Exim shutdown stymied US firms’ export earnings – paper
Shutting down export credit agency led to large capital misallocation, Atlanta Fed researchers say
The US lost $4.49 in exports for every $1 of lost financing when the country’s import and export bank shut down between 2015 and 2019, new research from the Federal Reserve Bank of Atlanta shows.
Atlanta Fed economists Poorya Kabir, Adrien Matray, Karsten Müller and Chenzi Xi published their research paper on August 24. It shows that shutting down the US Export-Import Bank (Exim) led to an outsized loss for firms that had relied on its funding and resulted in higher levels of capital
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