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The Political Economy of Trade Finance: Export Credit Agencies, the Paris Club and the IMF - Routledge Frontiers of Political Economy Blackmon, Pamela (Pennsylvania State University, Altoona, USA) 1st edition
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The Political Economy of Trade Finance: Export Credit Agencies, the Paris Club and the IMF - Routledge Frontiers of Political Economy
Blackmon, Pamela (Pennsylvania State University, Altoona, USA)
Export Credit Agencies provide insurance and guarantees to domestic firms in the event that payment is not received from an importer. Thus, ECAs reduce uncertainties domestic firms face in exporting their goods. Most countries have ECAs that operate as official or quasi-official branches of their governments and they therefore represent an important part of government strategies to facilitate trade, promote domestic industry and distribute foreign aid.
The Political Economy of Trade Finance provides a detailed analysis as to how firms use the medium and longer-term financing provided by ECAs to export goods to developing countries. It also explains how ECA arrears have contributed to the debt of developing countries and illustrates how the commercial interests of ECA activity are evident in decisions about IMF arrangements and related to Paris Club debt rescheduling agreements. Finally, the book documents how the medium and longer-term export credit insurance support provided by the G-7 ECAs was a central component in mitigating steep declines in international trade during the 2008 Global Financial Crisis. This book is of great interest to both academics and students in the field of political economy, finance and politics of international trade. It is also of importance to policy makers.
136 pages, 10 black & white illustrations, 10 black & white tables, 10 black & white line drawings
| Media | Books Hardcover Book (Book with hard spine and cover) |
| Released | January 19, 2017 |
| ISBN13 | 9781138780569 |
| Publishers | Taylor & Francis Ltd |
| Pages | 140 |
| Dimensions | 150 × 220 × 20 mm · 294 g |
| Language | English |
