Details zum E-Book

The Role of Export Credit Agencies in Trade Financing

The Role of Export Credit Agencies in Trade Financing

Agnieszka Dorożyńska, Tomasz Dorożyński

E-book

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.

List of abbreviations            7

Preface                   9

 

Chapter I. Theoretical foundations of trade finance    11

    1. Introduction                 11
    2. Trade finance and international trade growth         11
    3. Financing export/import transactions      15
      1. Trade finance products  18
      2. Trade finance optimisation in international trade      23
    4. New solutions in transaction financing: supply chain finance               29
      1. Characteristics and role of supply chain finance in transaction financing 30
      2. Growth of supply chain finance market      36

 

Chapter II. Organisational and functional structure of export credit agencies (ECAs)                41

    1. Introduction                41
    2. Organisational structure of ECAs             42
    3. Programmes offered by export credit agencies    44
    4. Harmonisation of the rules governing the official support to export credits    54

2.4.1. International debate     54

      1. European Union’s role in working out homogenous terms for granting export credits 56
      2. OECD role in harmonising competition conditions for officially supported export credits 61

 

Chapter III. Global assessment of export credit agencies performance        77

    1. Introduction                77
    2. Global development of export credit agencies      77
    3. Export credit agencies goals in the context of adopted organisational and functional solutions  83
    4. Competitiveness of export credit agencies             85

 

Conclusion                97

Bibliography                99

List of tables                105

List of figures               107

Authors’ Biography              109

  • Titel: The Role of Export Credit Agencies in Trade Financing
  • Autor: Agnieszka Dorożyńska, Tomasz Dorożyński
  • ISBN: 978-83-8331-045-9, 9788383310459
  • Veröffentlichungsdatum: 2022-11-24
  • Format: E-book
  • Artikelkennung: e_2zs2
  • Verleger: Wydawnictwo Uniwersytetu Łódzkiego