Another Piece of the Puzzle : Adding Swift Data on Documentary Collections to the Short-Term Forecast of World Trade /

This paper extends earlier research by adding SWIFT data on documentary collections to the short-term forecast of international trade. While SWIFT documentary collections accounted for just over one percent of world trade financing in 2020, they have strong explanatory power to forecast world trade...

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Detalles Bibliográficos
Autor Principal: Ghazaryan, Narek
Outros autores: Goumilevski, Alexei, Mongardini, Joannes, Radzikowski, Aneta
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2021.
Series:IMF Working Papers; Working Paper ; No. 2021/293
Subjects:
Acceso en liña:Full text available on IMF
Descripción
Summary:This paper extends earlier research by adding SWIFT data on documentary collections to the short-term forecast of international trade. While SWIFT documentary collections accounted for just over one percent of world trade financing in 2020, they have strong explanatory power to forecast world trade and national trade in selected economies. The informational content from documentary collections helps improve the forecast of world trade, while a horse race with machine learning algorithms shows significant non-linearities between trade and its determinants during the Covid-19 pandemic.
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Descrición Física:1 online resource (63 pages)
Formato:Mode of access: Internet
ISSN:1018-5941
Acceso:Electronic access restricted to authorized BRAC University faculty, staff and students