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Article: Trade finance in East Asia - potential responses to the shortfall
Title | Trade finance in East Asia - potential responses to the shortfall |
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Authors | |
Keywords | Banking and Finance Commercial Law Comparative and Foreign Law International Trade Law |
Issue Date | 2013 |
Publisher | University of New South Wales Faculty of Law. |
Citation | University of New South Wales Faculty of Law Research Series, 2013, p. Working Paper 43 How to Cite? |
Abstract | The crisis of 2008 saw many European banks reduce their provision of trade finance in East Asia. Notwithstanding the actions of the G20 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 Basle III rules, to 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 Identifier | http://hdl.handle.net/10722/185527 |
SSRN |
DC Field | Value | Language |
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dc.contributor.author | Buckley, RP | - |
dc.contributor.author | Arner, DW | - |
dc.contributor.author | Stanley, R | - |
dc.date.accessioned | 2013-08-08T09:26:15Z | - |
dc.date.available | 2013-08-08T09:26:15Z | - |
dc.date.issued | 2013 | - |
dc.identifier.citation | University of New South Wales Faculty of Law Research Series, 2013, p. Working Paper 43 | - |
dc.identifier.uri | http://hdl.handle.net/10722/185527 | - |
dc.description.abstract | The crisis of 2008 saw many European banks reduce their provision of trade finance in East Asia. Notwithstanding the actions of the G20 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 Basle III rules, to 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.language | eng | - |
dc.publisher | University of New South Wales Faculty of Law. | - |
dc.relation.ispartof | University of New South Wales Faculty of Law Research Series | - |
dc.subject | Banking and Finance | - |
dc.subject | Commercial Law | - |
dc.subject | Comparative and Foreign Law | - |
dc.subject | International Trade | - |
dc.subject | Law | - |
dc.title | Trade finance in East Asia - potential responses to the shortfall | en_US |
dc.type | Article | en_US |
dc.identifier.email | Arner, DW: dwarner@hkucc.hku.hk | - |
dc.description.nature | postprint | - |
dc.identifier.spage | Working Paper 43 | - |
dc.identifier.epage | Working Paper 43 | - |
dc.publisher.place | Austrialia | - |
dc.identifier.ssrn | 2293598 | - |
dc.identifier.hkulrp | 2013/033 | - |