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Dominant currencies and the export supply channel
Frohm, Erik - 2021
Dominant currency pricing (DCP) weakens the demand-side effects of exchange rate changes on exports (Gopinath et al … significant increase in average exports per firm (the intensive margin), while the aggregate export response is mainly driven by …
Persistent link: https://www.econbiz.de/10012596321
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The employment consequences of SMEs' credit constraints in the wake of the Great Recession
Cornille, David; Rycx, François; Tojerow, Ilan - 2017
This article takes advantage of access to confidential matched bank-firm data relative to the Belgian economy to investigate how employment decisions of small- and medium-sized enterprises (SMEs) have been affected by credit constraints in the wake of the Great Recession. Variability in banks'...
Persistent link: https://www.econbiz.de/10011764401
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Exports and sectoral financial dependence : evidence on French firms during the great global crisis
Bricongne, Jean-Charles; Fontagné, Lionel; Gaulier, … - 2010
paper by using data on monthly exports at the product and destination level for some 100,000 individual French exporters, up … to 2009M4. We show that the drop in French exports is mainly due to the intensive margin of large exporters. Small and …
Persistent link: https://www.econbiz.de/10003986726
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Firms and the global crisis : French exports in the turmoil
Bricongne, Jean-Charles; Fontagné, Lionel; Gaulier, … - 2010
Global trade contracted quickly and severely during the global crisis. This paper, using a unique dataset of French firms, matching together export data with firm-level credit constraints, shows that most of the 2008-2009 trade collapse is accounted by the unprecedented demand shock and by...
Persistent link: https://www.econbiz.de/10008659408
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Are preferential agreements beneficial to EU trade? : new evidence from the EU-South Korea treaty
Quintieri, Beniamino; Stamato, Giovanni - 2023
, we find that the FTA exerted asymmetric effects in bilateral exports across directions of trade. Compared to previous … studies, our findings suggest a different explanation for the poor performances of Korean exports to the EU in the post …, increasing bilateral exports by about 30 percent. We then investigate heterogeneity in pair-industry-specific estimates of the …
Persistent link: https://www.econbiz.de/10014342219
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Burned by leverage? : flows and fragility in bond mutual funds
Molestina Vivar, Luis; Wedow, Michael; Weistroffer, … - 2020
Does leverage drive investor ows in bond mutual funds? Leverage can increase fund returns in good times, but it can also magnify investors' losses and their response to bad performance. We study bond fund ows to provide new evidence for the link between mutual fund leverage and financial...
Persistent link: https://www.econbiz.de/10012216683
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A sensitivities based CoVaR approach to asset commonality and its application to SSM banks
Del Vecchio, Leonardo; Giglio, Carla; Shaw, Frances; … - 2022
One important source of systemic risk can arise from asset commonality among financial institutions. This indirect interconnection may occur when financial institutions invest in similar or correlated assets and it is also described as overlapping portfolios. In this paper, we propose a new...
Persistent link: https://www.econbiz.de/10013373564
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Distance(s) and the volatility of international trade(s)
Mehl, Arnaud; Schmitz, Martin; Tille, Cédric - 2019
Does distance matter for the volatility of international real and financial transactions? We show that it does, in addition to its well-established relevance for the level of trade. A simple model of trade with endogenous markups shows that demand shocks have a larger impact on trade between...
Persistent link: https://www.econbiz.de/10011994537
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Global trade in final goods and intermediate inputs : impact of FTAs and reduced "border effects"
Franco-Bedoya, Sebastian; Frohm, Erik - 2020
the 1970s. The decline has been 13% per year for exports of final goods and 8% for intermediate inputs, highlighting the …
Persistent link: https://www.econbiz.de/10012216588
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The impact of US tariffs against China on US imports : evidence for trade diversion?
Cigna, Simone; Meinen, Philipp; Schulte, Patrick; … - 2020
on a data set covering monthly product-level information on US imports from 30 countries for the period January 2016 … showing a strong negative direct effect of US tariffs on US imports from China, but (2) do not find evidence for significant …
Persistent link: https://www.econbiz.de/10012390489