Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help?
In an increasingly globalized world, economic growth depends much on openness of economies and trade among nations. The current economic and financial crisis has severely affected trade flows in the world that dropped sharply in the second half of 2008 and 2009. During the crisis, export credit agen...
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| Format: | Article |
| Language: | English |
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Editura ASE
2012-03-01
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| Series: | Revista de Management Comparat International |
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| Online Access: | https://www.rmci.ase.ro/no13vol1/18.pdf |
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| _version_ | 1850168246146170880 |
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| author | Trung Quang DINH Hilmar Þór HILMARSSON |
| author_facet | Trung Quang DINH Hilmar Þór HILMARSSON |
| author_sort | Trung Quang DINH |
| collection | DOAJ |
| description | In an increasingly globalized world, economic growth depends much on openness of economies and trade among nations. The current economic and financial crisis has severely affected trade flows in the world that dropped sharply in the second half of 2008 and 2009. During the crisis, export credit agencies (ECAs) have played an increasing role in maintaining and stimulating cross border trade to emerging market economies. The article discusses the role and risk mitigation instruments of ECAs. It also provides examples of cross border trade and illustrates how the instruments of ECAs have been applied in real world situations to mitigate against commercial and non-commercial/political risks in emerging market economies. |
| format | Article |
| id | doaj-art-d49e34ca397642f3abcddeef1c1aa5f6 |
| institution | OA Journals |
| issn | 1582-3458 2601-0968 |
| language | English |
| publishDate | 2012-03-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Revista de Management Comparat International |
| spelling | doaj-art-d49e34ca397642f3abcddeef1c1aa5f62025-08-20T02:21:01ZengEditura ASERevista de Management Comparat International1582-34582601-09682012-03-01131167180Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help?Trung Quang DINH0Hilmar Þór HILMARSSON1 University of Akureyri, School of Business and Science, Iceland University of Akureyri, School of Business and Science, IcelandIn an increasingly globalized world, economic growth depends much on openness of economies and trade among nations. The current economic and financial crisis has severely affected trade flows in the world that dropped sharply in the second half of 2008 and 2009. During the crisis, export credit agencies (ECAs) have played an increasing role in maintaining and stimulating cross border trade to emerging market economies. The article discusses the role and risk mitigation instruments of ECAs. It also provides examples of cross border trade and illustrates how the instruments of ECAs have been applied in real world situations to mitigate against commercial and non-commercial/political risks in emerging market economies. https://www.rmci.ase.ro/no13vol1/18.pdfcross border trade and investmentemerging marketsfinancial crisisexport credit agencies (ecas)commercial and non-commercial risksand risk mitigation instruments |
| spellingShingle | Trung Quang DINH Hilmar Þór HILMARSSON Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help? Revista de Management Comparat International cross border trade and investment emerging markets financial crisis export credit agencies (ecas) commercial and non-commercial risks and risk mitigation instruments |
| title | Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help? |
| title_full | Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help? |
| title_fullStr | Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help? |
| title_full_unstemmed | Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help? |
| title_short | Private Sector Export to Emerging Market Economies During Times of Crisis: How Can Export Credit Agencies Help? |
| title_sort | private sector export to emerging market economies during times of crisis how can export credit agencies help |
| topic | cross border trade and investment emerging markets financial crisis export credit agencies (ecas) commercial and non-commercial risks and risk mitigation instruments |
| url | https://www.rmci.ase.ro/no13vol1/18.pdf |
| work_keys_str_mv | AT trungquangdinh privatesectorexporttoemergingmarketeconomiesduringtimesofcrisishowcanexportcreditagencieshelp AT hilmarþorhilmarsson privatesectorexporttoemergingmarketeconomiesduringtimesofcrisishowcanexportcreditagencieshelp |