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The Market, the State, and the Export-Import Bank of the United States, 1934-2000 (Paperback)
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The Market, the State, and the Export-Import Bank of the United States, 1934-2000 (Paperback)
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This is the first history of the Export-Import Bank of the United
States (Ex-Im) based on archival sources. As the government's
exports credit agency, Ex-Im promotes exports through loans,
guarantees and insurance and has had an unusual history as a public
institution shaped by market principles. Congress mandated that the
Bank only provide credit with a reasonable assurance of repayment.
But the rules of the market and the needs of the state conflicted
at times. Ex-Im has played a part in all the major events that
marked the growing involvement of the United States in the
international economy. In the last two decades, the bank has
carried on its congressionally mandated mission in an increasingly
complicated environment brought on by changes in private capital
markets; congressional constraints on its budgets; major financial
crises in Latin America and South-East Asia; fast-moving
developments in communications and information technology and the
demands of non-governmental organisations devoted to environmental
protection.
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