Levchenko, Andrei A.; Lewis, Logan T.; Tesar, Linda L. - Research Seminar in International Economics, University … - 2010
disaggregated international trade data, we examine whether the cross-sectoral variation in how much imports or exports fell during … standard measures of trade credit and external finance dependence, proxies for shipping lags at the sector level, and shares of … intra-firm trade in each sector. Overall, there is very little evidence that financial factors played a role in the collapse …