Facebook

Twitter

StumbleUpon

Email

vote downundo vote up flag

moneyweek.com - 10/25/2008

Trade finance: is international trade grinding to a halt?

—

Trade is built on trust – that the goods you pay for will turn up; that the goods you send to market will be paid for. The financial crisis means that trust has now gone. Tim Bennett reports. What is 'trade finance' for? Trade finance exists thanks to what the Financial Times's Lex calls "one of ...

Leave a Comment

The credit crunch: I still cannot agree with Alex and Bryan
Marginal Revolution — Alex is a very good truth-tracker but on credit I remain stubborn.  Here is one report: How is trade finance coping with the credit crunch Badly. Steve Rodley, director of London-based shipping hedge-fund Global Maritime Investments, puts it bluntly: "The whole shipping market has crashed." The trouble is that credit is the lifeblood of commerce, but it is built entirely on trust. And that has evaporated. As such, many ship owners can't get banks to issue letters of credit, particularly on cargoes of ...

"There is a Credit Crunch"
Economist's View — Tyler Cowen does some digging and concludes: I still cannot agree with Alex and Bryan: ...I remain stubborn in my belief that there is a credit crunch.  Here is one report: How is trade finance coping with the credit crunch Badly. Steve Rodley, director of London-based shipping hedge-fund Global Maritime Investments, puts it bluntly: "The whole shipping market has crashed." The trouble is that credit ... has evaporated... Here is another report.  Here are ...