Essay --

1.0 Introduction 1.1 Background of the study This research is to study the implication of Federal Reserve (Fed) tapering of quantity easing (QE) on trade finance industry, particularly in emerging markets. Fed quantitative easing (QE) is a channel to revive national economy when standard monetary policy has become ineffective. It primarily objectives are to stimulus domestic growth and help the sluggish US real estate market after financial crisis of 2007 - 2008. It was used by Fed because its policies rate have been lower close to zero after subprime crisis. QE has resulted increasing of foreign fund into the emerging markets for higher returns. Oppositely, when Fed announced a tapering of some of it QE policies contingent upon continued showing of positive sign of economy growth in year 2013, the emerging markets economic started get uncertain and growth slower. There is a concern about emerging nations with large current account deficits, weak public finances and high external borrowings relative to reserves will receive worst-affection with capital outflows when the Fed started tapering of QE in 2014. Furthermore, the current liquidity crisis in China and prolonged of European debt crisis would worsen the negative impact of tapering on the economic growth in emerging markets. The continuing of economic sluggish in China and Eurozone while the United States (US) economic growth not benefiting emerging nations exporting and external trade. Hence, the prediction is emerging market will experience a slower economy after tapering of QE. This research is to study perspectives and challenges in trade finance industry in the era post tapering. 1.2 Problem statement The recent sharp fall in currency and capital markets uncertainty in... ...roach allows this interviewees to discuss their opinions, views and experiences in depth, Furthermore, the researcher may seek further clarification whenever it is necessary. The interview will consists nine open questions developed for the targeted interviewees. The questions may vary for the he top management, middle management and general level employees. The interviewees' responses will lead to the length of the interview. However, the targeted length of the interview is about 30 - 45 minutes accordingly. In addition, some secondary data will be collected from the public journals, expert analysis and company reports to further clarify the information collected from the interviews. These data collected will be used in the evaluation and analysis process together with the information from the respondents to enhance the quality of the findings of the research.