Skip to main navigation Skip to main content
info(at)avldigital.remove-this.de
Deutsch English
Narrow Search
Search narrowed by
Last searches

Results for *

Displaying results 1 to 2 of 2.

  1. Broken relationships
    de-risking by correspondent banks and international trade
    Author: Borchert, Lea; Haas, Ralph de; Kirschenmann, Karolin; Schultz, Alison
    Published: December 2023
    Publisher:  European Bank for Reconstruction and Development, [London, United Kingdom]

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    Keine Rechte
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / European Bank for Reconstruction and Development ; no. 285
    Subjects: Correspondent banking; trade finance; de-risking; global banks; international trade; anti-money laundering
    Scope: 1 Online-Ressource (circa 78 Seiten), Illustrationen
  2. Broken relationships
    de-risking by correspondent banks and international trade
    Author: Borchert, Lea; Haas, Ralph de; Kirschenmann, Karolin; Schultz, Alison
    Published: [2023]
    Publisher:  ZEW - Leibniz Centre for European Economic Research, Mannheim, Germany

    We exploit proprietary information on severed correspondent banking relationships (due to the stricter enforcement of financial crime regulation) to assess how payment disruptions impede cross-border trade. Using firm-level export data from emerging... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 15
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
    Inter-library loan:
    No inter-library loan

     

    We exploit proprietary information on severed correspondent banking relationships (due to the stricter enforcement of financial crime regulation) to assess how payment disruptions impede cross-border trade. Using firm-level export data from emerging Europe, we show that when local respondent banks lose access to correspondent banking services, their corporate borrowers start to export less. This trade decline occurs on both the extensive and intensive margins, and firms only partially substitute these foregone exports with higher domestic sales. As a result, total firm revenues and employment shrink. These findings highlight an often overlooked function of global banks: providing the payment infrastructure and trade finance that enables firms in less-developed countries to export to richer parts of the world.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/283585
    Series: Discussion paper / ZEW ; no. 23, 064 (12/2023)
    Subjects: Correspondent banking; trade finance; de-risking; global banks; international trade; anti-money laundering
    Scope: 1 Online-Ressource (76 Seiten), Illustrationen