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Bank Financing of Global Supply Chains / Laura Alfaro, Mariya Brussevich, Camelia Minoiu, Andrea F. Presbitero.
- Format:
- Book
- Author/Creator:
- Alfaro, Laura.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w33754.
- NBER working paper series no. w33754
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2025.
- Summary:
- Finding new international suppliers is costly, so most importers source inputs from a single country. We match shipment data with the U.S. credit register to analyze the role of banks in mitigating trade search costs during the 2018-2019 U.S.-China trade tensions. Importers of tariff-hit products from China were more likely to exit relationships with Chinese suppliers and to find new suppliers in other Asian countries. To finance their geographic diversification, tariff-hit firms increased credit demand, drawing on credit lines and taking out loans at higher rates. Banks offering trade finance services in Asia eased both financial and information frictions.
- Notes:
- May 2025.
- Print version record
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