Importance of banks in international trade
International Trade, Risk, and the Role of Banks. Friederike Niepmann and Tim Schmidt-Eisenlohr. Federal Reserve Bank of New York Staff Reports, no. 633. Banks are important facilitators of international trade. Besides providing liquidity they guarantee payment for around a fifth of world trade. The banking sector thus 16 Aug 2018 Commercial banks doing international business are also called merchant banks because they finance trade between companies and customers