Measuring the impact of trade finance on country trade flows : a South African perspective

dc.contributor.authorKohler, Marcel
dc.contributor.authorSaville, Adrian David
dc.date.accessioned2012-01-30T06:59:49Z
dc.date.available2012-01-30T06:59:49Z
dc.date.issued2011
dc.description.abstractTrade finance (or short-term credit) plays a crucial role in facilitating international trade yet is particularly vulnerable to financial crises as banks increase the pricing on all trade finance transactions to cover increased funding costs and higher credit risks. Whereas South Africa’s financial institutions largely managed to strengthen their capital positions during the global financial crisis, the country’s trade flows and access to capital (in particular trade finance and its costs) were hard hit by the crisis. Little is known about the extent of shortages or ‘gaps’ in trade finance and the impact of this on South Africa’s recent trade performance. Whilst our research recognises that access to trade finance is not the main cause of South Africa’s trade contraction, our research suggests that all else equal, a one percentage point increase in the interbank lending rate of our trade partner could reduce exports by approximately ten per cent.en
dc.description.librariannf2012en
dc.description.sponsorshipThe authors gratefully acknowledge both the Gordon Institute of Business Science and Economic Research Southern Africa for providing financial assistance towards this research.en_US
dc.description.urihttp://www.sajems.org/index.php/sajemsen_US
dc.identifier.citationKohler, M & Saville, A 2011, 'Measuring the impact of trade finance on country trade flows : a South African perspective', South African Journal of Economic and Management Sciences = Suid-Afrikaanse Tydskrif vir Ekonomiese en Bestuurswetenskappe, vol. 14, no. 4, pp. 466-478.en
dc.identifier.issn1015-8812 (print)
dc.identifier.issn2222-3436 (online)
dc.identifier.urihttp://hdl.handle.net/2263/17922
dc.language.isoenen_US
dc.publisherDepartment of Economics, University of Pretoriaen
dc.rightsDepartment of Economics, University of Pretoria / Creative Commons license.en
dc.subjectTrade financeen
dc.subject.lcshExports -- South Africa -- Financeen
dc.subject.lcshSouth Africa -- Commerceen
dc.subject.lcshEconomic impact analysis -- South Africaen
dc.titleMeasuring the impact of trade finance on country trade flows : a South African perspectiveen
dc.typeArticleen

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