An Empirical Analysis of the Impact of the Change of LIBOR on the Volume of Global Seaborne Trade and the Growth of World Gross Domestic Product -Cointegration and Causal Nexuses
Ship finance (SF), global seaborne trade (WST), world gross domestic product (WGDP) and, the London Interbank Offered Rate (LIBOR) really are the fascinating issues to the ship owners, financial institutes, bankers, banking risk managers and, maritime researchers. The remarkable developments of global shipbuilding and sea transportation are important and significantly created more productivities and businesses to the world economy today compared to last 20th century, special in the containerization, oil tankers, liquefied petroleum gas (LPG), liquefied natural gas (LNG), dry bulk carriers and others. The ship investors normally require the large amount of capital and always seek for the suitable financial sources.
