In 2019, the European Union launched the European Green Deal; a project to make the EU a climate-neutral area. As part of this project the EU, in 2023, the European Parliament and the Council of the European Union approved the Regulation (EU) 2023/…
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…