Export Credit Insurance — Why Government?

Export growth and credit constraints

We investigate the effect of credit constraints on the growth of exports at the micro level. We develop a stylized dynamic model showing credit constraints play a key role in early stages of exporting, but not in later stages. Our empirical results using product level data on exports to twelve European Union members and the U.S. support the model’s predictions: exports from more credit constrai...

Insurability of export credit risks

This report presents an analysis of the market for export credit insurance. Governments of all developed countries offer exporting companies export credit (re)insurance, either directly or indirectly. This raises the questions 1. What are the key determinants of export credit risk insurability by the private market? 2. Which export credit risks can be covered by the private market? We provide a...

Filling A Shrinking Gap EDC ’ s Changing Role in the Market for Export - Credit Insurance

at EDC for very useful conversations. All errors and omissions are mine. [email protected].

Why Some Firms Export

This paper presents a dynamic model of the export decision by a profit-maximizing firm. Using a panel of U.S. manufacturing plants, we test for the role of plant characteristics, spillovers from neighboring exporters, entry costs and government export promotion expenditures. Entry and exit in the export market by U.S. plants is substantial, past exporters are apt to reenter, and plants are like...

Credit Derivatives Are Not "Insurance"