Borchert, Lea; Haas, Ralph de; Kirschenmann, Karolin; … - 2023
financial crime regulation) to assess how payment disruptions impede cross-border trade. Using firm-level export data from … borrowers start to export less. This trade decline occurs on both the extensive and intensive margins, and firms only partially … findings highlight an often overlooked function of global banks: providing the payment infrastructure and trade finance that …