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Trade finance: how volatile financial conditions influence its availability and impact trade levels

PRESS01 Business news desk

Global trade opens opportunities for economic growth. However, moving goods across borders, between exporters and importers, involves counterparty risk such as payment and liquidity risk. Trade finance facilitates trade by mitigating these risks.Using a new dataset, we find that volatile global financial conditions constrict the availability of trade…

Rising Over Louisiana

PRESS01 Culture news desk

On Aug. 28, 2026 (the evening of Aug. 27 in some time zones), the Moon passed into Earth’s shadow, creating a deep partial lunar eclipse. At the moment of greatest eclipse, 12:13 a.m. EDT, 96.3% of the Moon’s disk was immersed in Earth’s umbra—the central, darkest part of…