G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13661
DP13661 International Trade Finance From the Origins to the Present: Market Structures, Regulation, and Governance
Olivier Accominotti; Stefano Ugolini
发表日期2019-04-10
出版年2019
语种英语
摘要We describe how the structure and governance of international trade finance – the oldest domain of international finance – evolved from the Middle Ages until today. Trade finance products initially consisted of idiosyncratic assets issued by local merchants and bankers. The financing of international trade then became increasingly centralized and credit instruments were standardized through the diffusion of the local standards of consecutive leading trading centers (Antwerp, Amsterdam, London). This process of market centralization/product standardization culminated in the nineteenth century when London became the global center for international trade finance and the sterling bill of exchange emerged as the most widely used trade finance instrument. The structure of the trade finance market then evolved considerably following the First World War and disintegrated during the interwar de-globalization and Bretton Woods period. The reconstruction of global trade finance in the post-1970 period gave way to the decentralized market structure that prevails nowadays.
主题International trade ; Financial Regulation and Banking
关键词Trade finance Market structure Bill of exchange Letter of credit
URLhttps://cepr.org/publications/dp13661
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/542520
推荐引用方式
GB/T 7714
Olivier Accominotti,Stefano Ugolini. DP13661 International Trade Finance From the Origins to the Present: Market Structures, Regulation, and Governance. 2019.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Olivier Accominotti]的文章
[Stefano Ugolini]的文章
百度学术
百度学术中相似的文章
[Olivier Accominotti]的文章
[Stefano Ugolini]的文章
必应学术
必应学术中相似的文章
[Olivier Accominotti]的文章
[Stefano Ugolini]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。