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The Market, the State, and the Export-Import Bank of the United States, 1934-2000

The Market, the State, and the Export-Import Bank of the United States, 1934-2000

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Book DescriptionBased on archival sources, this history of the Export-Import Bank of the United States (Ex-Im), focuses on its role in the growing involvement of the U.S. in the international economy. Over the last two decades the Bank has carried on itsCongressionally-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 Southeast Asia. It has survived despite the latest developments in communications and information technology, and the demands of non-governmental organizations (NGOs) devoted to environmental protection.Download DescriptionThe first history of the Export-Import Bank of the United States (Ex-Im) based on archival sources. As the government's export credit agency (ECA), 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 worked 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 Southeast Asia; fast-moving developments in communications and information technology; and the demands of non-governmental organizations devoted to environmental protection.