the micro-structure of the recent export collapse in manufacturing industries in Germany during the crisis of 2008 …/2009. Almost all of the decline in exports was due to negative changes of exports in firms that continue to export (i.e. at the so …-called intensive margin) while the decrease of exports due to export stoppers (at the so-called extensive margin) was tiny. It is shown …

reports a negative impact of credit constraints on both the number of goods exported and the number of export destination …