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Article . 2024 . Peer-reviewed
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https://doi.org/10.29338/wp202...
Article . 2025 . Peer-reviewed
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Article . 2025 . Peer-reviewed
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Bank Financing of Global Supply Chains

Authors: Laura Alfaro; Mariya Brussevich; Camelia Minoiu; Andrea Presbitero;

Bank Financing of Global Supply Chains

Abstract

How do firms overcome frictions when trade policy shocks disrupt supply chains? Linking shipment records to the U.S. credit register, we analyze how banks mitigated financial and information frictions facing firms who searched for suppliers after the 2018--2019 tariffs.  Tariff-hit importers drew more on credit lines and took out loans at higher rates. Firms connected to specialized banks secured credit on better terms and replaced suppliers up to eleven months faster than similar firms with other banks. Our results highlight a new information channel through which specialized banks mitigate frictions and dampen policy shock transmission to the real economy. 

Keywords

financial frictions, trade policy, ddc:330, G21, bank lending, F34, supply chains, F42

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    popularity
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    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
15
Top 10%
Average
Top 10%
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