When we proxy trade finance by the sum of trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the sample of exporters. These estimates are comparable to single and multi-instrument…
India, the ‘Asian Economic behemoth’, and Mauritius, the ‘African economic miracle’ have strong, long-standing bilateral trade relations. There exists undeniable cultural proximity between India and Mauritius caused by the Indian origin of the…