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Article: Trade Finance in East Asia: Potential Responses to the Shortfall

TitleTrade Finance in East Asia: Potential Responses to the Shortfall
Authors
KeywordsGroup of Twenty
Trade finance
Basel III
China
East Asia
Issue Date2014
PublisherUniversity of Melbourne, Faculty of Law. The Journal's web site is located at http://mjil.law.unimelb.edu.au/mjil/flash/default.asp
Citation
Melbourne Journal of International Law, 2014, v. 15 n. 1, p. 109-127 How to Cite?
AbstractThe crisis of 2008 saw many European banks reduce their provision of trade finance in East Asia. Notwithstanding the actions of the Group of Twenty and other bodies to redress this, a substantial shortfall in trade finance facilities in the region remains. This article explores the development of this shortfall and analyses potential responses to it. These responses range from some much needed further revisions to the Basel III rules, to the deepening of cross-border cooperation, creating a ring-fenced liquidity pool for trade finance, encouraging co-financing among the various providers of trade finance both private and public and establishing a regional trade finance database. In addition, the article ponders the likelihood of China’s banks beginning to take a substantial role in providing trade finance to the region. Trade finance offers China’s banks a low risk means of expanding into international business and offers China a way to provide the sort of important service to its region that regional leaders typically seek to provide.
Persistent Identifierhttp://hdl.handle.net/10722/210609
ISSN
SSRN

 

DC FieldValueLanguage
dc.contributor.authorBuckley, RP-
dc.contributor.authorArner, DW-
dc.contributor.authorStanley, RL-
dc.date.accessioned2015-06-19T07:56:51Z-
dc.date.available2015-06-19T07:56:51Z-
dc.date.issued2014-
dc.identifier.citationMelbourne Journal of International Law, 2014, v. 15 n. 1, p. 109-127-
dc.identifier.issn1444-8602-
dc.identifier.urihttp://hdl.handle.net/10722/210609-
dc.description.abstractThe crisis of 2008 saw many European banks reduce their provision of trade finance in East Asia. Notwithstanding the actions of the Group of Twenty and other bodies to redress this, a substantial shortfall in trade finance facilities in the region remains. This article explores the development of this shortfall and analyses potential responses to it. These responses range from some much needed further revisions to the Basel III rules, to the deepening of cross-border cooperation, creating a ring-fenced liquidity pool for trade finance, encouraging co-financing among the various providers of trade finance both private and public and establishing a regional trade finance database. In addition, the article ponders the likelihood of China’s banks beginning to take a substantial role in providing trade finance to the region. Trade finance offers China’s banks a low risk means of expanding into international business and offers China a way to provide the sort of important service to its region that regional leaders typically seek to provide.-
dc.languageeng-
dc.publisherUniversity of Melbourne, Faculty of Law. The Journal's web site is located at http://mjil.law.unimelb.edu.au/mjil/flash/default.asp-
dc.relation.ispartofMelbourne Journal of International Law-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectGroup of Twenty-
dc.subjectTrade finance-
dc.subjectBasel III-
dc.subjectChina-
dc.subjectEast Asia-
dc.titleTrade Finance in East Asia: Potential Responses to the Shortfall-
dc.typeArticle-
dc.identifier.emailArner, DW: douglas.arner@hku.hk-
dc.identifier.authorityArner, DW=rp01237-
dc.description.naturepostprint-
dc.identifier.hkuros254556-
dc.identifier.volume15-
dc.publisher.placeAustralia-
dc.identifier.ssrn2612414-
dc.identifier.hkulrp2015/019-

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