Search Results
Discussion Paper
An empirical analysis of standby letters of credit
Working Paper
Risk-based capital and off-balance sheet activities
Journal Article
Standby letters of credit
Report
International Trade, Risk and the Role of Banks
Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting. This paper employs two new data sets to shed light on the magnitude and structure of this business, which, as we show, is highly concentrated in a few large banks. The two principal trade finance instruments, letters of credit and documentary collections, covered about 10 percent of U.S. exports in 2012. They are preferred for larger transactions, which indicates the existence of substantial fixed costs in the provision and use of these instruments. Letters of credit are ...
Conference Paper
Risk-based capital and off-balance sheet activities
Conference Paper
Off-balance-sheet activity: a growing concern?