This paper presents the 2024 update of the Trade Vulnerability Index (TVI), developed by the Center for Development Studies (CED), as a tool for comparing the international integration of Latin American countries. Findings show that Mercosur remains…
When we proxy trade finance by the sum of trade finance loans and export-adjusted notes receivable, elasticity estimates range between 0.18-0.31 depending on the sample of exporters. These estimates are comparable to single and multi-instrument…