Month: March 2014

Your Banker Can’t Help Himself;  but You Can Help Yourself with the Right Bank

We saw a headline recently in the Wall Street Journal that said: Bank Financing Played Big Role in Trade Collapse.  It referred to a study by two prominent economists of the economic difficulties in 2008/9, noting that a shrinkage in the supply of letters of credit had a large effect on world trade and the global economy. Further, such a shrinkage affected developing countries even more.

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