The public export finance is one of the most extensive sources of finance. All export credit agencies are subject to internationally valid rules, which are respected with the distribution of warranties. Apart from the promotion of exports, export credit agencies offer their services with public funds but without public control - also foreign direct investments in emerging markets in the south as well as east and southeast European countries like the successor countries of the Soviet Union.
With the allocation of public warranties there are missing controls considering aspects of the environment and the society which enables the promotion of social-, environmental- and cultural-incompatible projects.
Export credit agencies are the most important public financial source still before the World Bank and the public development aid when it comes to private investments, infrastructure buildings and heavy industry.1
Successful foreign business transactions need an equally successful financing, qualitatively according to products to be exported. Therefore, a longterm planning is necessary due to the fact that there is a long term frame from the placing of order to the receipt of money. These phases need to be brigded financially because expenses for empoyees and distributors are incurred. Commercial banks and special financing companies therefore offer various finance opportunities.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Executive Summary
- Scope of Work
- Problem and Research
- Problem Definition
- Relevance and Motivation
- Methodology
- Theories on Export Credit Agencies
- Market entry strategies
- Principal Agent Theory
- Transaction Cost Theory
- Selected elements
- Export Credit Agencies
- Financing via export credit agencies
- Financing instruments
- Allocation of loans and OECD
- Commercial debts
- Critical Review
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This assignment focuses on the critical analysis of Export Credit Agencies (ECA's) in consideration of Euler Hermes. The main objective is to understand the role and significance of ECAs in international trade, particularly in the context of financing export activities. The assignment aims to examine the various financing instruments offered by ECAs, their impact on market entry strategies, and the potential risks and challenges associated with their use. Additionally, the assignment will explore the interplay of key theories, including the Principal Agent Theory and Transaction Cost Theory, in understanding the behavior and operations of ECAs. Key themes explored in this assignment include:- The role and significance of Export Credit Agencies in international trade
- Financing instruments offered by Export Credit Agencies
- The impact of ECAs on market entry strategies
- The risks and challenges associated with ECA financing
- The application of relevant economic theories in analyzing ECAs
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction provides an executive summary highlighting the importance of public export finance and the role of export credit agencies in promoting exports and foreign direct investments. It also outlines the scope of the assignment, which focuses on a critical analysis of Export Credit Agencies in consideration of Euler Hermes. Chapter 2 delves into the problem definition, outlining the relevance and motivation for undertaking this analysis. It also details the methodology employed in the assignment, outlining the structured procedure used to conduct the research. Chapter 3 explores theoretical frameworks relevant to the study of export credit agencies. This includes examining market entry strategies, the Principal Agent Theory, and Transaction Cost Theory. The chapter also provides a discussion of selected elements relevant to the understanding of ECAs. Chapter 4 focuses on the operations of export credit agencies, examining their financing mechanisms, various financing instruments, and the allocation of loans within the framework of the OECD. The chapter also analyzes the issue of commercial debts in relation to export credit agencies.Schlüsselwörter (Keywords)
This assignment revolves around the critical analysis of Export Credit Agencies (ECAs), with a particular focus on Euler Hermes. Key terms and concepts include public export finance, financing instruments, market entry strategies, Principal Agent Theory, Transaction Cost Theory, risk assessment, international trade, and emerging markets.- Citar trabajo
- Stefanie Welz (Autor), 2006, Critical analysis of export credit agencies in consideration of Euler Hermes, Múnich, GRIN Verlag, https://www.grin.com/document/73415
