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Trade Finance Gaps in a Heightened Regulatory Environment: The Role of Development Banks
Author(s) -
Henderson Jennifer,
Smallridge Diana
Publication year - 2019
Publication title -
global policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.602
H-Index - 33
eISSN - 1758-5899
pISSN - 1758-5880
DOI - 10.1111/1758-5899.12715
Subject(s) - protectionism , trade finance , business , financial market , emerging markets , financial regulation , international trade , economics , international economics , finance , financial system , public finance , macroeconomics
Trade is a fundamental human activity. However, the past decade has been characterised by increasing regulation and protectionism. This paper explores the role of development banks as trade finance policy tools in responding to regulation‐induced market failures. Towards this end, it discusses the impact of recent trends in banking regulation on small and medium enterprises (SMEs), financial institutions, and emerging economies.