TY - BOOK ID - 84543021 TI - Trade and Trade Finance in the 2008-09 Financial Crisis AU - Dorsey, Thomas. AU - Saito, Mika. AU - Khachatryan, Armine. AU - Asmundson, Irena. AU - Niculcea, Ioana. PY - 2011 SN - 1462369855 1455232688 1283555190 9786613867643 145521258X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Exports KW - Financial crises KW - Export financing KW - Finance. KW - Banks and Banking KW - Exports and Imports KW - Finance: General KW - Macroeconomic Aspects of International Trade and Finance: General KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Trade Policy KW - International Trade Organizations KW - Trade: General KW - Retail and Wholesale Trade KW - e-Commerce KW - General Financial Markets: Government Policy and Regulation KW - International economics KW - Banking KW - Financial services law & regulation KW - Trade finance KW - Export credits KW - Trade in goods KW - International trade KW - Basel II KW - Financial regulation and supervision KW - International finance KW - Banks and banking KW - Export credit KW - Balance of trade KW - State supervision KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84543021 AB - Global merchandise trade sharply declined in late 2008 and early 2009, and some press and financial market reports assigned a large role for the decline to trade finance. However, the available evidence suggests that shocks to trade finance were not the major factor in the decline in trade. Surveys of commercial banks by the IMF and others found that while bank-intermediated trade finance fell in value during the crisis, it fell by less than merchandise trade. As a result, the share of world trade supported by bank-intermediated trade finance increased despite higher pricing margins. Other explanations appear to account for the bulk of the reduction in international trade. ER -