Showing 1 - 10 of 1,937
We ask how export demand shocks associated with the Asian financial crisis affected Chinese exporters. We construct … outcomes. We find that firms whose export destinations experience greater currency depreciation have slower export growth, and … that export growth leads to increases firm productivity and other firm performance measures. Consistent with "earning …
Persistent link: https://www.econbiz.de/10012464017
effects of the monetary policies of the US Federal Reserve, the European Central Bank and of the People's Bank of China on the …
Persistent link: https://www.econbiz.de/10012660005
We explore the relationship between proximity of buyers and sellers and the organizational form of outsourcing. Outsourcing can be "contractual" in which suppliers undertake specific investments or involve "generic" market transactions. Proximity expands the variety of products sourced through...
Persistent link: https://www.econbiz.de/10012466786
We document a novel stylized fact: Using data for several countries, we show that export activity is disproportionately … raises not only the aggregate productivity of the economy but also its aggregate export intensity, by allowing more firms to …
Persistent link: https://www.econbiz.de/10012482527
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 specialize in at least one export market, that specialization affects a …
Persistent link: https://www.econbiz.de/10012456871
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
We introduce quality differentiation and an extensive margin of products into a standard quantitative, general equilibrium model of international trade. Both the quality and the quantity of a product play a role in its contribution both to consumption and to production. The framework allows...
Persistent link: https://www.econbiz.de/10012480070
on trade. In addition, shocks to credit supply constrained export supply further exacerbating the decline in trade. Most …
Persistent link: https://www.econbiz.de/10012460028
One of the most striking aspects of the recent recession is the collapse in international trade. This paper uses disaggregated data on U.S. imports and exports to shed light on the anatomy of this collapse. We find that the recent reduction in trade relative to overall economic activity is far...
Persistent link: https://www.econbiz.de/10012462647
Facing acute strains in the offshore dollar funding markets during the COVID-19 crisis, the Federal Reserve (Fed) implemented measures to provide US dollar liquidity by reinforcing swap arrangements with five major central banks, reactivating them with nine other central banks and establishing a...
Persistent link: https://www.econbiz.de/10012496139