Coutroubis, Alec (2010) Ship Finance: Harsh realities, bleak future (Special survey). [Working Paper]

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Abstract

Shipping provides transport services to international trade. The collapse of trade in 2008 came when Banks, as a result of liquidity shortages, became unable to finance international trade by providing the customary short term finance including letters of credit. Shortage of liquidity was also compounded by loss of trust between financial institutions, promptly reducing interbank lines and customer credit exposures. The result: no cargoes to move around.

Item Type:	Working Paper
Uncontrolled Keywords:	Collapse of the shipping markets, Shipfinance
Faculty / School / Research Centre / Research Group:	Faculty of Engineering & Science
Last Modified:	09 Mar 2016 11:33
URI:	http://gala.gre.ac.uk/id/eprint/13065

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