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Relative Real Exchange-Rate Volatility, Multi-Destination Firms and Trade: Micro Evidence and Aggregate Implications
Héricourt, Jérôme; Nedoncelle, Clément - Centre d'études prospectives et d'informations … - 2015
exports away from destinations characterized by higher, relative RER volatility, and are even more prone to do so when the … handle exchange rate risks, with significant implications for exports at the macro level: a very simple empirical exercise … shows that aggregate exports would have been 6.6% larger if all firms had been able to reallocate exports across …
Persistent link: https://www.econbiz.de/10011213746
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Exchange Rate Volatility, Financial Constraints and Trade: Empirical Evidence from Chinese Firms
Héricourt, Jérôme; Poncet, Sandra - Centre d'études prospectives et d'informations … - 2012
This paper studies how firm-level export performance is affected by RER volatility and investigates whether this effect depends on existing financial constraints. Our empirical analysis relies on export data for more than 100,000 Chinese exporters over the period 2000-2006. We confirm a...
Persistent link: https://www.econbiz.de/10010827782
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Crises and the Collapse of World Trade: the Shift to Lower Quality
Berthou, Antoine; Emlinger, Charlotte - Centre d'études prospectives et d'informations … - 2010
One of the most striking features of the crisis that started during the fall of 2008 has been the sharp decrease in the world volume of trade in goods. The collapse of trade values has been even larger, leading to a decrease of import price indices. We argue that the decrease of import price...
Persistent link: https://www.econbiz.de/10008515825
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Invoicing Currency, Firm Size, and Hedging
Martin, Julien; Méjean, Isabelle - Centre d'études prospectives et d'informations … - 2012
link between the invoicing currency of exports, firm size, and hedging. About 90% of firms in the sample invoice exports in …
Persistent link: https://www.econbiz.de/10010604043
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Location Decisions and Minimum Wages
Méjean, Isabelle; Patureau, Lise - Centre d'études prospectives et d'informations … - 2007
Persistent link: https://www.econbiz.de/10005607300
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Sector Sensitivity to Exchange Rate Fluctuations
Fouquin, Michel; Mulder, Nanno; Nayman, Laurence; … - Centre d'études prospectives et d'informations … - 2001
Persistent link: https://www.econbiz.de/10005062837
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Costs and Benefits of Euro Membership: a Counterfactual Analysis
Dubois, Emmanuel; Hericourt, Jérôme; Mignon, Valérie - Centre d'études prospectives et d'informations … - 2007
Persistent link: https://www.econbiz.de/10005406595
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New Revealed Comparative Advantage Index: Dataset and Empirical Distribution
Leromain, Elsa; Orefice, Gianluca - Centre d'études prospectives et d'informations … - 2013
Balassa Index (Balassa 1965) is widely used in the literature to measure country-sector Revealed Comparative Advantage (RCA). However, being computed on observed trade flows, it mixes up all the factors influencing trade flows. In particular, Balassa Index cannot isolate exporter-sector (ex...
Persistent link: https://www.econbiz.de/10010827781
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Indirect Exporters
McCann, Fergal - Centre d'études prospectives et d'informations … - 2010
An Indirect Exporter is defined as a firm that sells its product to a trade intermediary in its own country, who then goes on to export the good. Despite the numerous appearances of these firms in recent theoretical models, there has been no empirical work comparing these firms to Domestic firms...
Persistent link: https://www.econbiz.de/10008676061
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EMU, EU, Market Integration and Consumption Smoothing
Christev, Atanas; Melitz, Jacques - Centre d'études prospectives et d'informations … - 2011
We take a new approach to the study of the impact of EMU on consumption smoothing that allows a broader range of channels to enter into view. It is no longer simply a question of the smoothing of asymmetric output shocks via cross-country holdings of property and claims, as is often the case....
Persistent link: https://www.econbiz.de/10009358501