The Role of Export Credit Agencies in Trade Financing
The Role of Export Credit Agencies in Trade Financing

Author(s): Agnieszka Dorożyńska, Tomasz Dorożyński
Subject(s): Economy, Supranational / Global Economy, Business Economy / Management
Published by: Wydawnictwo Uniwersytetu Łódzkiego
Keywords: trade finance; export credits; export credit agencies
Summary/Abstract: 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. Chapter one discusses the methods used in financing export-import transactions against the backdrop of their practical applications. Chapters two and three present the organisational and structural framework, legal basis for the development of export credit agencies, and an assessment of their performance in the area of export support. The distinguishing feature of this publication lies in providing a comprehensive analysis of the development and functioning of export credit agencies in the context of trade finance.

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