In early May, India and the United Kingdom (UK) announced the conclusion of their free trade agreement (FTA), touted as the most comprehensive trade deal India has ever signed. While the full text of the agreement has yet to be released, it is clear…
When we proxy trade finance by the sum of trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the sample of exporters. These estimates are comparable to single and multi-instrument…