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…
This report evaluates the impact of the Sino-Swiss Free Trade Agreement (SSFTA) through an in-depth analysis of its utilization rates and trade deficits. Part II focuses on the methodology for calculating SSFTA utilization, refined by Chinese and…