LEADER 04098oam 22007095 450 001 9910966358503321 005 20240516000635.0 010 $a9780821387498 010 $a0821387499 024 7 $a10.1596/978-0-8213-8748-1 035 $a(CKB)2550000000058031 035 $a(OCoLC)747105351 035 $a(CaPaEBR)ebrary10506407 035 $a(SSID)ssj0000566605 035 $a(PQKBManifestationID)12273553 035 $a(PQKBTitleCode)TC0000566605 035 $a(PQKBWorkID)10551634 035 $a(PQKB)10405133 035 $a(MiAaPQ)EBC3050849 035 $a(Au-PeEL)EBL3050849 035 $a(CaPaEBR)ebr10506407 035 $a(The World Bank)2011012219 035 $a(US-djbf)16715724 035 $a(Perlego)1484284 035 $a(EXLCZ)992550000000058031 100 $a20110331d2011 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aTrade finance during the great trade collapse /$fJean-Pierre Chauffour and Mariem Malouche 205 $a1st ed. 210 1$aWashington, D.C. :$cWorld Bank,$dc2011. 215 $axxi, 402 pages $cillustrations ;$d23 cm 225 1 $aTrade and development series 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9780821387481 311 08$a0821387480 320 $aIncludes bibliographical references and index. 327 $asection 1. Specificity of trade credit and trade finance during crisis -- section 2. Trade finance during the 2008-09 crisis : innocent or guilty? -- section 3. Underpinnings of trade finance intervention during financial crisis -- section 4. Institutional trade finance support during the 2008-09 financial crisis. 330 8 $aThe bursting of the subprime mortgage market in the United States in 2008 and the ensuing global financial crisis were associated with a rapid decline in global trade. The extent of the trade collapse was unprecedented: trade flows fell at a faster rate than had been observed even in the early years of the great depression. G-20 leaders held their first crisis-related summit in November 2008. The goal was to understand the root causes of the global crisis and to reach consensus on actions to address its immediate effects. In the case of trade, a key question concerned the extent to which a drying up of trade finance caused the observed decline in trade flows. This book brings together a range of projects and studies undertaken by development institutions, export credit agencies, private bankers, and academics to shed light on the role of trade finance in the 2008-09 great trade collapse. It provides policy makers, analysts, and other interested parties with analyses and assessments of the role of governments and institutions in restoring trade finance markets. A deeper understanding of the complexity of trade finance remains critical as the world economy recovers and the supply of trade finance improves. The international community continues to know too little about the fragility of low income economies in response to trade finance developments and shocks, as well as about the ability and conditions of access to trade finance by small and medium enterprises and small banks in developing countries. Similarly, there is uncertainty regarding the impact on trade finance of recent changes in the third Basel regulatory framework. 410 0$aWorld Bank e-Library. 606 $aExport credit 606 $aExports$xFinance 606 $aFinancial crises 606 $aInternational trade 615 0$aExport credit. 615 0$aExports$xFinance. 615 0$aFinancial crises. 615 0$aInternational trade. 676 $a332.7/42 700 $aChauffour$b Jean-Pierre$01809600 701 $aChauffour$b Jean-Pierre$01809600 701 $aMalouche$b Mariem$f1973-$01809601 801 0$bDLC 801 1$bDLC 801 2$bDLC 906 $aBOOK 912 $a9910966358503321 996 $aTrade finance during the great trade collapse$94360483 997 $aUNINA