The Export—Import Bank

An Economic Analysis

David P. Baron, Karl Shell

• Publisher: Academic Press
• Year: 2014
• Print ISBN:
  9780120790807
• eBook ISBN:
  9781483268538
• Topic: Business
• Subtopic: Finance
• Index: Business

The Export—Import Bank: An Economic Analysis provides a critical analysis of the export financing issue and the Eximbank's performance in fulfilling its congressional mandate. The analysis is based on extensive interviews with Eximbank officials and on numerous internal documents in addition to published materials. This book is composed of 11 chapters that reflect the three perspectives on Eximbank's performance. First, an analysis of the need for such financing is presented in conjunction with an assessment of the competitiveness of U.S. programs compared with those provided by other nations. Second, Eximbank performance is evaluated in terms of the cost of its programs, their potential welfare impacts, and the likely impact on U.S. exports. Third, an evaluation is provided of the Eximbank's decision making and its methodology for evaluating the impact of its direct credit program. Recommendations are made concerning U.S. export financing objectives, strategies for achieving those objectives, and Eximbank administrative procedures. This work also provides an economic analysis of Eximbank financing and includes a case study of Eximbank decision making in the granting of a $200 million aircraft credit to Ansett Airlines of Australia. This book will prove useful to those who are interested in international trade and finance, as well as those concerned more broadly with government intervention in markets.

Table of contents

• Front Cover
• The Export–Import Bank: An Economic Analysis
• Copyright Page
• Table of Contents
• Preface
• Chapter 1. Eximbank: The Controversy, Its Mandate, and Its Programs
• Chapter 2. A Review of the Bank's Activities: 1970–1981
• Chapter 3. The Economic Justification for the Programs of the Eximbank
• Chapter 4. The Supply and Demand for Government-Supported Export Financing
• Chapter 5. The Competitiveness of Eximbank Programs
• Chapter 6. The Subsidy Provided by Eximbank Financing
• Chapter 7. The Welfare Consequences of Concessionary Export Financing
• Chapter 8. Additionality and Its Measurement
• Chapter 9. A Test of Additionality
• Chapter 10. The Ansett Case
• Chapter 11. The Future Role of the Eximbank
• Index
• ECONOMIC THEORY, ECONOMETRICS, AND MATHEMATICAL ECONOMICS