Showing 1 - 10 of 918
We study the effectiveness of government aid to exporters by exploring an exogenous shock that affected the ability of the Export-Import Bank of the United States (EXIM) to provide aid to U.S. exporters through loan guarantees to importers. We focus on Boeing, the largest individual recipient of...
Persistent link: https://www.econbiz.de/10014337795
We study the role of export credit agencies--the predominant tool of industrial policy--on firm behavior by using the effective shutdown of the Export-Import Bank of the United States (EXIM) from 2015-2019 as a natural experiment. We show that firms that previously relied on EXIM support saw a...
Persistent link: https://www.econbiz.de/10014468219
currency borrowing in emerging markets. Using detailed firm-level data from India, we show that propensity to issue foreign … currency debt for the same firm is higher when the difference in short-term interest rates between India and the US is higher …
Persistent link: https://www.econbiz.de/10012482315
This paper estimates a household saving rate equation for India and Korea using long-term time series data for the 1975 … impact on the household saving rate in both India and Korea, even after controlling for the usual suspects such as the aged … and youth dependency ratios and income. It has a negative impact in India, where the bride's side has to pay substantial …
Persistent link: https://www.econbiz.de/10012456265
aggregate household saving rates in Japan, China, and India. The observed age distributions help explain the contrasting saving … saving rates, while decreasing family size increases saving for both China and India. Projecting forward, the model predicts …
Persistent link: https://www.econbiz.de/10012457114
In 30 villages, we randomly assign monitors to a subset of savers. An average monitor increases total savings by 35 …%. Increasing the monitor's network centrality by one standard deviation increases savings by 14%, and increasing proximity from … social distance three to two increases savings by 16% …
Persistent link: https://www.econbiz.de/10012457498
We develop an empirical approach for identifying specialization in bank lending using granular data on borrower activities. We illustrate the approach by characterizing bank specialization by export market, combining bank, loan, and export data for all firms in Peru. We find that all banks...
Persistent link: https://www.econbiz.de/10012456871
This paper analyzes the financing terms that support international trade and sheds light on how and why these arrangements affect trade. Using detailed transaction level data from a U.S. based exporter of frozen and refrigerated food products, primarily poultry, it begins by describing broad...
Persistent link: https://www.econbiz.de/10012461566
A striking feature of many financial crises is the collapse of exports relative to output. In the 2008 financial crisis, real world exports plunged 17 percent while GDP fell 5 percent. This paper examines whether deteriorations in bank health can help explain the large drops in exports relative...
Persistent link: https://www.econbiz.de/10012463093
This paper studies the effects of prohibiting individuals from holding foreign assets, and of allowing firms to trade in foreign assets only up to what is needed to finance export and import activities. Although firms can perform arbitrage between domestic and foreign financial markets, the...
Persistent link: https://www.econbiz.de/10012475933