2018
DOI: 10.15678/eber.2018.060301
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Trade-Finance Nexus: Was it Distorted in the Aftermath of the Global Financial Crisis?

Abstract: The objective of this article is to examine whether the trade-finance nexus was distorted in the aftermath of the global financial crisis. Research Design & Methods: We estimated OLS regressions between trade and finance for 36 countries. The Quandt-Andrews breakpoint test and Bai-Perron multiple breaking point test were used to test for structural breaks in the trade-finance nexus. Findings: The results show that a structural break in the trade-finance relationship occurred in 2008 in the majority of the exam… Show more

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Cited by 7 publications
(3 citation statements)
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“…The "product mapping method" defines the whole process of profiling the commodity structure of the agrarian foreign trade of Uzbekistan. This approach is based on a combination of both above-mentioned indicators (a similar approach has already been tested by Maitah et al, 2016;Bielik et al, 2013;Rezbova et al, 2014;Svatos et al, 2010;Borak et al, 2018;Braha et al, 2019;Ferto 2017Ferto , 2018Jambor et al, 2017;Wajda-Lichy & Kawa, 2018;Bilan et al, 2018;Kozlovskyi et al, 2018). The Lafay index (Lafay, 1992) analysis is used to help provide information on bilateral trade relations between countries and regions.…”
Section: Methodsmentioning
confidence: 99%
“…The "product mapping method" defines the whole process of profiling the commodity structure of the agrarian foreign trade of Uzbekistan. This approach is based on a combination of both above-mentioned indicators (a similar approach has already been tested by Maitah et al, 2016;Bielik et al, 2013;Rezbova et al, 2014;Svatos et al, 2010;Borak et al, 2018;Braha et al, 2019;Ferto 2017Ferto , 2018Jambor et al, 2017;Wajda-Lichy & Kawa, 2018;Bilan et al, 2018;Kozlovskyi et al, 2018). The Lafay index (Lafay, 1992) analysis is used to help provide information on bilateral trade relations between countries and regions.…”
Section: Methodsmentioning
confidence: 99%
“…The literature on the subject indicates that one of the main sources of short-term financing of enterprises is trade credit (Petersen & Rajan, 1997). It boils down to providing financing by companies that do not deal with financing as their core business (García-Teruel & Martínez-Solano, 2010;Wajda-Lichy & Kawa, 2018;Redo & Siemiątkowski, 2017). It is an agreement concluded between the supplier and the customer, where the customer has an option to purchase goods on credit, i.e.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Besides TOP's influence on EG, theoretical literature indicates that FD is critical for EG (Nguyen et al, 2022;Prempeh, Frimpong, et al, 2023;Shahbaz et al, 2022). However, literature on the FD-TOP nexus is still emerging (Caporale et al, 2022;Gächter & Gkrintzalis, 2017;Gokmenoglu & Amin, 2015;Wajda-Lichy & Kawa, 2018;Yakubu et al, 2018). However, studies on the FD-TOP link focus primarily on the direction of effects.…”
Section: Introductionmentioning
confidence: 99%