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  3. The Market, the State, and the Export-Import Bank of the United States, 1934–2000
  • Cited by 19
Publisher:
Cambridge University Press
Online publication date:
July 2009
Print publication year:
2003
Online ISBN:
9780511511615
DOI:
https://doi.org/10.1017/CBO9780511511615
Subjects:
Economics, Area Studies, American History after 1945, American Studies, History, Finance and Accountancy
Information

Book description

This is the first history of the Export-Import Bank of the United States (Ex-Im) based on archival sources. As the government's exports credit agency, Ex-Im promotes exports through loans, guarantees and insurance and has had an unusual history as a public institution shaped by market principles. Congress mandated that the Bank only provide credit with a reasonable assurance of repayment. But the rules of the market and the needs of the state conflicted at times. Ex-Im has played a part in all the major events that marked the growing involvement of the United States in the international economy. In the last two decades, the bank has carried on its congressionally mandated mission in an increasingly complicated environment brought on by changes in private capital markets; congressional constraints on its budgets; major financial crises in Latin America and South-East Asia; fast-moving developments in communications and information technology and the demands of non-governmental organisations devoted to environmental protection.

Reviews

"Here is the first history of the US export-import bank based on archival resources." Business Horizons

"...an important contribution to the scholarly literature on international trade." EH.NET

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