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We analyze the effect of the increase in trade exposure induced by the rise of China and the transformation of Eastern Europe on collective bargaining coverage of German plants in the period 1996-2008. We exploit cross-industry variation in trade exposure and use trade flows of other high-income...
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and trade literature. It tests whether the resource sectors’ lower demand for short-term external credit negatively … affects financial development. This is done with cross-sectional and panel analysis, using an instrument for credit demand …’ credit demand drives the detrimental effect of resources on finance. …
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activities. Moreover, we find that retail imports are associated with a higher exit probability of small retailers and greater …
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We exploit proprietary information on severed correspondent banking relationships (due to the stricter enforcement of financial crime regulation) to assess how payment disruptions impede cross-border trade. Using firm-level export data from emerging Europe, we show that when local respondent...
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