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Exporting and Firm Performance : Chinese Exporters and the Asian Financial Crisis
Park, Albert - 2009
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
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The Global Financial Cycle
Miranda-Agrippino, Silvia; Rey, Hélène - National Bureau of Economic Research - 2021
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
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Contractual Versus Generic Outsourcing : The Role of Proximity
Feenstra, Robert C. - 2005
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
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The Margins of Trade
Eaton, Jonathan - 2019
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
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Exports and Financial Shocks
Amiti, Mary - 2009
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
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De-globalization : Driven by Global Crises?
Razin, Assaf - 2020
International trade increased rapidly after 1990, fueled by the growth of a complex network of global value chains. Financial globalization gathered force. Trade globalization, however, reversed course since the Global Financial Crisis. The new trend is expected to endure after the Global...
Persistent link: https://www.econbiz.de/10012482149
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The Collapse of International Trade During the 2008-2009 Crisis : In Search of the Smoking Gun
Levchenko, Andrei A. - 2010
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
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Central Bank Swap Arrangements in the COVID-19 Crisis
Aizenman, Joshua; Itō, Hiro; Pasricha, Gurnain Kaur - National Bureau of Economic Research - 2021
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
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The Great Trade Collapse
Bems, Rudolfs - 2012
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
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Leverage-Induced Fire Sales and Stock Market Crashes
Bian, Jiangze - 2018
We provide direct evidence of leverage-induced fire sales contributing to a market crash using account-level trading data for brokerage- and shadow-financed margin accounts during the Chinese stock market crash of 2015. Margin investors heavily sell their holdings when their account-level...
Persistent link: https://www.econbiz.de/10012480693