RESERVES
CENTRAL BANKS
CHAMBER OF COMMERCE
COLLATERAL
COLLECTIVE ACTIONS
COMMERCIAL BANKS
COMMODITIES
COMMODITY
COMMODITY EXPORTS
COMMODITY PRICES
COST OF FUNDS
COUNTRY MARKETS
CREDIT AGENCIES
CREDIT AVAILABILITY
CREDIT LINES
CREDITWORTHINESS
CUSTOMER RELATIONS
CUSTOMER RELATIONSHIPS
DEFAULT RISK
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DEVELOPMENT BANK
DEVELOPMENT BANKS
DIRECT FINANCING
DOMESTIC ECONOMIES
ECONOMIC INTEGRATION
ECONOMIC POLICY
ELIGIBILITY CRITERIA
EMERGING ECONOMIES
EMERGING MARKETS
ENFORCEMENT SYSTEMS
EXPORT CREDIT
EXPORT CREDIT INSURANCE
EXPORT FINANCE
EXPORT MARKETS
EXPORTER
EXPORTERS
EXPOSURES
FINANCE CONSTRAINTS
FINANCE CORPORATION
FINANCE INITIATIVE
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL MARKETS
FINANCIAL MEANS
FINANCIAL RESOURCES
FINANCIAL RISKS
FINANCIAL SECTOR
FINANCIAL SERVICES
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FORMS OF CREDIT
GLOBAL ECONOMY
GLOBAL TRADE
GOVERNMENT ACTIONS
GOVERNMENT INTERVENTION
GOVERNMENT INTERVENTIONS
HOME COUNTRY
INCOME
INCOME LEVELS
INSURANCE
INTERNATIONAL BANKING
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL TRADE
INVESTMENT FINANCE
INVESTMENT FUNDS
LACK OF ACCESS
LACK OF FINANCE
LETTERS OF CREDIT
LIQUIDITY
LIQUIDITY CRISIS
LOAN
LOCAL BANKS
LOCAL CURRENCY
LOW-INCOME COUNTRIES
MARKET FAILURE
MARKET SHARE
MARKET SHARES
MATURITY
MIDDLE-INCOME COUNTRIES
MISSING MARKETS
MONETARY FUND
MORAL HAZARD
MULTINATIONAL
NEW ENTRANTS
OUTPUT
PORTFOLIO
PORTFOLIO EXPOSURE
PORTFOLIOS
PRICE VOLATILITY
PRIVATE BANKS
PRUDENTIAL REQUIREMENTS
REAL SECTOR
RECESSION
REGIONAL DEVELOPMENT BANKS
REGIONAL TRADE
REGULATORS
RISK AVERSION
RISK MANAGEMENT
RISK PREMIUMS
SELF-FINANCING
SHARE OF WORLD TRADE
STRUCTURAL PROBLEMS
SUPPLY CHAIN
SUPPLY CHAINS
TRADE CREDIT
TRADE FACILITATION
TRADE FINANCE
TRADE FLOWS
TRADING
TRANSPARENCY
UNDERDEVELOPED FINANCIAL SYSTEMS
UNDERWRITERS
UNION
WORKING CAPITAL
WORLD ECONOMY
WORLD TRADE
ADVERSE EFFECTS
AFFORDABLE COST
BANK INTERMEDIATION
BANKING REGULATIONS
BANKING SUPERVISION
BANKING SYSTEM
BANKING SYSTEMS
BANKS
CAPITAL BASE
CAPITAL REQUIREMENTS
CASH DEPOSITS
CASH FLOW
CASH RESERVES
CENTRAL BANKS
CHAMBER OF COMMERCE
COLLATERAL
COLLECTIVE ACTIONS
COMMERCIAL BANKS
COMMODITIES
COMMODITY
COMMODITY EXPORTS
COMMODITY PRICES
COST OF FUNDS
COUNTRY MARKETS
CREDIT AGENCIES
CREDIT AVAILABILITY
CREDIT LINES
CREDITWORTHINESS
CUSTOMER RELATIONS
CUSTOMER RELATIONSHIPS
DEFAULT RISK
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DEVELOPMENT BANK
DEVELOPMENT BANKS
DIRECT FINANCING
DOMESTIC ECONOMIES
ECONOMIC INTEGRATION
ECONOMIC POLICY
ELIGIBILITY CRITERIA
EMERGING ECONOMIES
EMERGING MARKETS
ENFORCEMENT SYSTEMS
EXPORT CREDIT
EXPORT CREDIT INSURANCE
EXPORT FINANCE
EXPORT MARKETS
EXPORTER
EXPORTERS
EXPOSURES
FINANCE CONSTRAINTS
FINANCE CORPORATION
FINANCE INITIATIVE
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL MARKETS
FINANCIAL MEANS
FINANCIAL RESOURCES
FINANCIAL RISKS
FINANCIAL SECTOR
FINANCIAL SERVICES
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FORMS OF CREDIT
GLOBAL ECONOMY
GLOBAL TRADE
GOVERNMENT ACTIONS
GOVERNMENT INTERVENTION
GOVERNMENT INTERVENTIONS
HOME COUNTRY
INCOME
INCOME LEVELS
INSURANCE
INTERNATIONAL BANKING
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL TRADE
INVESTMENT FINANCE
INVESTMENT FUNDS
LACK OF ACCESS
LACK OF FINANCE
LETTERS OF CREDIT
LIQUIDITY
LIQUIDITY CRISIS
LOAN
LOCAL BANKS
LOCAL CURRENCY
LOW-INCOME COUNTRIES
MARKET FAILURE
MARKET SHARE
MARKET SHARES
MATURITY
MIDDLE-INCOME COUNTRIES
MISSING MARKETS
MONETARY FUND
MORAL HAZARD
MULTINATIONAL
NEW ENTRANTS
OUTPUT
PORTFOLIO
PORTFOLIO EXPOSURE
PORTFOLIOS
PRICE VOLATILITY
PRIVATE BANKS
PRUDENTIAL REQUIREMENTS
REAL SECTOR
RECESSION
REGIONAL DEVELOPMENT BANKS
REGIONAL TRADE
REGULATORS
RISK AVERSION
RISK MANAGEMENT
RISK PREMIUMS
SELF-FINANCING
SHARE OF WORLD TRADE
STRUCTURAL PROBLEMS
SUPPLY CHAIN
SUPPLY CHAINS
TRADE CREDIT
TRADE FACILITATION
TRADE FINANCE
TRADE FLOWS
TRADING
TRANSPARENCY
UNDERDEVELOPED FINANCIAL SYSTEMS
UNDERWRITERS
UNION
WORKING CAPITAL
WORLD ECONOMY
WORLD TRADE
Chauffour, Jean-Pierre
Malouche, Mariem
Trade Finance during the 2008–9 Trade Collapse : Key Takeaways
description 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.
topic_facet ADVERSE EFFECTS
AFFORDABLE COST
BANK INTERMEDIATION
BANKING REGULATIONS
BANKING SUPERVISION
BANKING SYSTEM
BANKING SYSTEMS
BANKS
CAPITAL BASE
CAPITAL REQUIREMENTS
CASH DEPOSITS
CASH FLOW
CASH RESERVES
CENTRAL BANKS
CHAMBER OF COMMERCE
COLLATERAL
COLLECTIVE ACTIONS
COMMERCIAL BANKS
COMMODITIES
COMMODITY
COMMODITY EXPORTS
COMMODITY PRICES
COST OF FUNDS
COUNTRY MARKETS
CREDIT AGENCIES
CREDIT AVAILABILITY
CREDIT LINES
CREDITWORTHINESS
CUSTOMER RELATIONS
CUSTOMER RELATIONSHIPS
DEFAULT RISK
DEVELOPED COUNTRIES
DEVELOPING COUNTRIES
DEVELOPMENT BANK
DEVELOPMENT BANKS
DIRECT FINANCING
DOMESTIC ECONOMIES
ECONOMIC INTEGRATION
ECONOMIC POLICY
ELIGIBILITY CRITERIA
EMERGING ECONOMIES
EMERGING MARKETS
ENFORCEMENT SYSTEMS
EXPORT CREDIT
EXPORT CREDIT INSURANCE
EXPORT FINANCE
EXPORT MARKETS
EXPORTER
EXPORTERS
EXPOSURES
FINANCE CONSTRAINTS
FINANCE CORPORATION
FINANCE INITIATIVE
FINANCIAL CRISES
FINANCIAL CRISIS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL MARKETS
FINANCIAL MEANS
FINANCIAL RESOURCES
FINANCIAL RISKS
FINANCIAL SECTOR
FINANCIAL SERVICES
FINANCIAL SYSTEM
FINANCIAL SYSTEMS
FOREIGN CURRENCY
FOREIGN EXCHANGE
FOREIGN EXCHANGE RESERVES
FORMS OF CREDIT
GLOBAL ECONOMY
GLOBAL TRADE
GOVERNMENT ACTIONS
GOVERNMENT INTERVENTION
GOVERNMENT INTERVENTIONS
HOME COUNTRY
INCOME
INCOME LEVELS
INSURANCE
INTERNATIONAL BANKING
INTERNATIONAL FINANCE
INTERNATIONAL FINANCIAL INSTITUTIONS
INTERNATIONAL TRADE
INVESTMENT FINANCE
INVESTMENT FUNDS
LACK OF ACCESS
LACK OF FINANCE
LETTERS OF CREDIT
LIQUIDITY
LIQUIDITY CRISIS
LOAN
LOCAL BANKS
LOCAL CURRENCY
LOW-INCOME COUNTRIES
MARKET FAILURE
MARKET SHARE
MARKET SHARES
MATURITY
MIDDLE-INCOME COUNTRIES
MISSING MARKETS
MONETARY FUND
MORAL HAZARD
MULTINATIONAL
NEW ENTRANTS
OUTPUT
PORTFOLIO
PORTFOLIO EXPOSURE
PORTFOLIOS
PRICE VOLATILITY
PRIVATE BANKS
PRUDENTIAL REQUIREMENTS
REAL SECTOR
RECESSION
REGIONAL DEVELOPMENT BANKS
REGIONAL TRADE
REGULATORS
RISK AVERSION
RISK MANAGEMENT
RISK PREMIUMS
SELF-FINANCING
SHARE OF WORLD TRADE
STRUCTURAL PROBLEMS
SUPPLY CHAIN
SUPPLY CHAINS
TRADE CREDIT
TRADE FACILITATION
TRADE FINANCE
TRADE FLOWS
TRADING
TRANSPARENCY
UNDERDEVELOPED FINANCIAL SYSTEMS
UNDERWRITERS
UNION
WORKING CAPITAL
WORLD ECONOMY
WORLD TRADE
author Chauffour, Jean-Pierre
Malouche, Mariem
author_facet Chauffour, Jean-Pierre
Malouche, Mariem
author_sort Chauffour, Jean-Pierre
title Trade Finance during the 2008–9 Trade Collapse : Key Takeaways
title_short Trade Finance during the 2008–9 Trade Collapse : Key Takeaways
title_full Trade Finance during the 2008–9 Trade Collapse : Key Takeaways
title_fullStr Trade Finance during the 2008–9 Trade Collapse : Key Takeaways
title_full_unstemmed Trade Finance during the 2008–9 Trade Collapse : Key Takeaways
title_sort trade finance during the 2008–9 trade collapse : key takeaways
publisher World Bank, Washington, DC
publishDate 2011-09-01
url http://documents.worldbank.org/curated/en/2011/09/15165991/trade-finance-during-2008-9-trade-collapse-key-takeaways
https://hdl.handle.net/10986/10077
work_keys_str_mv AT chauffourjeanpierre tradefinanceduringthe20089tradecollapsekeytakeaways
AT malouchemariem tradefinanceduringthe20089tradecollapsekeytakeaways
_version_ 1809106342490669056