The Role of Export Credit Agencies in Trade Financing

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A characteristic feature of the modern global economy is the deepening economic interdependence and increasingly closer business-to-business trade relations. The growth of international trade has been significantly supported by transaction financing mechanisms. Extensive use of traditional as well as innovative trade finance instruments, both long and short-term ones, was one of the reasons why world trade experienced a rather rapid expansion in the first decade of the 21st century. Export credit agencies have played a meaningful role in the financing international transactions. The aim of this monograph is to assess the operations of export credit agencies in the face of changes occurring in the international market.


Rok wydania2022
Liczba stron110
KategoriaPublikacje darmowe
WydawcaWydawnictwo Uniwersytetu Łódzkiego
ISBN-13978-83-8331-045-9
Numer wydania1
Informacja o sprzedawcyePWN sp. z o.o.

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Spis treści

  List of abbreviations     7
  Preface     9
  
  Chapter I. Theoretical foundations of trade finance    11
  1.1. Introduction    11
  1.2. Trade finance and international trade growth    11
  1.3. Financing export/import transactions    15
  1.3.1. Trade finance products    18
  1.3.2. Trade finance optimisation in international trade    23
  1.4. New solutions in transaction financing: supply chain finance    29
  1.4.1. Characteristics and role of supply chain finance in transaction financing    30
  1.4.2. Growth of supply chain finance market    36
  
  Chapter II. Organisational and functional structure of export credit agencies (ECAs)     41
  2.1. Introduction    41
  2.2. Organisational structure of ECAs    42
  2.3. Programmes offered by export credit agencies    44
  2.4. Harmonisation of the rules governing the official support to export credits    54
  2.4.1. International debate    54
  2.4.2. European Union’s role in working out homogenous terms for granting export credits    56
  2.4.3. OECD role in harmonising competition conditions for officially supported export credits    61
  
  Chapter III. Global assessment of export credit agencies performance    77
  3.1. Introduction    77
  3.2. Global development of export credit agencies    77
  3.3. Export credit agencies goals in the context of adopted organisational and functional solutions    83
  3.4. Competitiveness of export credit agencies    85
  
  Conclusion     97
  Bibliography     99
  List of tables     105
  List of figures    107
  Authors’ Biography    109
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