Kriz zamanlarında dış ticaretin finansmanı ve çok taraflı kalkınma bankaları: Yükselen piyasalar örneği

Different crisis experiences all over the world created a need for trade finance intervention, especially in Frontier and Emerging Markets (EMs). This study examines five major Multilateral Development Banks' (MDBs) trade finance initiatives, namely trade finance facilitation programs (TFFPs), by focusing on EMs and crisis times. The aim of the study is, by using both quantitative and qualitative data, to demonstrate the TFFPs' success in coping with crisis and how this process takes place in the market. The results suggest that TFFPs, thus MDBs, provide an effective additionality to countries, especially EMs, both during and out of crisis.