The Market, the State, and the Export-Import Bank of the United States, 1934-2000 / Edition 1

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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 export 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 Southeast Asia; fast-moving developments in communications and information technology; and the demands of nongovernmental organizations devoted to environmental protection.
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Editorial Reviews

From the Publisher
"Here is the first history of the US export-import bank based on archival resources." Business Horizons

" important contribution to the scholarly literature on international trade." EH.NET

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Product Details

  • ISBN-13: 9780521811439
  • Publisher: Cambridge University Press
  • Publication date: 10/1/2003
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 352
  • Product dimensions: 5.98 (w) x 8.98 (h) x 1.14 (d)

Table of Contents

Preface and Acknowledgments
Introduction 1
1 Setting a Flexible Course: The Export-Import Bank, 1934-1939 10
2 World War and Its Aftermath 41
3 Cold War and the Needs of a New Era, 1948-1961 77
4 Becoming "Two Institutions" 110
5 New Mandates and New Limits 161
6 Turmoil and Turning Points 196
7 A New Era and Its Challenges, the 1990s 238
Epilogue 280
App. A Board of Directors 301
App. B Summary of Authorizations 304
App. C Number of Authorizations 317
App. D Charges Against Statutory Limitations on Total Activity 324
Index 332
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